Resource stocks rise with the rest of market
The bulls charged ahead during the March 6-12 report period, pushing the Toronto Stock Exchange 300 index up 280.02 points to 7,866.14. Even the precious metals and base metals sub-groups were up over…
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Gold Funds (March 18, 2002)
Gold Funds as of March 7 2002Dundee Precious MetalsCentral FundNet Value$18.12$5.62Price$13.40$5.76…
Ivanhoe continues Mongolian shopping spree (March 18, 2002)
Spurred on by encouraging results at the Turquoise Hill copper-gold project, Ivanhoe Mines (IVN-T) has inked two deals to add to its expanding stable of exploration projects in southern Mongolia.Under…
Camorra results cap good year for Hecla
Exploration drilling at the La Camorra mine in Bolivar state, Venezuela, suggests Hecla Mining (HL-N) may find additional high-grade resources at depth.A deep drill hole and a hole wedged off from it …
BHP options Alberta diamond project
After staking a 7,200-sq.-km land package in northern Alberta last year, the Canadian diamond division of BHP Billiton (BHP-N) has acquired an option on two key properties held by Buffalo Diamonds (YB…
Greek bombshell sinks TVX (March 18, 2002)
Massive writedowns eroded an otherwise profitable year for TVX Gold (TVX-T).The gold miner lost US$227.9 million (or US$1.24 per share) in 2001 on revenue of US$158.3 million, compared with earnings o…
MOST ACTIVE ISSUES, MARCH 6-12
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N1956925.4322.8024.21-0.34…
Inca Pacific tables resource for Magistral
Vancouver — Inca Pacific Resources (IP-V) and partner Anaconda Peru have tabled an updated mineral resource for the Magistral copper-molybdenum-silver project.The new resource weighs in at 105 millio…
Solitario cuts PGMs at Pedra Branca
Vancouver — Denver-based Solitario Resources (SLR-T) has intersected new platinum-palladium mineralization at its Santa Amaro and Cedro 1 prospects at the Pedra Branca project in Brazil.Solitario’s S…
Eldorado pays down debt (March 18, 2002)
Vancouver — With its debt now under control, Eldorado Gold (ELD-T) intends to develop its assets in Brazil and Turkey.Since the completion of its special warrant financing worth $23.5 million, Eldora…
No democracy, no change
To the surprise of practically no one, Robert Mugabe was declared the winner of Zimbabwe’s presidential election on March 13. Election officials said he had taken 57% of the votes, compared with 42% f…
