Northern Miner Indices (February 24, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Articles by Northern Miner Staff
Canico buys out Inco in Brazil
Vancouver — Canico Resource (CNI-V) has raised enough funds to acquire Inco’s (N-T) Ona-Puma nickel laterite project in Brazil’s Para state.Recent financings allowed the junior to fulfil its require…
Golden Star closes $51m financing (February 24, 2003)
Golden Star Resources (GSC-T) has completed an over-subscribed, bought-deal offering, raking in gross proceeds of $51 million.Led by brokers Canaccord Capital and BMO Nesbitt Burns, the private placem…
Taconite helps make raceway safer and faster
The full-throttle roar of engines and rowdy fans have not been heard since late October at the Brainerd International Raceway (BIR) in north-central Minnesota, but not all is silent. More than 600 ton…
Quality of gov’t material questioned
I recently attended the Cordilleran Exploration Roundup in Vancouver, B.C., where the Federal Department of Fisheries and Oceans (DFO) distributed inappropriate material.As Yukon and British Columbia …
Diamond raffle helps hospital
Vancouver — On May 24, a 1.06-carat diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for British Columbia’s Children’s Hospital.The raffle is part of the 16th a…
Cameco earnings lower
Year-end results from Cameco (CCO-T) show the uranium producer with lower earnings but higher revenues and cash flow, compared with 2001. The company earned $46 million (or 83 per share) on revenue o…
Grade still king at Goldcorp; Glamis
Low-cost production from the Red Lake mine in northwestern Ontario gave Goldcorp (G-T) earnings of US$65.6 million (US37 per share) on revenues of US$185.2 million in 2002.The year-end results repres…
Canadian Stock Exchange Indices (February 24, 2003)
DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12HighLowTSX Compo…
GREATEST VALUE TRADED, FEB. 12-18
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N52265528.4426.5127.18-1.32…
Spot Prices Wednesday February 19, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$347.20-15.95Silver$4.58+0.01Platinum$672.00-20.00…
Daily Metal Prices (February 24, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12Al Alloy1470/141…