Canadian Stock Exchange Indices (June 30, 2003)
DateJune 24June 23June 20June 19June 18HighLowTSX Composite6988.887014.667070.917078.48…
News
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, …
Niocan soars on Oka approval
Shares in Montreal-based Niocan (NIO-T) jumped 25, or around 42%, to 85 in early afternoon trading in Toronto on June 18, after the Administrative Tribunal of Quebec approved the company’s Oka niobi…
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, …
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$11.50…
Freeport-McMoRan to redeem gold-linked preferreds (June 30, 2003)
Freeport-McMoRan Copper & Gold (FCX-N) is proceeding with the forced redemption, on Aug. 1, of its gold-denominated preferred B stock, which trades on the New York Stock Exchange using the ticker symb…
Spot Prices Wednesday June 25, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$347.85-13.40Silver$4.51-0.06Platinum$670.00+8.00…
Northern Miner Indices (June 30, 2003)
CompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM-N24.6%NorandaNRD-T4.8%P…
Phelps buys evaluation tool
Phelps Dodge Mining, the world’s second-largest producer of copper, has ordered its third QemSCAN system, a device that automatically analyzes crushed ore and drilled samples.The technology employs an…
Partners step up drilling at Copler
Follow-up drilling by partners Rio Tinto (RTP-N) and Anatolia Minerals Development (ANOU-V) has intersected gold mineralization north of the Main zone at the Copler prospect in Turkey.Hole 54A, collar…
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…
Burnstone’s Area 1 grows
Following more than 20,000 metres of infill drilling on the Burnstone gold project in South Africa, Great Basin Gold (GBG-V) has raised mineral resources in the Area 1 deposit.Based on a cutoff grade …