Stillwater faces red ink; awaits regulatory nod
Vancouver – Timing is crucial in the metals market, a lesson not lost on Stillwater Mining (SWC-N). Less than 2 yea…
News
QGX cuts more oxide gold in Mongolia
A 15-hole drill program aimed at testing for strike extensions of the Central Valley zone of the Golden Hill prospe…
Spider, KWG table McFauld’s Lake results
Vancouver — Spider Resources (SPQ-V) and joint venture partner over the counter listed KWG Resources have receive…
Alcoa trims more workers
The biggest news of the week was Alcoa’s announcement it will cut production and staff at three smelters, in Rockdale, Tex., Massena, N.Y., and Ferndale, Wash.After cutting 10,000 jobs in 2002, the co…
People (April 28, 2003)
America Mineral Fields — Former director Stephen Malouf resigned.Amerigo — Steven Dean and Klaus Zeitler appointed to board of directors; Jeffrey Giesbrecht appointed secretary; Irene Wilson resigne…
Higher gold boosts Grasberg
Vancouver — Freeport-McMoRan Copper & Gold (FCX-N), operator of the world’s largest copper-gold mine, earned an impressive US$49.2 million (or US33 per share) in the first quarter.The gain, which wa…
SKN Resources seeks gold in northeastern Tibet
Vancouver — SKN Resources (SRL-V) has entered into an agreement with the Chinese government to acquire interests in nine exploration permits in northeastern Tibet (Xizang), site of the Zage gold pros…
Junior exchange bullish as Iraq fears subside
Vancouver — With the war in Iraq basically over, investors began to take money off of the sidelines. Over the week ended April 22, the S&P-TSX Venture Exchange composite index tacked on 9.41 points, …
Benchmark, gold stage rally
The Toronto Stock Exchange composite index began the holiday-shortened April 16-22 report period in retreat mode but quickly found its footing to finish the week 97.74 points ahead. Fueling the rally …
Daily Metal Prices (April 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 22April 21April 18April 17April 16Al Alloy137…
Goldminco cuts gold at Balabag (April 28, 2003)
Vancouver — Scout drilling at the Balabag Ridge project in the Philippines has returned encouraging gold-silver values for Goldminco (GCP-V).The 594-metre program tested for mineralization below a se…
Lowlands yields more sulphides (April 28, 2003)
Vancouver — The first two holes drilled by Spider Resources (SPQ-V) and partner KWG Resources have confirmed the presence of base metal sulphides on the newly dubbed McFauld’s Lake property in the we…