Canadian Stock Exchange Indices (June 02, 2003)
DateMay 27May 26May 23May 22May 21HighLowTSX Composite6840.24…
News
Yandal time-bomb keeps ticking
To the consternation of its hedging counterparties and noteholders, Newmont Mining (NEM-N) is making a bold move to clean up a financial mess at its wholly owned Newmont-Yandal gold-mining subsidiary …
Bema adds South African production
The acquisition of the Petrex mines in South Africa is expected to provide Bema Gold (BGO-T) with an additional 200,000 oz. of gold production per year, adding to its 100,000-oz. annual production bas…
Partners find kimberlite near Rankin Inlet
Led by promising indicator mineral chemistry, Cumberland Resources (CBD-T) and Comaplex Minerals (CMF-T) have intersected a kimberlite-pipe-like body in the first drill hole of a program designed to t…
First Quantum, BHP ink Copperbelt JV
Preliminary results have prompted BHP Billiton (BHP-N) to sign a joint-venture agreement with First Quantum Minerals (FM-T) to continue exploring the Zambian Copperbelt.The deal, essentially an extens…
Coloured gemstones
Thanks to Chuck Fipke, the entire mining industry, along with most other Canadians, realize that there are mineral commodities aside from metals worth exploring for. Whereas only a handful of companie…
Contagion spreads
The most recent numbers show 11 “probable” and 41 “suspected” cases of Severe Acute Respiratory Syndrome in southern Ontario. Something like 2,000 people, potentially exposed over the past week, have …
Editorial Cartoon (June 02, 2003)
Global industrial production and what it means for mining, Part 1
The focus of most analysis of the world economy continues to be the “developed” countries, and understandably so. These countries, commonly represented by the Organization for Economic Co-operation an…
LionOre’s bottom line bolstered
Vancouver — A stellar performance by the Australian operations LionOre Mining International (LIM-T) catapulted the nickel and gold miner to a profitable first quarter.The company earned US$9.1 millio…
Base metal miners advance
Buoyed by renewed strength in base metals prices, particularly in the nickel market, most of the base metal majors made gains during the report period ended May 27.Pechiney eased up 4 to US$14.05 as …
Base metal fundamentals improving?
About of statistical metal releases has just arrived, and in this short report we offer an analysis of the latest data on copper, nickel, lead and zinc from their respective International Study Groups…