Canadian Stock Exchange Indices (November 10, 2003)
DateNov. 3Oct. 31Oct. 30Oct. 29Oct. 28HighLowTSX Composite7843.477772.707739.417730.48…
News
Junior exchange soars to new highs
Vancouver — Canada’s junior exchange surged forward over the week ended Nov. 4 as resource stocks continued to spark investor interest. The S&P-TSX Venture Exchange composite index rose 92.8 points, …
Newmont’s profits take flight in 3rd quarter
Vancouver — Higher bullion prices enabled Newmont Mining (NEM-N) to post dramatically higher profits for the third quarter.The Denver-based company earned US$114.4 million (or US28 per share), compa…
Review may urge World Bank to halt mining finance
A report now being prepared by an outside review committee will recommend significant changes to the way World Bank agencies fund projects in the resource industries, The Northern Miner has learned.Th…
Alcoa cited by Hungarian mag
A Hungarian business magazine has given its “corporate citizenship” award to the Alcoa-Kofem fabricated aluminum plant in Szekesfehervar for its work in the local community.Figyelo magazine commends A…
Most Russians survive ordeal
Eleven of the 13 men trapped in a flooded mine in southern Russian have survived the 6-day ordeal. Of the two remaining miners: one has died, and the other is missing.As many as 800 rescuers dug throu…
Barrick buys into QGX (November 10, 2003)
Barrick Gold is joining the Mongolian gold rush by acquiring a 9.5% interest in Waterdown, Ont.-based junior QGX (QGX-V).The major has signed on for 3 million QGX shares priced at $4 apiece, a hefty d…
Spot Prices Tuesday, Nov. 4, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$378.30-8.25Silver$4.93-0.22Platinum$742.00-5.00P…
Low palladium prices hamper Stillwater
Lower palladium prices have forced Stillwater Mining (SWC-N) to record a loss of US$1.6 million for the three months ended Sept. 30.The US2-per-share slump came on revenue of US$58.2 million and comp…
SW Res. cuts more gold at Boka 7
Vancouver — Southwestern Resources (SWG-T) has tabled encouraging assay results from drill holes collared north of the existing tunnels at the Boka 7 zone on the Boka gold project in China’s Yunnan p…
Dianor steps up diamond search in Ontario
Diamond junior Dianor Resources (DOR-V) has picked up an option to earn into Eastmain Resources’ (ER-T) Abitibi Extension project, north of Dianor’s Cluster project, near Kirkland Lake in northern Ont…
Linear takes on MIM projects (November 10, 2003)
Linear Resources (LRR-V) has closed its acquisition of Australian miner MIM’s Central American exploration projects, giving the Halifax-based explorer a presence in Mexico, Panama and the Dominican Re…