Barrick earnings flat (July 29, 2003)
Barrick Gold’s (ABX-T) earnings came in flat at US$59 million (or US11 per share) for the three months ended June…
News
BHP Far West hit hot hole
Vancouver One of the 13 reverse circulation drilled holes collared on the Candelaria iron oxide copper-gold proje…
Trading Summary (July 28, 2003)
The Toronto Stock Exchange ended Monday’s trading session 21.92 points higher at 7,284.54 with all but three subind…
Noranda slashes dividend, posts loss
Facing $4.1 billion in net debt, Noranda (NRD-T) is slashing its traditionally juicy divided by 40%.The surpris…
Phelps Dodge trims losses (July 28, 2003)
Vancouver The World’s second largest copper producer made it nine consecutive quarters without a profit by tallyi…
Workshops to address cyanide
Two workshops designed to educate people about the International Cyanide Management Code have been rescheduled for Aug. 20-21 in Johannesburg, South Africa.The first workshop will explain how mining c…
Gabriel’s Romanian woes
Having already scrapped a $28-million bought-deal financing, Gabriel Resources (GBU-T) has nixed its backup plan to sell the 10 million shares at $2.80 apiece on a best-efforts basis.Proceeds from the…
Metals Commentary: Restarts augur well for copper
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current copper and lead markets.)The outlook for global copper supplies i…
Lending Rates (July 28, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
The Northern Miner Indices (July 28, 2003)
North American Mining: 77.69 (+3.53)Small Producers: 74.77 (+2.99)(Sept. 30/98 = 100)…
Bambari drilling turns up gold at depth (July 28, 2003)
Drilling by Axmin (AXM-V) at the Bambari property in the Central African Republic has confirmed mineralization at depth below the surface gold occurrence knows as the French Camp prospect.The four mos…
Quebec still incentive leader
After the Quebec election in early June, Jean Charest’s newly elected Liberal government said its 2003-2004 budget would pare back tax credits and tax holidays for businesses. Despite the cuts, Quebec…