2005

Alcan (AL-T) expects fourth- quarter operating earnings to slide by around 30% from the previous quarter, owing to a weaker U.S. dollar, seasonal effects, and higher fuel and energy costs.

Vancouver — In a deal worth $15.3 million, Lundin Mining (LUN-T) is offering to purchase the shares in North Atlantic Natural Resources it does not already own.

U.S. equity markets were lower over the report period Jan. 18-25, mainly forced lower by poor earnings news. The S&P-500 index was down 2.3% of value, at 1,168.41 points.

The week of Jan. 19-25 saw the price of gold rise US$2.25, to US$424.50 per oz., where it closed in the afternoon in London. The gold index was up 1.8 points and finished at 198.25. The diversified metals and mining index also rose, by 3.7 points,…

Vancouver — Drilling by Imperial Metals (III-V) has confirmed the presence of high-grade gold-silver mineralization in the Northeast zone at the Mount Polley mine, near Williams Lake, B.C.

In its third annual volume of Strategy Plus, the research department of Montreal-based brokerage house Desjardins Securities weighs in on the year ahead and offers top investment recommendations in all sectors, including mining.

Junior explorer Sabina Resources (SBB-V) will buy out the minority interest in its Golden Sidewalk property in Ontario’s Skinner Twp., in the Birch-Uchi Lake greenstone belt.