The Northern Miner Indices (February 23, 2004)
North American Mining: 111.00 (+2.71)Small Producers: 131.07 (+6.16)(Sept. 30/98 = 100)…
News
Cape Town conference brings support from African politicians
Cape Town, South Africa — Improved commodity prices and easier mine financing made for an upbeat mood at the Indaba 2004 meeting, formally known as the Investing in African Mining Conference.Organize…
Pivotal year for Ashton, Soquem in Quebec
A bulk-sampling drilling program is under way at the Foxtrot property in north-central Quebec as Ashton Mining of Canada (ACA-T) and partner Soquem set about recovering a cumulative sample of at least…
Falconbridge soars to higher perch in ’03
Thanks to a strong finish, Falconbridge (FL-T) nearly quadrupled its earnings in 2003.Falco pocketed US$194 million (or US$1.05 a share) on 2003 revenue of US$2.08 billion, compared with US$50 million…
Editorial Cartoon (February 23, 2004)
Exchange Rates (Bank of Canada, Feb. 17)
CurrencyAus $EuroJapan Mex PSA RandUK In C$1.04571.68360.012380.11980.20022.4956…
Exchange Rates (February 23, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 17Feb. 16Feb. 13Feb. 12…
Northern Miner Indices (February 23, 2004)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Canadian Stock Exchange Indices (February 23, 2004)
DateFeb. 17Feb. 16Feb. 13Feb. 12Feb. 11HighLowTSX Composite8767.108747.518694.468725.04…
Gold sparkles on Venture exchange
Vancouver — Canada’s junior exchange continued its bull run during the week ended Feb. 17. The S&P-TSX Venture Exchange composite index closed at 1931.61, up 65.43 points, or 3.5%.Spider Resources an…
Breakwater eyes Boliden’s Myra Falls
Breakwater Resources (BWR-T) has agreed to acquire the Myra Falls zinc-copper mine on Vancouver Island from Swedish miner Boliden (BLS-T).Breakwater will issue 18 million shares plus 5 million warrant…
Gold Fields battered by volatile rand
A tough operating environment at home has spurred Johannesburg-based Gold Fields (GFI-N) to step up a global diversification program.In the past few months, the company acquired the Cerro Corona gold-…