People (June 23, 2003)
Teck Cominco — Chris Thompson appointed to board of directors.Trivalence — Omair Choudhry appointed CFO; Hamish Malkin resigned as CFO.True North Gems — Len De Melt appointed project m…
News
Philex, Anglo drill Boyongan
Vancouver — Drilling has so far failed to find additional resources at the North project in the Philippines.Partners Philex Gold (PGI-V) and Anglo American (AAUK-Q) have seven rigs turning in an effo…
Placer doubles Cortez resource
Vancouver — Placer Dome (PDG-T) has doubled the measured and indicated resource at its 60%-owned Cortez Hills discovery in Nevada.Discovered in late April of this year, Cortez Hills now holds a measu…
Xstrata gets court nod (June 23, 2003)
The Supreme Court of Queensland has approved London-listed Xstrata’s A$4.9-billion cash-and-debt takeover of Aussie miner M.I.M. Holdings.The court’s decision was late in coming, as it investigated al…
Platinova drops merger, faces listing review
The Toronto Stock Exchange is reviewing the specialty shares of Platinova Resources (PVA.S-T) to see if they meet the requirements for continued listing. Also under review are the common shares of par…
Stillwater says ‘da’ to Norilsk Nickel
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 51% of the Montana-based company.About 82.9% of the votes cast at a special meeting in…
LME Warehouse Levels (June 23, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 17 (change from June 10 in brackets):MetalStock(tonnes)ChangeAluminium1115150(-1…
New diamond province emerging in Europe
A new diamond province is quietly taking shape in Finland, where AIM-listed European Diamonds (EPD-LSE) is drill-testing several targets discovered by a combination of surface sampling and geophysics….
Tournigan tests Irish prospect
Vancouver — Junior Tournigan Gold (TVC-V) has launched a 5-hole drill program on the Glenlark prospect, part of the Tyrone project in Northern Ireland.Glenlark is marked by stratabound gold-silver-zi…
Rio Narcea gets nod at Aguablanca
Rio Narcea Gold Mines (RNG-T) is stepping up construction at its Aguablanca nickel-copper-PGM project in southwestern Spain following governmental approval of the environmental impact assessment.Capit…
Spot Prices Wednesday June 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$361.25+7.10Silver$4.57+0.06Platinum$662.00+7.00P…
Exchange Rates (June 23, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 17June 16June 13June 12June 11US$ in C$1.33961.33921.33611.3…