Trading Summary (May 26, 2003)
With U.S. markets closed on Monday, the Toronto Stock Exchange managed to scrape together 1.95 points to make 6,784…
News
Mindoro cuts high gold grades at Lobo (May 26, 2003)
Vancouver The initial results from an on going drill program by Edmonton-based Mindoro Resources (MIO-V) have con…
Samira Hill funding in place (May 26, 2003)
A group of lenders led by the African Development Bank (ADB), and including Semafo (SMF-T), has approved a US$27-mi…
International Curator extends Royal County bid
International Curator Resources (IC-T) has extended for a second time its takeover offer Royal County Minerals (RMI…
Editorial Cartoon (May 26, 2003)
The Northern Miner Indices (May 26, 2003)
North American Mining: 67.16 (+0.46)Small Producers: 77.28 (+13.25)(Sept. 30/98 = 100)…
American Bonanza eyes Arizona’s high-grade potential
Having completed a $4-million equity financing at the first of the year, which saw Goldcorp (G-T) acquire a 10% stake in the company, American Bonanza Gold Mining (BZA-V) is in the midst of an undergr…
New gold trusts launched
With gold prices on the rise, several gold-bullion investment vehicles are sprouting up in Canada, the U.S. and Australia.In Canada, the managers behind North America’s only publicly traded bullion fu…
Merger afoot for Minera Andes and La Mancha
Vancouver — Juniors Minera Andes (MAI-V) of Spokane, Wash., and La Mancha Resources (LMA-V) of Vancouver, B.C., are combining in an attempt to advance their projects in Argentina.Under the proposed m…
Hecla advances Don Sergio
Having drilled off a modest resource, Hecla Mining (HL-N) plans to develop a satellite operation at Cerro Pedernalillo, 6 km from its San Sebastian silver mine in Durango state, Mexico.The new develop…
Suppliers Roundup (May 26, 2003)
Explosives giants seal dealNorwegian-based Dyno Nobel Holding and Connecticut-based Ensign-Bickford Co. have combined their commercial explosives businesses. The deal was first announced in September …
North American Palladium coasts on stronger loony
The weaker U.S. dollar has enabled North American Palladium (PDL-T) to overcome substantial increases in operating expenses and income taxes.Net earnings topped $8.4 million (or 17 per share) on $41….