It is a long way from cape Breton Island to the American Stock Exchange. Such a thought ran through Terry MacGibbon’s mind as he stood ringing the Amex’s opening bell to celebrate his company’s listing on the exchange in 2003.The president of emerging nickel producer FNX Mining Co., and this year’s recipient of the Prospector’s […]
Elizabeth kirkwood doesn’t mind being called a follower. When shareholders ask why she would buy a mine deemed unprofitable by Falconbridge Ltd., she points to the success FNX Mining Co. has had in taking unwanted mines off Inco Ltd.’s hands.“We want to be another FNX,” says Kirkwood, president and CEO of First Nickel Inc., a […]
This may be the big year for zinc, the laggard of the base metal rally, which barely budged for the past two years while most other metals reached multi-year highs.Zinc began to move in late 2004 after China — the main factor driving base metal prices higher — switched from being a net exporter of […]
Many of the deposits in major mining companies’ portfolios begin to look like dead weight as the firms grow bigger and more averse to risk. The assets, often considered too old, small or geographically risky, traditionally have little value other than as balance-sheet write-offs.A new generation of enterprising junior and intermediate producers has a different […]
This time last year, it was difficult to find a mining analyst who was bearish on base metals. Demand for the metals, mostly by China, was so high and inventories so low that prices seemed to have nowhere to go but up.The bulls were right. Almost all base metals ended 2004 near their highest levels […]