Benchmark slips as domestic turmoil erupts
Despite an eventful week domestically, the TSE/S&P index slipped just 92.56 points over the May 29-June 4 report period to finish 1.2% lower, at 7,568.02.On June 2, Finance Minister Paul Martin was re…
News
NJ Mining raises funds
A private placement will provide US$229,500 for a drill program at three northern Idaho projects operated by junior New Jersey Mining (NJMC-O).A 1,500-metre drilling campaign on the New Jersey mine, n…
News – 10-JUN-02
NAME CHANGES (June 10, 2002)
Independent Res. (IDN-V) has changed its name to ILOVETV Entertainment (TV-V) on a 1-new-for-1-old-share basis.
Canaccord gets cash infusion from Manulife
Vancouver-based Canaccord, whose subsidiary, Canaccord Capital, serves as a brokerage house for a number junior mining companies in Canada, has reached a deal to sell 20% of its outstanding shares to …
Vista Gold goes through reorganization
Vista Gold (VGZ-T) is closer to a reorganization following shareholder approval of a share consolidation and refinancing.The shareholder approvals cover three separate transactions. In the first, a pr…
Rio Narcea ups production forecast
Rio Narcea Gold Mines (RNG-T) pumped out 29,336 oz. gold at its El Valle mine in May — more than twice the previous monthly production record for the Spanish operation.The company says the pace shoul…
Silver adds shine to gold’s lustre
Vancouver — Canada’s junior exchange rallied over the report period ended June 4, as investors added silver-related stocks to their recent purchases of junior gold issues. The Standard & Poor’s-TSX V…
GLR dusts off cobwebs
With the price of gold on the rise, GLR Resources (GRS-T) has decided to forge ahead with the development of the Box and Athona deposits, which form part of its Goldfields project on the north shore o…
Phelps Dodge drives down costs
The world’s second-largest copper producer, Phoenix, Ariz.-based Phelps Dodge (PD-N), is starting to show success in its efforts to reduce operating costs at its mines around the world.Dubbed “Quest f…
MOST ACTIVE ISSUES, MAY 29-JUNE 4
ExchgVol(000s)HighLowCloseChangeKinross GoldT279264.343.664.18+0.01…
Aurizon drills deep into Casa Berardi
Narrow-vein miner Aurizon Mines (ARZ-T) has begun a deep drilling program in hopes of outlining more mineralized material at the past-producing Casa Berardi gold mine in northwestern Quebec.After purc…