Cumberland exercises warrants
Vancouver — Cumberland Resources (CBD-T) has exercised share purchase warrants originating from a $14.7-million financing in June 2002, raising $5.1 million in the process.As a result, Cumberland’s w…
News
Exchange Rates (June 30, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 24June 23June 20June 19June 18US$ in C$1.36101.33921.35921.3…
Producer and Dealer Prices (June 30, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.90-11.00/lb.Copper: Comex Sept. US$0.7735/lb.Indium: Indium Corp., ingot, US$140/kg.Irid…
Canadian Stock Exchange Indices (June 30, 2003)
DateJune 24June 23June 20June 19June 18HighLowTSX Composite6988.887014.667070.917078.48…
Gold stocks lose out as bullion price dips
Vancouver — Canada’s junior exchange felt the impact of a plunging bullion price during the week ended June 24. The S&P-TSX Venture Exchange composite index lost 15.39 points, or 1.37% of its value, …
Laurentian to offer PhD
Laurentian University in Sudbury, Ont., will offer students a PhD program in mineral deposits and Precambrian geology. The new program is the first doctorate degree offered there.The Department of Ear…
McWatters trims production estimate
Lower-than-expected-grades at its Sigma-Lamaque open-pit operation in Val d’Or, Que., have McWatters Mining (MWA-T) looking to raise up to $7 million to remove troublesome waste.A syndicate, led by Du…
Queenstake bankrolls Jerritt Canyon
Vancouver — A brokered private placement financing worth $21 million will allow Queenstake Resources (QRL-T) to acquire the Jerritt Canyon gold mine in Nevada’s Elko Cty.Regulators have yet to approv…
Tournigan expands drilling in Northern Ireland
Vancouver — Tournigan Gold (TVC-V) has added a second diamond drill rig to its Tyrone project in Northern Ireland.The main target on the 346-sq.-km property is the Curraghinalt deposit, though severa…
Daily Metal Prices (June 30, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 24June 23June 20June 19June 18Al Alloy1342/135…
US markets have tough week
If the U.S. equity markets were indeed beginning a bullish phase, then the trading period June 18-24 was another slide down the wall of worry. The Dow Jones industrial average gave back 213.17 points,…
ASIO alleges plot to kill Gutnick
During a raid on a suspected terrorist cell, Australia’s Security Intelligence Organisation unearthed an aborted plot by al-Qaeda to kill Jewish mining magnate Joseph Gutnick.The raid uncovered maps, …