Golds slump as base metals follow suit
The Toronto Stock Exchange’s composite index lost 114.61 points, or 1.6% of its value, during the June 18-24 report period, largely as a result of the weaker gold price. The yellow metal lost US$11.50…
News
Silver protects swimmers
Inadequate cleaning and safety procedures at public swimming pools could be exposing millions of people to harmful bacteria that cause diarrhea and other illnesses, according to a report by the U.S. g…
People (June 30, 2003)
Ariane — Leanne Baker appointed to board of directors.BacTech — Brad Marchant appointed CEO.Bishop — Arthur Fisher appointed manager of resource development.Brett…
PFN cuts more PGMs at River Valley
Vancouver — Pacific North West Capital (PFN-T) has released encouraging values from its sixth-phase drill program at the River Valley project, near Sudbury, Ont.One of two rigs is testing the Dana La…
Montcalm looking good for Falco
Falconbridge (FL-T) has outlined a positive development plan for its Montcalm nickel-copper project, 70 km northwest of Timmins, Ont.The Dighem Syndicate discovered the Montcalm deposit in 1976, and i…
Norilsk completes Stillwater purchase
Russia’s Norilsk Nickel has completed its acquisition of 51% of Montana-based Stillwater Mining (SWC-N) by taking delivery of 45.5 million freshly printed shares.In return, Norimet, Norilsk’s London-b…
Trading Summary (June 27, 2003)
The Toronto Stock Exchange’s diversified metals & mining index pulled out of its recent mini-funk, adding 1.71 poin…
Foxtrot yields large stone
Vancouver Ashton Mining of Canada (ACA-T) has recovered a stone measuring 8.8-by-8.2-by-4.8 mm from the Renard 65…
Kwale mining lease rubber-stamped
Kenya’s minister of natural resources has officially approved a special mining lease for Tiomin Resources’ (TIO-T)…
Southwestern drills Liam
Vancouver — Southwestern Resources (SWG-T) has launched a 2,000 metre drill program on the Liam silver property in…
Hawk lands at AfriOre’s FSC project
Hawk Precious Minerals (HAWK-U) has agreed to take up to a half-interest in AfriOre’s (AFO-T) 1,090-sq.-km FSC gold…
Queenstake raises Jerritt funds
Queenstake Resources (QRL-T) has closed its previously announced brokered private placement of 105 million subscrip…