Trading Summary (January 14, 2003)
Toronto’s gold stocks suffered a second straight day of losses sliding 9.24 points or about 4.7% to 187.7 on Tuesda…
News
CZZ tables Mesamax results
Vancouver The latest drill results tallied by Canadian Royalties (CZZ-V) have confirmed the down-dip extension of…
First Quantum ups Lonshi resource
An independent resource estimate has added 21% more copper to the producing Lonshi copper oxide deposit in the Demo…
Masuparia eyes Greywacke prospects
Vancouver – The 2002 exploration program over the Greywacke Lake gold project has Masuparia Gold (MPG-V) eyeing the…
Cambior sharpens its trimmers
With gold reaching prices not seen in years, Cambior (CBJ-T) plans to trim its hedge book by about 40% to around 80…
Fording battle ends in peace (January 13, 2003)
The heated battle for Fording (FDG-T) has ended with a truce that will see the two sides combine their respective m…
Rubicon hits bonanza grades at McFinley
Vancouver A 14-hole drill program by Rubicon Minerals (RMX-V) has returned encouraging values from the McFinley M…
Trading Summary (January 13, 2003)
The gold stocks finished on the minus side of a mixed Toronto Stock Exchange on Monday, dropping 3.05 points or 1.5…
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
Wolfden buys out My-Ritt partner
In return for cash and shares, Wolfden Resources (YWO-V) can acquire the 30% interest in the My-Ritt property it does not already own.Situated in the Red Lake region of northern Ontario, My-Ritt is ch…
Afcan eyes Chinese gold (January 13, 2003)
Montreal-based Afcan Mining (AFK-V) is acquiring an 85% interest in the Tanjianshan gold project in the northwestern Chinese province of Qinghai. The vendor is Australian-based Sino Gold.Afcan will pa…
Alcoa posts surprise loss
Alcoa (AA-N) posted a fourth-quarter loss of US$223 million after announcing plans to cut 8,000 jobs at 70 locations worldwide. The loss represents US27 per diluted share.By comparison, the company i…