Claude in the black in Q1
Benefiting from higher gold prices and improved production, Claude Resources (CRJ-T) made a profit of $600,000 (or 1 per share) in the first quarter, compared with a year-earlier loss of $2 million.R…
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Northern Miner Indices (June 16, 2003)
CompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM-N24.6%NorandaNRD-T4.8%P…
Spot Prices Wednesday June 11, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$354.15-11.15Silver$4.51-0.01Platinum$655.00-14.00…
Canadian Stock Exchange Indices (June 16, 2003)
DateJune 10June 9June 6June 5June 4HighLowTSX Composite7042.706972.427046.887034.87…
Gold adds lustre to dull market
Vancouver — Canada’s junior exchange edged forward as investors picked up selective junior stocks over the week ended June 10. The S&P-TSX Venture Exchange composite index added 7.98 points, or 0.73%…
Daily Metal Prices (June 16, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 10June 9June 6June 5June 4Al Alloy1352/1365…
Niocan expands niobium portfolio
Montreal-based Niocan (NIO-T) has struck a deal to acquire a second niobium property in the James Bay Lowlands from three vendors.Under the deal, Niocan would issue 2 million shares and 600,000 share …
Cumberland expands Meadowbank (June 16, 2003)
Vancouver — Results from last year’s drilling have enhanced the economic prospects of the Meadowbank gold project, 70 km north of Baker Lake in Nunavut.Owner Cumberland Resources (CBD-T) now estimate…
More work, less talk needed in BC
The commentary in the May 26-June 1 issue of The Northern Miner features a PricewaterhouseCoopers report. I quote the following parargraph:”‘Although 2002 has generally been a positive year for the Br…
Lumina banks on higher copper prices
Vancouver — A few years back, when the price of bullion was touching US$260 per oz., several junior explorers began acquiring gold projects in the belief that prices would soon improve. They did, and…
Strike could affect nickel price
The contract of hourly paid workers at two Inco installations in Ontario is about to expire, and concerns are growing that a strike could send already-high nickel prices through the roof.Members of th…
People (June 16, 2003)
Barrick — Alex Davidson appointed executive VP of exploration.Canadian Oil Sands Trust — Allen Hagerman appointed CFO of wholly owned subsidiary Canadian Oil Sands Ltd. which manages the trust.Cu…