Stillwater awaits OK for Norilsk deal
Vancouver — Timing is crucial in the ever-volatile metals market, and this lesson is not lost on Stillwater Mining (SWC-N).Less than two years ago, when the price of palladium was soaring, the compan…
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Crown pulls high grades at Buckhorn (May 05, 2003)
Assays on core samples from the Buckhorn Mountain property in north-central Washington, held by Crown Resources (CRCE-O), indicate high gold grades over significant widths.Crown drilled 41 holes betwe…
Inmet takes over Teck’s Cerattepe project
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of the Cerattepe copper and gold deposit, near Artvin in northeastern Turkey.Under the d…
SA Chamber criticizes bill
The possible effects of the proposed Royalty Bill released by South Africa’s National Treasury will not be good for the economy or the mining industry. In the coming weeks the chamber will submit to t…
Crew adds olivine to portfolio
Vancouver — Just as it is preparing to build the Nalunaq gold mine in southern Greenland, Crew Development (CRU-T) has acquired a deposit of olivine in the same region.The deposit, known as Seqi, con…
Daily Metal Prices (May 05, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 29April 28April 25April 24April 23Al Alloy137…
Canadian Stock Exchange Indices (May 05, 2003)
DateApril 29April 28April 25April 24April 23HighLowTSX Composite654…
Miners in retreat
Despite a stronger performance by base metals, the share prices of the base metal giants took a pounding during the April 23-29 report period.Investors are concerned about base metals’ exposure to any…
Profit-takers step in
The Toronto Stock Exchange moved lower over the report period April 23-29, with profit-taking marking the end of a rally that lasted more than three weeks. The TSX Composite index fell 37.53 points to…
Market stats point to summer slump
Canada’s junior exchange lost ground over the week ended April 29 as investors anticipated an annual summertime sell-off. The S&P-TSX Venture Exchange composite index shed 16.62 points, or 1.58% of it…
Chesbar updates Sechol
Improvements in the nickel market have spurred Chesbar Resources (CBI-T) to modify its metallurgical study of the Sechol laterite deposits in east-central Guatemala.Chesbar’s consultants will now esti…
Exchange Rates (May 05, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 29April 28April 25April 24April 23US$ in C$1.44571.45011.4532…