Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
2001
MOST ACTIVE ISSUES, MAR. 7-13
ExchgVol(000s)HighLowCloseChangeAlcoa*N 19112 39.58 35.37 37.05 -0.94…
Market makes steep drop
Denver — The Dow Jones industrial average suffered a 2.8% drop, tumbling 300.42 points to 10,290.80 for the report period ended March 13, while the Nasdaq was off 8.6%.Spot gold on the Comex division…
Peruvian company posts polymetallic resource
Denver — Prefeasibility work at the Cerro Lindo property in central Peru has outlined high-grade zinc mineralization for that country’s Minera Milpo.The measured, indicated and inferred resource, cal…
CDNX suspends Birch again
The Canadian Venture Exchange (CDNX) has once again suspended “prairie-gold” explorer Birch Mountain Resources (BMD-V), following a technical audit of its exploration program.The exchange ended Birch’…
PNWC raises grade at River Valley
Vancouver — Early results from an ongoing 11,000-metre drill program by Pacific North West Capital (PFN-V) have boosted the economical prospects of the River Valley platinum- palladium project in Ont…
Lupin boosts Echo Bay
Denver — The Lupin mine in Nunavut contributed to a 42% increase in gold production in the fourth quarter for Echo Bay Mines (ECO-X), propelling the company to a profit for 2000.The company’s gold pr…
Market mayhem misses CDNX
Vancouver — Canada’s junior exchange managed to survive the recent market meltdown with relatively minor damage. The oil-and-gas and mining indices managed to stay in positive territory while tech st…
Ventura promotes mining
Mining in Minnesota is a $1.5-billion-per-year industry employing 20,000 people — a point not lost on Minnesota Gov. Jesse Ventura as he opened mining awareness week at the Duluth Entertainment and C…
Ashanti takes writedown
Denver — Despite higher revenue and record gold production, Ashanti Goldfields (ASL-N) posted a net loss (after exceptional items) for 2000.The low gold price forced the Ghana-based company to reduce…
Rubicon hits more gold at McCuaig
Vancouver — Rubicon Minerals (RMX-V) has cut a new gold-bearing structure at the McCuaig project in Red Lake, Ont.Company geologists describe the mineralized zone as a sulphide-bearing silicified and…
NAME CHANGES (March 19, 2001)
Econ Ventures Ltd. (EOV-V) has changed its name to Richcor Res. Ltd. (RRS-V) on a 1-new-for-10-old-share basis.Augusta Metals Inc. (AUU-V) has changed its name to Cybercom Systems I…