Canadian Stock Exchange Indices (July 14, 2003)
DateJuly 8July 7July 4July 3July 2HighLowTSX Comp7089.607068.437001.886999.786990.30…
News
Cameco mining again at McArthur
Mining has resumed about a month earlier than expected at Cameco’s (CCO-T) McArthur River uranium mine in Saskatchewan.The mine shut down in early April when flooding caused a 10-metre-long portion of…
Newmont lowers Yandal offer (July 14, 2003)
Vancouver — Newmont Mining (NEM-N) has placed its Australian subsidiary, Newmont Yandal Operations, under voluntary administration.The move follows a failed attempt to buy back some US$237 million in…
More kimberlites found at Churchill
The discovery of two more kimberlites during a first pass of drilling on the Churchill project, north of Rankin Inlet in Nunavut, brings the total number of kimberlite bodies found to date to seven.Sh…
Diamondex broadens search
Not to be outdone by the recent kimberlite discoveries near Rankin Inlet and on the Melville Peninsula in Nunavut, Diamondex Resources (DSP-V) has developed its own exploration play in the Northwest T…
Fronteer eyes TSX listing
Vancouver — Fronteer Development Group (FRG-V) has been conditionally approved for a listing on Canada’s major bourse.Trading on the Toronto Stock Exchange is still subject to compliance with all the…
Far North extension adds value to Oyu Tolgoi
Using more than a dozen drill rigs to define the extent of the Far North discovery at Oyu Tolgoi in Mongolia’s South Gobi region, Ivanhoe Mines (IVN-T) is encountering some of the best values to date …
Caution in order despite palladium’s rise
(The following is a second instalment from The Commodity Refiner, a monthly publication of Barclays Capital Research.)Palladium prices recently rose from 6-year lows below US$150 per oz. to more than …
Modest gains for base metals
The Toronto stock market continued its upward trend over the reporting period June 30-July 8, with the TSX composite index rising 106.50 points to close at 7,089.60 for a gain of 1.5%.The TSX gold ind…
SW Res. outlines gold zone
The first hole drilled at the Boka 1 South prospect in southern China has returned a wide zone of gold mineralization.Southwestern Resources (SWG-T) collared the hole, B03-06, about 800 metres south o…
Am Bonanza tests Gold Bar
Vancouver — American Bonanza Gold Mining (BZA-V) has begun drilling at the Gold Bar property in the prolific Battle Mountain-Eureka mineral trend of central Nevada.The junior is testing for bonanza-g…
Mouska team wins rescue prize
A team representing Cambior’s Mouska mine in northwestern Quebec won the provincial mine rescue competition held recently in Val d’Or.Four teams that had won preliminary competitions last fall compete…