FNX, Dynatec table McCreedy West resource (February 24, 2003)
With production scheduled to begin in weeks, partners FNX Mining (FNX-T) and Dynatec (DY-T) have tabled resource es…
Articles by Northern Miner Staff
TSX roars despite gold’s withdrawal
Buyers outpaced sellers over the Feb. 12-18 report period to push the Toronto Stock Exchange composite index up an impressive 118.51 points, finishing at 6,592.55.Gold, which had soared of late, was y…
Stillwater sinking
During the report period ended Feb. 18, Stillwater Mining Chairman Francis McAllister gave the company’s dwindling ranks of true believers more reason for doubt, telling listeners, during a conference…
Western markets lacklustre
Canada’s junior exchange closed the week ended Feb. 18 in lacklustre fashion. The S&P-TSX Venture Exchange composite index lost 6.15 points, or 0.56% of its value, to close at 1,088.33.Investors conti…
Exchange Rates (February 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12US$ in C$1.51481.52091.51881.5…
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…
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…