McWatters raises more cash (May 05, 2003)
The underwriters of a public equity offering have exercised an over-allotment option, netting McWatters Mining (MWA…
News
Goldcorp lifts bottom line (May 05, 2003)
The turnaround in gold prices, combined with higher sales volumes, enabled Goldcorp (G-T) to overcome weaker production and record higher profits in the first quarter.Net earnings topped US$14.4 milli…
Juneau thrives on mining
The seaport city of Juneau, Alaska, owes its existence to the rich orebodies discovered there more than 100 years ago. In fact, a vast number of communities throughout the North American west were fou…
Canada made right decision
I am surprised by the number of letters you are publishing concerning the U.S. attack on Iraq. I am especially surprised by the simplistic take on Canada’s decision to remain neutral, as lamentably de…
Subdued demand for copper and lead
The following is the third of four instalments culled from The Commodity Refiner, published by London, U.K.-based Barclays Capital Research. This week we offer an overview of copper and lead markets.C…
Record output powers Rio Narcea turnaround
Buoyed by record gold production from its El Valle mine in Spain, Rio Narcea Gold Mines (RNG-T) staged an impressive turnaround in 2002, earning US$9.7 million.The earnings translate into US13 per sh…
Profit-takers step in
The Toronto Stock Exchange moved lower over the report period April 23-29, with profit-taking marking the end of a rally that lasted more than three weeks. The TSX Composite index fell 37.53 points to…
Stillwater awaits OK for Norilsk deal
Vancouver — Timing is crucial in the ever-volatile metals market, and this lesson is not lost on Stillwater Mining (SWC-N).Less than two years ago, when the price of palladium was soaring, the compan…
Canada took ‘balanced’ approach
Since the beginning of the U.S. military intervention in Iraq, opinions expressed in The Northern Miner have reached a highly emotional level. In fact, some of the comments, mostly relating to the pos…
Asbestos settlement looms
An agreement to create a privately financed US$100-billion trust to diminish the flood of asbestos lawsuits clogging up the U.S. court system is gaining momentum south of the border.The trust would en…
Hushovd strengthens grip on Gabriel
In the wake of a tumultuous past few months for Gabriel Resources (GBU-T), characterized by a plummeting share price, management turnover, and a surprising rise in projected costs for its Rosia Montan…
Market stats point to summer slump
Canada’s junior exchange lost ground over the week ended April 29 as investors anticipated an annual summertime sell-off. The S&P-TSX Venture Exchange composite index shed 16.62 points, or 1.58% of it…