Canadian Stock Exchange Indices (July 28, 2003)
DateJuly 22July 21July 18July 17July 16HighLowTSX Composite7185.18…
News
Rio Tinto, BP unload Kaltim
The biggest deal of the period was the proposed sale by Rio Tinto and BP of their 50-50 Indonesian joint venture, PT Kaltim Prima Coal, to Jakarta-listed Bumi Resources for US$500 million in cash and …
Buying trend buoys junior exchange
Vancouver — Canada’s junior exchange rallied near the end of the week ended July 22, with investors buying select diamond and gold-related stocks. The S&P-TSX Venture Exchange composite index gained …
Kimberlites elude Majescor
After drill-testing 11 geophysical targets at its Portage project in Quebec, Majescor Resources (MAJ-V) reports that no kimberlite was intersected.The company used a reverse-circulation rig to sample …
Central Gold-Trust closes IPO, buys gold (July 28, 2003)
North America’s first gold- bullion trust, Central Gold-Trust (GTU.UN-T), has raised $46 million and closed its initial public offering.Gold-Trust raised C$40 million by placing 2 million units priced…
Aker Kvaerner loses case, must pay US$137m
Engineering firm Aker Kvaerner is expected to appeal a Nevada court ruling that says it must pay damages of US$136.9 million plus interest and legal costs to Australia’s Equatorial Mining.If the appea…
Spot Prices Wednesday July 23, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$352.20+9.20Silver$4.83+0.16Platinum$690.00+5.00P…
Trading Summary (July 25, 2003)
The Toronto Stock Exchange finished the week marginally higher on Friday; the TSX Composite index rising 11.18 poin…
Cambior pulls gold mineralization at Westwood
Drilling by Cambior (CBJ-T) at its Westwood property in northwestern Quebec has intersected gold mineralization at…
Stillwater sinks deep into the red
Vancouver Some US$15.8 million in acquisition charges drove Stillwater Mining (SWC-N) deep into the red during th…
Claire Derome packs it in (July 25, 2003)
Claire Derome, the highest-level female mining executive in North America,is stepping down as president and CEO o…
Trading Summary (July 24, 2003)
While markets in the U.S. dropped across the board, trading on the Toronto Stock Exchange managed to continue its…