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…
News
US markets have tough week
If the U.S. equity markets were indeed beginning a bullish phase, then the trading period June 18-24 was another slide down the wall of worry. The Dow Jones industrial average gave back 213.17 points,…
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…
Producer and Dealer Prices (June 30, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.90-11.00/lb.Copper: Comex Sept. US$0.7735/lb.Indium: Indium Corp., ingot, US$140/kg.Irid…
Canadian Stock Exchange Indices (June 30, 2003)
DateJune 24June 23June 20June 19June 18HighLowTSX Composite6988.887014.667070.917078.48…
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…