Phelps Dodge trims losses (April 29, 2003)
Vancouver A change in the accounting of retirement benefits helped the world’s second largest copper producer nar…
2003
Trading Summary (April 28, 2003)
The Toronto Stock Exchange lagged behind the other major North American bourses edging up 26.97 points to 6,548.66…
Gold prices help quarter at Buenaventura (April 28, 2003)
Higher production and an improved gold price buoyed up the top line for Minas Buenaventura (BVN-N) in the first thr…
Inmet takes over Teck’s Cerattepe
A deal between the Turkish subsidiaries of two Canadian mining companies will give Inmet Mining (IMN-T) control of…
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…
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…
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…
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…
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…
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 …
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, …