Benchmark slips as domestic turmoil erupts
Despite an eventful week domestically, the TSE/S&P index slipped just 92.56 points over the May 29-June 4 report period to finish 1.2% lower, at 7,568.02.On June 2, Finance Minister Paul Martin was re…
2002
Vista Gold goes through reorganization
Vista Gold (VGZ-T) is closer to a reorganization following shareholder approval of a share consolidation and refinancing.The shareholder approvals cover three separate transactions. In the first, a pr…
Silver adds shine to gold’s lustre
Vancouver — Canada’s junior exchange rallied over the report period ended June 4, as investors added silver-related stocks to their recent purchases of junior gold issues. The Standard & Poor’s-TSX V…
GLR dusts off cobwebs
With the price of gold on the rise, GLR Resources (GRS-T) has decided to forge ahead with the development of the Box and Athona deposits, which form part of its Goldfields project on the north shore o…
Phelps Dodge drives down costs
The world’s second-largest copper producer, Phoenix, Ariz.-based Phelps Dodge (PD-N), is starting to show success in its efforts to reduce operating costs at its mines around the world.Dubbed “Quest f…
MOST ACTIVE ISSUES, MAY 29-JUNE 4
ExchgVol(000s)HighLowCloseChangeKinross GoldT279264.343.664.18+0.01…
Grupo Mexico sees improvements in Q1
Financial results appear to be improving for copper giant Grupo Mexico as cutbacks in production make their effect felt across the organization.Grupo Mexico booked a net loss of US$20.9 million on rev…
GREATEST VALUE TRADED, MAY 29-JUNE 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N71024532.6230.5131.56-0.41…
Seabridge builds up fringe gold projects
Some gold companies become marginal plays, and others have that status thrust upon them; the unusual thing about Seabridge Resources (SEA-V) is that it was born a marginal play, and by design.Founded …
Juniors eye precious metals in Argentina
Argentina’s recent financial woes have not deterred two juniors from inking separate deals to explore for precious metals there.Silver Standard Resources (SSO-V) has purchased a 43% interest in the Pi…
Novagold hits new zone at Donlin
Vancouver — An ongoing drill program by NovaGold Resources (NRI-T) has uncovered a new zone of mineralization some 500 metres north of the high-grade Acma deposit, on the Donlin Creek property in Ala…
J-Pacific nabs Callahan
Vancouver-based J-Pacific Gold (JPN-V) has acquired an option to buy the Callahan property in Nevada’s Lander Cty.The Callahan property consists of 10 patented and 42 unpatented claims overlying a seq…