Trading Summary (June 23, 2003)
A US$3.20-per-oz. drop in the price of gold sent Toronto’s gold stocks 4.87 points lower to 168.05 on Monday. The y…
News
Drills turn at Copler
Recent follow-up drilling by partners Rio Tinto (RTP-N) and Anatolia Minerals Development (ANOu-V) has cut gold min…
High River fills in Berezitovoye
High River Gold Mines (HRG-T) has tabled the results of a 25-hole infill drill program at its Berezitovoye gold pro…
Redcorp launches $1.6m program
Vancouver — Redcorp Ventures (RDV-T) will carry out 8,000 metres of surface and underground drilling at the Tulsequah polymetallic project in northwest British Columbia.The junior aims to find extens…
Daily Metal Prices (June 23, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 17June 16June 13June 12June 11Al Alloy1360/136…
Stillwater says ‘da’ to Norilsk Nickel
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 51% of the Montana-based company.About 82.9% of the votes cast at a special meeting in…
LME Warehouse Levels (June 23, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 17 (change from June 10 in brackets):MetalStock(tonnes)ChangeAluminium1115150(-1…
New diamond province emerging in Europe
A new diamond province is quietly taking shape in Finland, where AIM-listed European Diamonds (EPD-LSE) is drill-testing several targets discovered by a combination of surface sampling and geophysics….
Diavik diamonds command a premium for Aber
The first stones recovered from Canada’s $1.3-billion Diavik complex in the Northwest Territories have been sold at prices exceeding expectations.In April, Aber Diamond (ABZ-T) reported its first parc…
The Northern Miner Indices (June 23, 2003)
North American Mining: 76.06 (+3.72)Small Producers: 71.33 (+4.40)(Sept. 30/98 = 100)…
Breakwater polishes Langlois study
An updated feasibility study of the Langlois base metal mine in northwestern Quebec has Breakwater Resources (BWR-T) eyeing about $10 million more in cash flow.The study takes into account the recentl…
Diamonds glitter on junior market
Vancouver — Canada’s junior exchange experienced a surge in diamond-related issues during the week ended June 17. The S&P-TSX Venture Exchange composite index jumped 17.36 points, or 1.58%, and close…