News


Rio Algom polishes performance

Rising copper output and lower costs resulted in a strong first quarter for Rio Algom (ROM-T).For the first three months of 2000, the Toronto-based company posted net earnings of $15 million (or 16 p…



Merger pays off for Phelps Dodge

Phoenix, Ariz.-based Phelps Dodge (PD-N) attributes its first-quarter savings of US$30 million to the acquisition of Cyprus Amax Minerals late last year.Increased purchasing power enabled Phelps Dodge…


Sinking gold drags down majors

Gold’s anemic response to technology stocks’ wild fluctuations only got worse during the April 19-25 report period, with the yellow metal sinking US$3.70 to hit a London morning fix of US$277.70 per o…


Gold weakens on Dow’s rebound

The Dow Jones industrial average climbed 357.40 points, or 3.3%, during the report period ended April 25 to close at 11,124.82. The gain came on the heels of a strong rally with the Nasdaq, which did …


Partners form JV with Rio Tinto

Two Canadian juniors, Semafo (SMF-T) and Afcan Mining (AFK-M), have formed a joint venture with London-based Rio Tinto (RTP-N) to explore the Mont Kakoulima massive sulphide property in Guinea.


Junior market still tender following correction

Still volatile after the recent high-tech meltdown, the Canadian Venture Exchange dropped 87.51 points, or 2.4%, to close at 3,562.79 during the holiday-shortened period ended April 25. The mining ind…


Breakwater eyes Oued Amizour

A letter-of-intent agreement with an Algerian geological agency sets the stage for Breakwater Resources (BWR-T) to earn up to a 90% interest in the Oued Amizour zinc project, 10 km from the port city …


TSE to boot struggling juniors in August

Junior mining companies facing the boot from the Toronto Stock Exchange under strict new listing requirements have four months to turn their fortunes around.Starting Aug. 1, the TSE will delist any re…


Noranda tests Perseverance

If the high-grade results of recent drilling are any indication, Noranda (NOR-T) may soon prove that Perseverance pays at its mining complex in the Matagami camp of northern Quebec.Perserverance is th…



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