Conquest expands portfolio
Junior Conquest Resources (YQR-V) has expanded its Zimbabwean gold portfolio by acquiring the Babs and Beehive properties.The US$1.5-million acquisition was financed by $2.6 million worth of convertib…
2001
Canadian Stock Exchange Indices (April 30, 2001)
DateApril 24 April 23April 20April 19April 18HighLowTSE 3007891.677929.808099.44…
Markets show modest gains
Given the numerous positive factors that emerged during the report period April 16-20, price gains in the metals markets were modest. Nickel led the way, but the average cash price gained only 1.5%; c…
Rate cut propels market rally
Denver — The Dow Jones industrial average continued climbing after the U.S. Federal Reserve announced a surprise interest rate cut of 0.5%. The market finished the April 18-24 report period up 237.61…
Western Copper goes it alone
Vancouver — Western Copper Holding’s (WTC-T) joint-venture partner, Lima, Peru-based Mauricio Hochschild & Cia, has dropped its option to earn a 68% interest in the Penasquito silver-lead-zinc proper…
Royal Standard seeks PGMs
Denver — Royal Standard Minerals (RSM-M) has signed a letter of intent to acquire a half-interest in a platinum-palladium project in far-eastern Russia.The company will pay Geoprospects International…
Higher gold grades a boon for Freeport
Denver — Despite lower-than-anticipated metal prices, Freeport-McMoRan Copper & Gold (FCX-N) pocketed a profit of US$38 million, or 26 per share, in the first quarter.The Louisiana-based major, whic…
Drilling enhances Alamo Dorado
Eight holes drilled along strike of the Alamo Dorado gold-silver deposit in Mexico’s Sonora state have confirmed the updip continuity on several sections.The work is part of an initial phase of infill…
CDNX breaks 3,000 mark in brisk trading
Vancouver — Canada’s junior exchange broke the 3,000 mark during the week ended April 24, as all indices posted gains. The Canadian Venture Exchange composite index tacked on 50.17 points, or 1.7%, t…
Base metal miners start year in the black
The April 18-24 report period saw Canada’s biggest base metal producers issue a string of relatively healthy first-quarter earnings reports.Inco announced it had earned US$85 million or US42 a share …
Radius seeks Guatemalan gold
Vancouver — Radius Explorations (RDU-V) is about to begin a first phase of reverse-circulation drilling at the Tambor gold project in Guatemala.The 20-hole, 2,500-metre program will focus on the Brid…
Gold Funds (April 30, 2001)
Dundee Precious MetalsCentral FundNet Value$12.57$5.23Price$7.75$4.97Discount38.35…