Trading Summary (August 18, 2003)
The Toronto Stock Exchange ended Monday’s trading session 20.78 points higher at 7,411.33. No thanks were due the g…
Articles by Northern Miner Staff
Claude squeaks by second quarter
Higher head grades and stronger gold prices enabled Claude Resources (CRJ-T) to offset the weaker U.S. dollar and r…
Yamana closes Brazilian deal
Vancouver Armed with a $55.5 million financing, Spokane-based Yamana Resources (YRI-T) has handed over US$20.9 mi…
Alcan submits formal Pechiney bid to EU
Alcan (AL-T) has formally submitted its 3.4-billion-euro bid for French rival Pechiney with the European Commission…
Diamonds deliver for London’s Rio Tinto
The diamond group of Rio Tinto (RTP-N) performed strongly in the first half of 2003, driven by higher prices and the selloff from inventories that had built up at the Argyle operation in the latter pa…
Canadian Stock Exchange Indices (August 18, 2003)
DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6HighLowTSX Composite7354.027251.967317.817180.27…
Ivanhoe looks to China to unlock Gobi treasure
The ever-growing Turquoise Hill copper-gold discovery, deep in Mongolia’s South Gobi desert, is on the doorstep of a country that now consumes more copper and more steel than any other region in the w…
Canpotex strikes Chinese potash deal (August 18, 2003)
The North American potash partnership Canpotex will supply Saskatchewan potash to China’s largest potash importer, China National Chemicals Import & Export Corporation (Sinochem).Under a memorandum of…
Ashanti bidders rebound
Mid-tier producer Randgold Resources made headlines during the week ending Aug. 12 by topping AngloGold’s bid for Ashanti Goldfields by about US$100 million. Randgold is offering one of its own…
The Northern Miner Indices (August 18, 2003)
North American Mining: 83.43 (+2.31)Small Producers: 86.36 (+3.91)(Sept. 30/98 = 100)…
Financings the fashion on TSX
The Toronto Stock Exchange composite index regained lost ground, and then some, ending the Aug. 6-12 report period 214.96 points higher at 7,354.02.The surge was powered by gold, which jumped US$8.10 …
Goldbrook expands in Ungava region
Vancouver — Junior Goldbrook Ventures (GBK-V) has added ground to its promising portfolio of projects in the Ungava region of Quebec.The Michael Magrum-led company inked two deals, one with Inlet Res…