PFN coasts on River Valley
A fifth phase of drilling has doubled the size of the River Valley palladium deposit in northern Ontario, reports Pacific North West Capital (PFN-T).Combined measured and indicated resources now stand…
News
OM whacked by UN report
Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…
NAME CHANGES (October 28, 2002)
Verdstone Gold (VGC-V) has changed its name to Goldrea Resources (GOR-V) on a 1-new-for-10-old-share basis.Maya Gold (MAY-V) has changed its name to Centram Exploration (CAN-V) on a 1-new-for-5-old-sh…
GREATEST VALUE TRADED, OCTOBER 16-22
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N42815825.0022.6025.00+1.90…
Meridian falls slightly in Q3 (October 28, 2002)
Reno, Nev.-based Meridian Gold (MDG-T) has chalked up another profitable quarter, pocketing US$9.2 million for the three months ended Sept. 30 as revenue soared to US$33.6 million.The US10-per-share …
Apex drops Atna’s Chanarcillo property (October 28, 2002)
Vancouver — Apex Silver Mines (SIL-A) will cease exploration of Atna Resources’ (ATN-T) Chanarcillo silver property in Chile.The decision follows the release, by Atna, of drill results from a 19-hole…
King Eider kimberlite proves complex
Eager to get a better handle on the diamond distribution of the known King Eider kimberlite on Victoria Island, partners Diamonds North Resources (DDN-V) and Canabrava Diamond (CNB-V) have drilled two…
Producer and Dealer Prices (October 28, 2002)
Antimony: Recent trades US$3,150-3,350/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.40/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.50/lb.Copper: Comex Dec US$0.6975/lb….
Canadian Stock Exchange Indices (October 28, 2002)
DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16HighLowTSX Composite6291.666362.316326.616274.79…
Third-quarter earnings up at Inco
Nickel producer Inco (N-T) saw its earnings increase in the normally slow third quarter, largely owing to higher nickel prices.Inco posted a US$84-million profit, or net earnings of US$91 million, for…
MOST ACTIVE ISSUES, OCTOBER 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT191442.942.452.58-0.21…
Sherritt, Ontario Teachers put Fording on notice
Fording, Canada’s largest producer of export coal, took centre-stage in the Oct. 16-22 report period, becoming the latest takeover target of Sherritt International and the Ontario Teacher’s Pension Pl…