Canadian Stock Exchange Indices (June 03, 2002)
DateMay 28May 27May 24May 23May 22HighLowTSX Composite7660.587667.037667.757725.087638.38…
News
The Northern Miner — North American Mining Index (June 03, 2002)
92.43 (+2.83)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (June 03, 2002)
97.52 (+5.64)(Sept. 30/98 = 100)…
Mining stocks survive broad market woes
The release of another cautious U.S. consumer report pushed the Standard & Poor’s 500 index down 8.93 points, or 0.8%, during the holiday-shortened May 22-28 report period. Likewise, the Down Jones In…
Gold fever grips TSX Venture Exchange
Vancouver — With gold stocks leading the way, Canada’s junior exchange continued its upward march over the report period ended May 28. The S&P-TSX Venture Index climbed 22.9 points, or 1.9%, and clos…
Miramar, Hope Bay complete merger
With the merger of Miramar Mining (MAE-T) and Hope Bay Gold now a done deal, the new Miramar is confident its 100% ownership of the Hope Bay project in Nunavut will provide the platform for growth.The…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Producer and Dealer Prices (June 03, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-8.80/lb.Copper: Comex July US$0.757/lb.Indium: Indi…
GREATEST VALUE TRADED, MAY 22-28
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N60948832.0029.9532.00+1.19…
Kennecott comes up empty at Jericho
Kennecott Canada Exploration unsuccessfully tested 20 exploration targets during spring drilling at Tahera’s (TAH-T) wholly owned Jericho diamond project in Nunavut.A number of kimberlite indicator mi…
BHP continues copper cuts
Vancouver — Responding to weak demand for copper, BHP Billiton (BHP-N) says it will extend production cuts at the Escondida and Tintaya operations in Chile and Peru, respectively.In November 2001, th…
Cumberland fills pockets
With gold on the move, Cumberland Resources (CBD-T) has arranged a $10.4-million bought deal with Canaccord Capital, which has agreed to buy 4 million units priced at $2.60 apiece.A unit consists of o…