Gold Fields doubles Radius stake (July 30, 2003)
Vancouver South African-based Gold Fields (GFI-N) now holds a 12.9% stake in junior Radius Explorations (RDU-V)….
2003
Trading Summary (July 29, 2003)
Toronto’s gold stocks led the broader market 57.19 points lower to 7,227.35 on Tuesday; the Gold Index shed 5.61 po…
Barrick earnings flat (July 29, 2003)
Barrick Gold’s (ABX-T) earnings came in flat at US$59 million (or US11 per share) for the three months ended June…
BHP Far West hit hot hole
Vancouver One of the 13 reverse circulation drilled holes collared on the Candelaria iron oxide copper-gold proje…
Trading Summary (July 28, 2003)
The Toronto Stock Exchange ended Monday’s trading session 21.92 points higher at 7,284.54 with all but three subind…
Noranda slashes dividend, posts loss
Facing $4.1 billion in net debt, Noranda (NRD-T) is slashing its traditionally juicy divided by 40%.The surpris…
Phelps Dodge trims losses (July 28, 2003)
Vancouver The World’s second largest copper producer made it nine consecutive quarters without a profit by tallyi…
Kimberlites elude Majescor
After drill-testing 11 geophysical targets at its Portage project in Quebec, Majescor Resources (MAJ-V) reports that no kimberlite was intersected.The company used a reverse-circulation rig to sample …
Grasberg gold boosts Freeport
Vancouver — The second quarter of 2003 was a stellar one for Freeport-McMoRan Copper & Gold (FCX-N), which earned US$57.4 million (or US37 per share) in the three months ended June 30.The figure mar…
Daily Metal Prices (July 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 22July 21July 18July 17July 16Al Alloy1352/136…
Canadian Stock Exchange Indices (July 28, 2003)
DateJuly 22July 21July 18July 17July 16HighLowTSX Composite7185.18…
Rio Tinto, BP unload Kaltim
The biggest deal of the period was the proposed sale by Rio Tinto and BP of their 50-50 Indonesian joint venture, PT Kaltim Prima Coal, to Jakarta-listed Bumi Resources for US$500 million in cash and …