Northern Miner Indices (November 24, 2003)
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…
News
Gold outshines the TSX
The Toronto Stock Exchange’s gold index mirrored the yellow metal’s performance during the Nov. 12-18 report period, ending with a surge to sit 9.01 points higher at a new year-high mark of 226.70.Gol…
Golds rebound on mixed week
The major bourses south of the border picked up where they left off. The Dow Jones Industrial Average ended the Nov. 12-18 period off 224.67 points at 9624.16, while the Standard & Poor’s 500 index dr…
Bullion drives junior exchange
Vancouver — Canada’s junior exchange moved higher as bullion flirted with the US$400-per-oz. mark over the week ended Nov. 18. The S&P-TSX Venture Exchange composite index tacked on 31.90 points, or …
McWatters limps to another quarterly loss
Troubled Quebec miner McWatters Mining (MWA-T) limped to a net loss of $5.9 million for the three months ended Sept. 30.The loss translates into a penny per share, and compares with a year-earlier los…
American Bonanza proves up Copperstone
Vancouver — Initial results from an ongoing 9,000-ft. program of underground drilling have confirmed the high-grade nature of the D zone on the Copperstone gold project in Arizona.American Bonanza Go…
Thistle bulks up resources at Steyn (November 24, 2003)
Re-evaluation of existing drill data at the President Steyn gold mine near Welkom, South Africa, has identified two large blocks of mineralization, inducing owner Thistle Mining (THT-T) to carry out f…
‘Mineropoly’ wins Junior Miner contest
Ten-year-old Trevor Smith of Toronto has won this year’s Junior Miner of Ontario award for creating a board game that stresses the use of mined materials in everyday items.Smith took home the $150 top…
Trading Summary (November 21, 2003)
The Toronto Stock Exchange ended the week on a sour note dropping 26.19 points to 7,783.59. Pharmaceutical company…
Goldcorp eyes Rubicon ground
Vancouver Boosting the size of its Red Lake property portfolio, Goldcorp (G-T) has inked a deal to take a majorit…
Watered-down grades hurt Semafo’s quarter (November 21, 2003)
Montreal-based Semafo (SMF-T) closed out the third quarter of 2003 with a $3-million loss (4 per share), largely a…
European Minerals ups Varvarinskoye reserves
A review by Arizona-based Mintec has boosted proven and probable reserves at European Minerals’ (EPMu-T) Varvarinsk…