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Ivernia to buy rest of Magellan lead mine

Ivernia (IVW-T) plans to sell $65-82.5 million worth of newly minted shares to buy the 49% interest in the Magellan lead mine it does not already own. The mine is 740 km northeast o…


Klipspringer weighs on SouthernEra

SouthernEra Diamonds (SDM-T) lost US$14.5 million before taxes for 2004, partly owing to costs associated with dividing the original SouthernEra Resources into two separate entities…


Phelps honours safe operations

Phelps Dodge (PD-N) has given its “million zero hours award” to four operations in recognition for having operated 1 million consecutive employee hours or more without a serious inj…


Activity down in US markets

U.S. stock markets climbed marginally higher during the April 5-11 period. The S&P 500 index rose 5.09 points to close at 1,181.21 and the Dow Jones Industrial Average rose 27.42 points to finish…



Thistle gets reprieve

Creditor protection for Thistle Mining (THT-T) will be extended three months after a decision by the Ontario Superior Court allowing the company to continue with a proposed restruct…


Copper’s bull run, part 2

This following is the concluding part of a talk on the copper market, delivered at the recent convention of the Prospectors & Developers Association of Canada in Toronto. Part one appeared in our…


Canadian Stock Exchange Indices (April 18, 2005)





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Date April 11April 8 April 7April 6 April 5 High Low
TSX Composite 9643.72