McWatters raises more cash (May 05, 2003)
The underwriters of a public equity offering have exercised an over-allotment option, netting McWatters Mining (MWA…
Articles by Northern Miner Staff
Record output powers Rio Narcea turnaround
Buoyed by record gold production from its El Valle mine in Spain, Rio Narcea Gold Mines (RNG-T) staged an impressive turnaround in 2002, earning US$9.7 million.The earnings translate into US13 per sh…
Stillwater awaits OK for Norilsk deal
Vancouver — Timing is crucial in the ever-volatile metals market, and this lesson is not lost on Stillwater Mining (SWC-N).Less than two years ago, when the price of palladium was soaring, the compan…
Market stats point to summer slump
Canada’s junior exchange lost ground over the week ended April 29 as investors anticipated an annual summertime sell-off. The S&P-TSX Venture Exchange composite index shed 16.62 points, or 1.58% of it…
Mag drills in Zecatecas state
Vancouver — Mag Silver (MAG-V), formerly Mega Capital Investments, will perform 3,500 metres of drilling on the Juanicipio silver project in Mexico’s Zecatecas state.The newly minted junior is target…
IMA rides the Patagonia silver bullet
Gastre, Argentina — Spectacular silver assay results highlight the new, grassroots Navidad discovery in the Patagonia region of southern Argentina.Geologists for IMA Exploration (IMR-V) found bonanza…
Falco boosts earnings in first quarter
Stronger metal prices and sales volumes pushed Falconbridge (FL-T) to a higher perch during the first quarter.Net earnings topped $60.5 million (or 32 per share) in the three months ended March 31 as…
Agnico-Eagle buys out Breakwater at Lapa (May 05, 2003)
Hungry to expand beyond its single LaRonde gold mine in northwestern Quebec, Agnico-Eagle Mines (AGE-T) has struck a deal to acquire Breakwater Resources’ (BWR-T) interest in the Lapa high-grade gold …
Editorial Cartoon (May 05, 2003)
Now for a cultural change
It was fully a year ago that we were writing about the New York Attorney General’s investigation into investment research at several major U.S. brokerage houses. New York State prosecutors had gone th…
Producer and Dealer Prices (May 05, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-9.60/lb.Copper: Comex July US$0.729/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Chesbar updates Sechol
Improvements in the nickel market have spurred Chesbar Resources (CBI-T) to modify its metallurgical study of the Sechol laterite deposits in east-central Guatemala.Chesbar’s consultants will now esti…