Broad market stages rally
Fueled in part by gains in the gold and base metal sectors, the Toronto Stock Exchange rocketed 148.32 points over the April 30-May 6 report to land at 6,693.71.By the period’s end, the gold group had…
2003
Golden Star rakes in record Q1 revenues
Record production from the Prestea open-pit gold mine in Ghana, and significantly better gold prices, let Golden Star Resources (GSC-T) set records for first-quarter revenues and earnings.In the three…
Falco extends Kidd grounding
With the zinc market showing no signs of recovery, Falconbridge (FL-T) is extending by a month the previously planned 9-week shutdown of refining operations at its Kidd metallurgical site in Timmins, …
American Barrick boosts reserves
What a difference a year can make in the life of a mining company.This time last year, Toronto-based American Barrick Resources was sitting with reserves totalling 3.5 million oz. in seven Canadian an…
Diamonds, gold add glitter to junior exchange
Vancouver — Canada’s junior exchange rallied during the week ended May 6. The S&P-TSX Venture Exchange composite index tacked on 25.05 points, or 2.4% of its value, to close at 1,055.74.Shares of Spi…
BC Chamber hosts golf tournament
The British Columbia & Yukon Chamber of Mines will hold a golf tournament at the Mayfair Lakes Golf and Country Club in Richmond, B.C., on May 13.Players of various skill levels will participate in a …
Canadian Stock Exchange Indices (May 12, 2003)
DateMay 6May 5May 2May 1April 30HighLowTSX Composite6693.716659.676618.116569.31…
People (May 12, 2003)
Compania Minera Antamina — Wendell Pauling appointed president and CEO.Diamonds North — Bruce Kienlen appointed to exploration team.DiamondWorks — Robert Rainey appointed CFO.
AngloGold hit by currency exposure (May 12, 2003)
Vancouver — South Africa’s biggest gold producer felt the impact of a falling U.S. dollar in the first quarter.AngloGold (AU-N) saw net profit slump to US$66 million in the three months ended March 3…
Atna eyes Sheridan assets (May 12, 2003)
Vancouver — Atna Resources (ATN-T) and a well-known private investor have signed a letter-in-principal paving the way for Atna to acquire $3.4 million in assets.Under the deal, Atna will issue to J. …
Summit leads to workplace policy on AIDS
Among the results of the recent Mining Industry HIV/AIDS Summit near Johannesburg is a resolution that all workplaces in South Africa institute sound policies and programs to deal with AIDS by next ye…
Intrepid looks to Argentina
Calingasta, Argentina — The acquisition of the Casposo gold-silver project in the province of San Juan provides Intrepid Minerals (IAU-V) with a platform for growth in Argentina.The Toronto-based jun…