Trading Summary (May 12, 2003)
The Toronto Stock Exchange gained 67.47 points or 1% to 6,717.5 with all of its subindices ended in the black. The…
News
No waiver for Goldstream-Willa (May 12, 2003)
Vancouver The British Columbia Environmental Assessment Office will not grant the Goldstream Willa project a waiv…
Majescor raises $900,000
Vancouver Montreal-based Majescor Resources (MAJ-V) will sell a private placement financing for a gross proceeds…
Aurizon advances Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has privately placed 3.7 million flow-through shares at $1.35 apiece to raise…
Phelps Dodge trims quarterly losses
Vancouver — A change in the accounting of retirement benefits helped the world’s second-largest copper producer reduce its losses in the first quarter.Phoenix-based Phelps Dodge (PD-N) lost US$15 mil…
US House passes silver study
The U.S. House of Representatives has passed legislation that includes a provision for a 3-year study on the potential use of silver and gold in industrial and automotive catalytic processes. The stud…
New law raises accounting fees
The Sarbanes-Oxley law, which was a direct result of the accounting scandals at WorldCom and Enron, is proving a financial drain on mining companies.Newmont Mining, for example, saw huge increases in …
Former workers sue Gold Fields
Gold Fields, South Africa’s second-biggest gold miner, is facing a US$7-billion legal challenge by former workers who claim they were contaminated by uranium and have fallen ill.Apartheid Claims Task …
Ashanti joins Afcan in Sierra Leone
Already partnered at the Kalako permit, 3 km east of Kalana in nearby Mali, Ashanti Goldfields (ASL-N) and Montreal-based Afcan Mining (AFK-V) have inked a deal that could see the former acquire an 80…
Daily Metal Prices (May 12, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 6May 5May 2May 1April 30Al Alloy1405/1390…
Nickel demand rises while zinc slips
The following is the last of four instalments of The Commodity Refiner, published by London, U.K.-based Barclays Capital Research. This week we offer an overview of nickel and zinc markets.NickelVolat…
Globestar eyes producer status in Dominican Republic
Santo Domingo, Dominican Republic — Globestar Mining (GMI-V) (formerly TGW Corp.) has taken a step toward joining the ranks of mid-tier base metal producers by signing a mining resolution for its Cer…