The Northern Miner Indices (July 14, 2003)
North American Mining: 73.79 (-0.33)Small Producers: 73.12 (+2.20)(Sept. 30/98 = 100)…
2003
Lower profits for Alcoa
Despite continued weak aluminum demand, especially in the aerospace and automotive sectors, Alcoa, the world’s largest aluminum producer, posted a surprisingly strong second-quarter net income of US$2…
Dunsmuir expands Nanuq holdings
Dunsmuir Ventures (DVV-V) has expanded in Canada’s far north by staking 2,533 sq. km immediately contiguous to its Nanuq project, 250 km northeast of Rankin Inlet in Nunavut.This new extensive souther…
SEG fund honours Nutt
A fund in memory of murdered geologist Timothy Nutt has been established by the Littleton, Colo.-based Society of Economic Geologists (SEG) Foundation.Nutt was found with his throat slit and his vehic…
Exploration in Finland
Most large mining companies are expanding through mergers and acquisitions, and this is creating opportunities for junior companies to find new projects, especially in Nordic countries, according to M…
Trading Summary (July 11, 2003)
The Toronto Stock Exchange crept up only slightly on Friday, as most worldstock markets had a mildly positive day…
South Atlantic Ventures buys Outokumpu’s stake in PGE deposit
Vancouver –South Atlantic Ventures (SAA-V) has inked a deal with Outokumpu to acquire Outokumpu’s 49% interest in…
Gabriel suffers setback at Rosia Montana
Gabriel Resources (GBU-T) has shelved plans for a previously announced bought-deal offering of 10 million shares at…
FNX raises $48 million
FNX Mining’s (FNX-T) war chest has ballooned to $67 million thanks to more than $48 million raised via a bought-dea…
Lac des les crusher back in action
The recently repaired primary crusher at North American Palladium’s (PDL-T) Lac des les palladium-platinum mine in…
Trading Summary (July 10, 2003)
Toronto’s gold stocks nudge up 0.05 of a point to 167.99 on Thursday, just one of two subindices to do so; the othe…
Golden Star looks to double production
A recently completed independent feasibility study has Denver-based Golden Star Resources (GSC-T) looking to pour g…