News

Merck rattles Dow

The period ended Oct. 5 was a turbulent one for U.S. markets, with the Dow Jones Industrial Index rising 100.28 points to 10,177.68 and the S&P 500 index easing up by 24.42 points to 1,134.48.


Gold yoyos amid high oil prices

The report period Sept. 29-Oct. 5 saw the price of gold rise to close US$3.70 higher at US$415.40 per oz. in the afternoon in London. In New York, oil prices were still hovering around US$50 a barrel; the energy index was up another 4 points at 19…



Catalytic converter turns 30

This month marks the 30th anniversary of the introduction of the catalytic converter into vehicles in the U.S.


NovaGold cuts copper at Galore Creek

Vancouver — NovaGold Resources (NG-T) has intersected bonanza-grade copper-silver values at the Galore Creek project in northwestern British Columbia.


Agreements break ground

Mining associations in western and eastern Canada have formed innovative alliances with groups traditionally seen as being hostile to mining interests.


Empowerment evolves

Shareholders in Coeur d’Alene Mines may be considerably relieved that their company has abandoned its takeover bid for Wheaton River Minerals. Wheaton remains independent but looking; Iamgold has made the deal it wanted with Gold Fields; Coeur and…


Excellon tests a potential new manto horizon discovered during condemnation drilling in Mexico.

Excellon targets Durango high-grade

Torren, Mexico — At 63,400 tonnes, it may be small, but bonanza silver grades have persuaded Excellon Resources (EXN-V) to begin mining the Platosa deposit, about 35 km north of here.



Liberty cuts cobalt

Liberty Mineral Exploration (LBE-V) is calculating the resource at the McAra Lake cobalt deposit in northeastern Ontario, following infill drilling on cobaltite veins.


Dynasty serves up Ecuadoran gold

Vancouver-based Dynasty Metals & Mining (DMM-V) has received encouraging results from ongoing trenching and soil sampling on the Papayal porphyry discovery in southern Ecuador.


Resource stocks win big on junior market

Resurgent metal and oil prices helped push the TSX Venture Exchange to another strong performance for the period ended Oct. 5, as the S&P-TSX Venture Composite Index continued its blistering pace, rising another 75.55 points, or 4.8%, to 1,658.91…


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