Noranda confirms Magnola plant closure
Noranda (NRD-T) is closing its 80%-owned Magnola magnesium plant is in Danville, Que. The troubled plant will be idled for at least a year, possibly longer depending on magnesium prices.Layoffs will b…
News
Stornoway advances Coronation Gulf projects (March 31, 2003)
Vancouver — Stornoway Ventures (SWV-V) plans to follow up on indicator mineral trains found on its Sceptre and Tiara diamond properties in the Coronation diamond district of Nunavut.Last spring, a 6,…
Daily Metal Prices (March 31, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 25March 24March 21March 20March 19Al Alloy148…
Investors skittish about junior market
Vancouver — Investors continued their junior-exchange exodus over the week ended March 25. The S&P-TSX Venture Exchange composite index shed 19.80 points, or 1.86%, and closed at 1,042.2.Spider Resou…
Miners passed by in broad advance
The five trading days March 19-25 saw a modest advance by the U.S. stock markets, but gold and base metal equities were left out. Both major indices rose about 1%; the Dow Jones Industrial Average add…
Broad market sinks on fears of Iraqi quagmire
With the war in Iraq failing to shape up as the cake-walk many were predicting, the S&P-TSX composite index retreated 68.5 points to end the March 17-25 report period at 6,385.Gold performed about as …
Trading Summary (March 28, 2003)
Toronto’s gold stocks put in an impressive rally, gaining 10.07 points or nearly 7% to end at 157.56 on Friday. The…
Minera Andes cuts new gold-silver zone at San Jose
Vancouver — Spokane-based Minera Andes (MAI-V) cut a new zone of high-grade gold and silver at its San Jose projec…
Inmet ups reserve at Troilus (March 28, 2003)
Additional drilling and re-assessment of the operating conditions at the Troilus gold mine in north-central Quebec…
PCS issues profit warning (March 28, 2003)
Potash Corp. of Saskatchewan (POT-T) warns that it will miss its previous first-quarter earnings estimate of US25…
McWatters eyes $25 m for Val d’Or acquisitions
McWatters Mining (MWA-T) has agreed to sell a total of 125 million shares for 20 apiece for gross proceeds of $25…
Trading Summary (March 27, 2003)
The Toronto Stock Exchange slipped another 3.56 points to end Thursday’s trading session at 6,353.44. The diversifi…