Market stats point to summer slump
Canada’s junior exchange lost ground over the week ended April 29 as investors anticipated an annual summertime sell-off. The S&P-TSX Venture Exchange composite index shed 16.62 points, or 1.58% of it…
Articles by Northern Miner Staff
Lending Rates (May 05, 2003)
as of 4 pm ET, Apr. 29, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.31LIBOR US$ 6-month1.29LIBOR US$ 1-year1.36Gold …
Mag drills in Zecatecas state
Vancouver — Mag Silver (MAG-V), formerly Mega Capital Investments, will perform 3,500 metres of drilling on the Juanicipio silver project in Mexico’s Zecatecas state.The newly minted junior is target…
Richmont in black for first quarter (May 05, 2003)
In the recent first quarter, Richmont Mines (RIC-T) earned less than in the fourth quarter of 2002 but more than in the first quarter of that year.The gold producer earned $371,268 (or 2 per share) o…
Northern Miner Indices (May 05, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
The Northern Miner Indices (May 05, 2003)
North American Mining: 64.47 (-3.38)Small Producers: 58.30 (-4.90)(Sept. 30/98 = 100)…
IMA rides the Patagonia silver bullet
Gastre, Argentina — Spectacular silver assay results highlight the new, grassroots Navidad discovery in the Patagonia region of southern Argentina.Geologists for IMA Exploration (IMR-V) found bonanza…
Falco boosts earnings in first quarter
Stronger metal prices and sales volumes pushed Falconbridge (FL-T) to a higher perch during the first quarter.Net earnings topped $60.5 million (or 32 per share) in the three months ended March 31 as…
Agnico-Eagle buys out Breakwater at Lapa (May 05, 2003)
Hungry to expand beyond its single LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) has struck a deal to acquire Breakwater Resources’ (BWR-T) interest in the Lapa high-grade gold …
Editorial Cartoon (May 05, 2003)
Now for a cultural change
It was fully a year ago that we were writing about the New York Attorney General’s investigation into investment research at several major U.S. brokerage houses. New York State prosecutors had gone th…
LME Warehouse Levels (May 05, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 29 (change from April 22 in brackets):MetalStock(tonnes)ChangeAluminium119100(-…