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What execs are doing as FNX Mining shares move
Posted on June 25, 2008
Shareholders of FNX Mining Co. are no strangers to price volatility. The stock often moves several percentage points in either direction on a given day. The $2-billion market cap miner has also seen big long-term moves for its shares, climbing as high as $32.89 at the end of February but dipping to nearly $22 earlier this month.Soon after, however, FNX got a big lift after announcing the creation of a new company, Gold Wheaton Corp., which will pay $400-million for half of the precious metals mined and shipped from FNX s properties. FNX will also be the company s largest shareholder with a...
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