Trading Summary (June 16, 2003)
With just the energy subindex in the red at day’s end, the Toronto Stock Exchange tacked on 88.72 points to end Mon…
2003
Cancio tables more Onca drill results
Vancouver — Canico Resource (CNI-V) tabled more results from its ongoing infill drilling campaign at the Onca ridg…
Xstrata gets court nod (June 16, 2003)
The Supreme Court of Queensland has approved London-listed Xstrata’s A$4.9-billion cash-and-debt takeover of Aussie…
Stillwater shareholders say “da” to Norilsk
Shareholders of Stillwater Mining (SWC-N) have given the green light to Norilsk Nickel’s cash-and-metal offer for 5…
Tirisano surrenders rare stone
Partners Etruscan Resources (EET-T) and partner Mountain Lake Resources (MOA-V) have recovered a potentially rare 1…
Exchange Rates (June 16, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 10June 9June 6June 5June 4US$ in C$1.36481.35841.35401.3401…
Strikes take their toll on Canadian miners
A flurry of strikes around the world created havoc in the mining industry for the 1-week period ended June 10.Inco said a strike launched June 1 by 3,300 members of the United Steelworkers of America …
Drill turns at Alto Rico (June 16, 2003)
Vancouver — Tenke Mining (TNK-T) has launched a 1,300-metre drill program over the promising Alto Rico gold project in Argentina’s Patagonia region.The 7-hole program will test a 2-by-3-km coincident…
Luismin powers Wheaton to record Q1
Benefiting from higher gold prices, Wheaton River Minerals (WRM-T) saw its first-quarter earnings soar to US$4.1 million.The earnings totalled 2 per share, compared a year-earlier profit of just US$2…
Minefinders pushes Dolores to feasibility
Vancouver — Drilling along the 2.2-km-long main Dolores zone has enhanced the economic prospects of the large gold system in Mexico’s Chihuahua state.Minefinders (MFL-T) has sunk an additional 40,500…
Gammon scores at Northeast Ocampo (June 16, 2003)
Gammon Lake Resources (GAM-T) has reported a new gold resource at its wholly owned Northeast Ocampo project in Mexico’s Chihuahua state.The new resource, audited by Pincock Allen & Holt, consists of u…
Partners test McCreedy’s PM zone (June 16, 2003)
Underground drilling by partners FNX Mining (FNX-T) and Dynatec (DY-T) at the McCreedy West mine in Sudbury, Ont., continues to return high-grade values of copper, platinum, palladium and gold.The lat…