Cambior’s losses shrink
Emerging from a long period of restructuring, Cambior (CBJ-T) has significantly reduced the amount of red ink on its earnings statement.For the year ended Dec. 31, 2000, Cambior’s net loss was US$81.6…
News
TSE wipes brow after recent debacle
Easing its downward spiral of late, the broad market fell less than a point over the March 21-27 report period, to finish the week at 7,751.33.Even gold has regained its composure, trading unchanged a…
Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…
Spot Prices Wed. March 28, 2001Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$261.20 $0.00Silver$ 4.43+$0.09…
Slumping copper typical of base metals complex
The report period March 19-23 was a mixed one for base metals, as markets were dominated by collapsing global equities values. Copper prices continued in the steep downtrend established in early March…
National Gold closes Salamandra deal
Vancouver — Having made the initial $250,000 payment required for the purchase of the Salamandra gold property in Mexico, National Gold (NGT-V) must now raise $3.6 million by Aug. 30.The junior took …
Metal Prices (April 02, 2001)
DateMarch 27March 26March 23March 22March 21BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Canadian Stock Exchange Indices (April 02, 2001)
— 52-week –DateMarch 27March 26March 23March 22March 21High…
Avalon cuts mineralization at East Braintree tantalum project
Vancouver — Two holes drilled at the Lucy North prospect, part of the East Braintree tantalum project in southeastern Manitoba, have returned encouraging values for partners Avalon Ventures (AVL-V) a…
A call for tax reform
COMMENTARY/GUY DUFRESNEMore government involvement is needed to spur investment in mineral exploration in Canada, according to Guy Dufresne, chairman of the Mining Association of Canada.Speaking at th…
Repadre in black despite year-end writedown
Improved earnings from the Tarkwa gold mine in Ghana meant Repadre Capital (RPD-T) turned a profit of $2.7 million on revenue of $8.9 million in 2000, while taking a $3-million charge against assets o…
New vein hit at San Jeronimo
Vancouver — A 6-hole drill program by Peruvian-based Mauricio Hochschild & Compania has hit a new silver vein on Western Copper Holdings’ (WTC-T) San Jeronimo property in Zacatecas state, Mexico.Thre…