News

Richmont in black for first quarter (May 05, 2003)

In the recent first quarter, Richmont Mines (RIC-T) earned less than in the fourth quarter of 2002 but more than in the first quarter of that year.The gold producer earned $371,268 (or 2 per share) o…


Northern Miner Indices (May 05, 2003)

NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-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…


LME Warehouse Levels (May 05, 2003)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 29 (change from April 22 in brackets):MetalStock(tonnes)ChangeAluminium119100(-…


Producer and Dealer Prices (May 05, 2003)

Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-9.60/lb.Copper: Comex July US$0.729/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…


Mag drills in Zecatecas state

Vancouver — Mag Silver (MAG-V), formerly Mega Capital Investments, will perform 3,500 metres of drilling on the Juanicipio silver project in Mexico’s Zecatecas state.The newly minted junior is target…


A view of Falconbridge's Falcondo nickel-laterite operations in the Dominican Republic.

Falco boosts earnings in first quarter

Stronger metal prices and sales volumes pushed Falconbridge (FL-T) to a higher perch during the first quarter.Net earnings topped $60.5 million (or 32 per share) in the three months ended March 31 as…



Now for a cultural change

It was fully a year ago that we were writing about the New York Attorney General’s investigation into investment research at several major U.S. brokerage houses. New York State prosecutors had gone th…


Gold Fields extends AIDS program

Johannesburg-based Gold Fields is extending its medical program to include highly active antiretroviral therapy (HAART) as a treatment option for employees with acquired immune deficiency syndrome (AI…


Hushovd strengthens grip on Gabriel

In the wake of a tumultuous past few months for Gabriel Resources (GBU-T), characterized by a plummeting share price, management turnover, and a surprising rise in projected costs for its Rosia Montan…


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…


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…


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