Trading Summary (February 24, 2003)
The bears had a firm grip on the bulls’ nose rings in trading on Monday, with the TSX Composite index off 56.33 poi…
News
McWatters extends reach in northwestern Quebec
Two transactions, one with Quebec mining enterprise SOQUEM and another with Barrick Gold (ABX-T) will give McWatter…
Canico releases Onca drill results
Vancouver — Canico Resource (CNI-V) has tabled results from the first 77 holes in the company’s ongoing drill prog…
FNX, Dynatec table McCreedy West resource (February 24, 2003)
With production scheduled to begin in weeks, partners FNX Mining (FNX-T) and Dynatec (DY-T) have tabled resource es…
TSX roars despite gold’s withdrawal
Buyers outpaced sellers over the Feb. 12-18 report period to push the Toronto Stock Exchange composite index up an impressive 118.51 points, finishing at 6,592.55.Gold, which had soared of late, was y…
Goldminco gains assets
Vancouver — The takeover of AurionGold by Placer Dome (PDG-T) has paved the way for Goldminco (GCP-V) to pick up 2,516 sq. km of promising ground Down Under.The Perth-based junior acquired two Philip…
Stillwater sinking
During the report period ended Feb. 18, Stillwater Mining Chairman Francis McAllister gave the company’s dwindling ranks of true believers more reason for doubt, telling listeners, during a conference…
Western markets lacklustre
Canada’s junior exchange closed the week ended Feb. 18 in lacklustre fashion. The S&P-TSX Venture Exchange composite index lost 6.15 points, or 0.56% of its value, to close at 1,088.33.Investors conti…
Exchange Rates (February 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12US$ in C$1.51481.52091.51881.5…
Northern Miner Indices (February 24, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Barrick looks for 2003 turnaround
The message is out from Barrick Gold (ABX-T): the management shakeup that saw director Gregory Wilkins replace Randall Oliphant as chief executive officer is part of an effort to restore the company’s…
PT Inco triples earnings
Higher nickel prices allowed Inco’s (N-T) Indonesian subsidiary to triple its earnings in 2002 despite lower production numbers.PT Inco earned US$30.3 million (or US12 per share) for the year, on US$…