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…
News
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$30.3 million (or US12 per share) for the year, on US$…
First Quantum tables Kansanshi report
An independent feasibility study has given First Quantum Minerals (FM-T) the green light to develop the Kansanshi copper deposit in Zambia.The study, prepared by GRDMinproc of Australia, concludes tha…
Sigma reopens
McWatters Mining’s (MWA-T) gold mill at the Sigma open-pit operations in Val d’Or, Que., has resumed commercial production. The mill began its ramp-up in late November, after capacity was boosted to 5…
Editorial Cartoon (February 24, 2003)
CAMESE releases compendium
The Canadian Association of Mining Equipment and Services for Export has released its seventh annual CAMESE Compendium of Canadian Mining Suppliers.The 164-page directory contains information on more …