TVX consolidates shares
Shareholders of TVX Gold (TVX-T) have overwhelmingly agreed to a 10-for-1 share consolidation.More than 97% of shareholders voted in favour of the consolidation at the company’s annual meeting in mid-…
News
Meridian extends offer
With nearly 94 million shares, or about 81% of the company’s issued share capital already tendered, Meridian Gold (MNG-T) has extended its offer for shares of London-listed Brancote Holdings until Jul…
Spot Prices Wed. June 26, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$324.60+$2.75Silver$ 4.85-$0.05Platinum$551.00-$…
FNX tops up treasury (July 01, 2002)
FNX Mining (FNX-T), formerly Fort Knox Gold Resource, has arranged a bought deal with Dundee Securities, BMO Nesbitt Burns and Griffiths McBurney & Partners to raise $25 million.Under the deal, FNX wi…
Producer and Dealer Prices (July 01, 2002)
Antimony: Mid-mkt US$1,410/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.00-8.50/lb.Copper: Comex July US$0.7495/lb.Indium: Ind…
Canadian Stock Exchange Indices (July 01, 2002)
DateJune 25June 24June 21June 20June 19HighLowTSX Composite7120.807129.937139.437225.357247.76…
GREATEST VALUE TRADED, JUNE 19-25
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N59682229.7527.6628.60+0.28…
Rio Narcea rewrites hedge book
With its own future looking brighter and bullion prices picking up, Rio Narcea Gold Mines (RNG-T) has restructured its hedge book.In late 2000, the company borrowed US$24 million from Deutsche Bank to…
AurionGold eyes sweetener (July 01, 2002)
As expected, the board of directors of Aussie takeover target AurionGold has advised shareholders not to accept Placer Dome’s (PDG-T) all-share bid, as it wrangles for a cash sweetener.In a letter acc…
LME Warehouse Levels (July 01, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 25 (change from June 11 in brackets):MetalStock (tonnes)ChangeAluminium1227150(+…
First Quantum forges ahead at Kansanshi
A positive engineering report has prompted First Quantum Minerals (FM-T) to proceed with a bankable feasiblity study of the Kansanshi copper-gold deposit in Zambia.Kansanshi is Zambia’s oldest mine, d…
Licensure closing in
Ontario geologists and geophysicists may find it wise to watch the calendar this summer. At the end of August, their livelihood may depend on having a professional licence.The Geoscientists Act, passe…