Teck Cominco eyes diamonds on Victoria Island
Vancouver — Teck Cominco (TEK-T) has inked a deal with Diamonds North Resources (DDN-V), paving the way for the world’s largest zinc producer to earn up to a 70% interest in the Blue Ice diamond prop…
News
National Mining Hall of Fame welcomes six inductees
Six pioneers of the American mining industry will be inducted into the National Mining Hall of Fame in Leadville, Colo., at a ceremony on Sept. 13.The six are George Argall, Jr., John Campion, James G…
Insider Trading: Sodemex trims Aurizon account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Agnico-Eagle Mines (AGE-T) — Leanne Baker, director, bought 2,500 shares at US$10.45 to hold…
Lending Rates (July 07, 2003)
as of 4 pm ET, July 1, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.25LIBOR US$ 3-month1.11LIBOR US$ 6-month1.12LIBOR US$ 1-y…
Stronger loonie affects PCS
Responding to the stronger Canadian dollar, Potash Corp. of Saskatchewan (POT-T) has lowered its earnings expectations for the second quarter.The world’s biggest producer of fertilizer says earnings w…
Juniors wrap 3-way deal
Juniors St Andrew Goldfields (SAS-T), Royal Victoria Minerals (RVM-V) and United Tex-Sol Mines (UTX.A-V) have completed their previously announced 3-way merger.Under the deal, Royal Victoria…
Gold majors on the march
Even with gold languishing in the low US$350-per-oz. range, all the U.S.-listed gold majors enjoyed strong gains through the report period ended July 1.Sector-leader Newmont Mining jumped $1.58 to US$…
Twenty-Five Years Ago / July 1978
PQ mum on Asbestos takeoverQuebec government spokesmen are silent on reports that a New York investment firm hired by the province to evaluate the assets of Asbestos Corp. has set a price of US$60 a s…
Spot Prices Wednesday July 2, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$351.203.35Silver$4.560.05Platinum$673.003.00Pall…
Aurizon adds to Casa Berardi resources (July 07, 2003)
Aurizon Mines (ARZ-T) has doubled the inferred resource estimate in zones 118-120 at the Casa Berardi gold project, 100 km north of Rouyn-Noranda, Que., on the back of some 27,000 metres worth of dril…
TSE suffers holiday blues as gold claws back
The Toronto Stock Exchange composite index moved sideways over the holiday-shortened June 25-July 1 report period, finishing at 6,983.14, for a loss of 74 basis points.Gold regained some of the ground…
Diamonds drive junior market higher
Vancouver — Canada’s junior exchange inched forward over the holiday-shortened week ended June 30 as investors found a renewed appetite for diamond explorers. The S&P-TSX Venture Exchange composite i…