Canadian Stock Exchange Indices (July 21, 2003)
DateJuly 15July 14July 11July 10July 9HighLowTSX Composite7116.087115.987077.567071.54…
News
Convict admits to bombing Giant mine
Roger Warren, the man convicted of murder after an explosion at the Giant gold mine in Yellowknife, N.W.T., killed nine people in 1992, has admitted he acted alone and did not intend to kill anyone.Wa…
Rubicon drills in Red Lake
Junior Rubicon Minerals (RMX-V) has renewed drilling at the Rivard property in Ontario’s Red Lake camp.The 7,500-ft. program follows a first phase, completed earlier this year, which produced a best r…
Suit claims Barrick misled investors
Two U.S.-based law firms have launched a class-action suit against Barrick Gold (ABX-T) for allegedly misleading investors by forecasting higher earnings than the company delivered last year.Barrick, …
Australia aims to revive mining
Mining is Australia’s biggest export industry, and concerns are growing that it could suffer greatly as a result of a slump in exploration.In the past 10 years, annual exploration expenditures Down Un…
Base metals: higher with caution
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current base metals markets.)A comparison of actual base metals prices in…
Gabriel scraps $28m bought-deal financing
Gabriel Resources (GBU-T) has scrapped plans for a bought-deal offering of 10 million shares priced at $2.80 apiece.The move follows reports that Romania’s prime minister dismissed a positive governme…
LME Warehouse Levels (July 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 15 (change from July 8 in brackets):MetalStock(tonnes)ChangeAluminium1250900(+73…
Suppliers Roundup (July 21, 2003)
Cat buys Terex truck businessCaterpillar will acquire Terex’s electric-drive mining truck business in exchange for the intellectual property rights to Caterpillar’s 5000-series mining shovel.Terex’s 8…
Bolivar Gold fast-tracks Choco 10
El Callao, Venezuela — Newly listed in January, Toronto-based Bolivar Gold (BGC-V) has lost no time acquiring a prime, undeveloped gold asset and putting it on the fast track to be a producing mine b…
Editorial Cartoon (July 21, 2003)
A mighty wind
News leaked out of the Premier’s Office in Ontario this month that the provincial government was considering moving out of the joint income tax arrangement, under which individual taxpayers in all pro…