Trading Summary (March 22, 2004)
The Toronto Stock Exchange’s subindices finished lower across the board on Monday, sending the S&-TSX composite…
Articles by Northern Miner Staff
Placer Dome boss calls it quits
In a surprise move, Placer Dome (PDG-T) CEO Jay Taylor has announced that he will retire at the end of Septe…
Meadowbank “surprise” fells Cumberland
Shares in Cumberland Resources (CLG-T) shed another 25% on Monday, after the Vancouver-based miner said that…
Grand Central climbs on gold discovery (March 22, 2004)
Shares of Grand Central Silver Mines (GSLM-PK) have doubled, tripled and quadrupled in recent months, follow…
Land-use deal Down Under
A ground-breaking A$38-million land-use agreement between Aussie mining giant Hamersley Iron and the Eastern Guruma indigenous people of Western Australia’s Pilbara region has been signed after six ye…
Exchange Rates (March 22, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 16March 15March 12March 11March 10US$ in C$…
Canadian Stock Exchange Indices (March 22, 2004)
DateMarch 16March 15March 12March 11March 10HighLowTSX Composite8503.278434.418592.048503…
Ivanhoe honoured for Oyu Tolgoi
Ivanhoe Mines (IVN-T) Chairman Robert Friedland has been known to wax eloquently about his company’s mining projects scattered throughout the globe but before he took the stage at the annual awards ce…
Canada overtakes South Africa in diamond value
With two diamond mines already established and three projects at the permitting stages, Canada will surpass South Africa this year in terms of diamond production value and move into third place, behin…
Meridian profits from El Peon
Reno-based Meridian Gold (MNG-T) made a net profit of US$36.8 million in 2003, reflecting the stellar operating performance of the El Peon mine, 160 km southeast of Antofagasta in Chile.The high-grad…
Editorial Cartoon (March 22, 2004)
Falconbridge OKs Nickel Rim South
Falconbridge (FL-T) has approved a US$368-million program of definition drilling underground at its Nickel Rim South deposit in Sudbury, Ont.The program is expected to last five years and will begin i…