Trading Summary (May 12, 2003)
The Toronto Stock Exchange gained 67.47 points or 1% to 6,717.5 with all of its subindices ended in the black. The…
News
No waiver for Goldstream-Willa (May 12, 2003)
Vancouver The British Columbia Environmental Assessment Office will not grant the Goldstream Willa project a waiv…
Majescor raises $900,000
Vancouver Montreal-based Majescor Resources (MAJ-V) will sell a private placement financing for a gross proceeds…
Aurizon advances Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has privately placed 3.7 million flow-through shares at $1.35 apiece to raise…
Placer Dome enjoys record quarterly profit
Vancouver — Increased production and a higher realized gold price enabled Placer Dome (PDG-T) to generate record earnings in the first quarter.The company earned US$64 million (or US16 per share) on…
Editorial Cartoon (May 12, 2003)
The Northern Miner Indices (May 12, 2003)
North American Mining: 66.80 (+2.33)Small Producers: 63.27 (+4.97)(Sept. 30/98 = 100)…
Intrepid looks to Argentina
Calingasta, Argentina — The acquisition of the Casposo gold-silver project in the province of San Juan provides Intrepid Minerals (IAU-V) with a platform for growth in Argentina.The Toronto-based jun…
Nickel demand rises while zinc slips
The following is the last of four instalments of The Commodity Refiner, published by London, U.K.-based Barclays Capital Research. This week we offer an overview of nickel and zinc markets.NickelVolat…
Globestar eyes producer status in Dominican Republic
Santo Domingo, Dominican Republic — Globestar Mining (GMI-V) (formerly TGW Corp.) has taken a step toward joining the ranks of mid-tier base metal producers by signing a mining resolution for its Cer…
Barrick’s earnings slump as costs rise
Whereas most gold companies saw their bottom lines strengthened during the first quarter, Barrick Gold (ABX-T) suffered shrinking profits and revenue as production fell and costs rose at many of its b…
Here’s to a soft landing
The decline of the United States dollar on international currency markets is, like the dot-com meltdown, one of those things everyone will say he saw coming a long time ago.It’s no great distinction t…