Stronger loonie bites PCS
Potash Corp. of Saskatchewan (POT-T) has lowered its second-quarter earnings expectations thanks mostly to a streng…
News
Trading Summary (June 16, 2003)
With just the energy subindex in the red at day’s end, the Toronto Stock Exchange tacked on 88.72 points to end Mon…
Cancio tables more Onca drill results
Vancouver — Canico Resource (CNI-V) tabled more results from its ongoing infill drilling campaign at the Onca ridg…
Xstrata gets court nod (June 16, 2003)
The Supreme Court of Queensland has approved London-listed Xstrata’s A$4.9-billion cash-and-debt takeover of Aussie…
Stillwater shareholders say “da” to Norilsk
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 5…
Tirisano surrenders rare stone
Partners Etruscan Resources (EET-T) and partner Mountain Lake Resources (MOA-V) have recovered a potentially rare 1…
AngloGold, Rubicon cut gold at Rivard
Vancouver — A 33-hole drill program by partners AngloGold (AU-N) and Rubicon Minerals (RMX-V) has returned promising grades from the Rivard target in Ontario’s prolific Red Lake mining camp.Out of th…
Golds survive rocky week
Despite gold prices tumbling more than US$10 per oz. over the period, the U.S.-listed gold miners managed to hang on and end the week in positive territory.Among the gold majors: Newmont Mining jumped…
Cumberland expands Meadowbank (June 16, 2003)
Vancouver — Results from last year’s drilling have enhanced the economic prospects of the Meadowbank gold project, 70 km north of Baker Lake in Nunavut.Owner Cumberland Resources (CBD-T) now estimate…
Exchange Rates (June 16, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 10June 9June 6June 5June 4US$ in C$1.36481.35841.35401.3401…
Seabridge begins work in NWT
Vancouver — Junior Seabridge Gold (SEA-V) has launched a $1.6-million program of exploration on its wholly owned Courageous Lake project in the Northwest Territories.Initially, the company will selec…
Strikes take their toll on Canadian miners
A flurry of strikes around the world created havoc in the mining industry for the 1-week period ended June 10.Inco said a strike launched June 1 by 3,300 members of the United Steelworkers of America …