Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…
Articles by Northern Miner Staff
Aur tackles debt as earnings shrink
Despite higher mine production and stronger copper prices, Aur Resources (AUR-T) watched its profits wither in the fourth quarter of 2002.The company earned US$1.9 million (or US2 per share) on reven…
Afton moves to prefeasibility
Vancouver — DRC Resources (DRC-T) has hired Vancouver-based Behre Dolbear & Co. to perform a prefeasibility study of the Afton copper-gold project, near Kamloops, B.C.The study will focus on the mine…
McWatters acquires East Malartic mill
Two transactions, one with Quebec government-owned Soquem and another with Barrick Gold (ABX-T), will give McWatters Mining (MWA-T) a major position in the Val d’Or region of northwestern Quebe…
LME Warehouse Levels (March 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 25 (change from Feb. 18 in brackets):MetalStock(Tonnes)ChangeAluminium1227800…
Trading Summary (March 02, 2003)
The Toronto Stock Exchange’s TSX Composite index fell 27.07 points to 6,555.12 on Friday, with eight of twelve mark…
Northgate reduces debt, increases production, but posts loss
Vancouver Higher gold prices and increased production at its Kemess South mine in BC. allowed Northgate Explorati…
Anglogold eyes Candente ground
Vancouver Anglogold (AU-N) has paid Candente Resource (DNT-V) $10,000 for the right oif first refusal over ten of…
Trading Summary (February 28, 2003)
The Toronto Stock Exchange’s TSX Composite index fell 27.07 points to 6,555.12 on Friday, with eight of twelve mark…
Trading Summary (February 27, 2003)
The Toronto Stock Exchange bounded higher on Thursday, with the TSX Composite index up 73.86 points to 6,582.19, a…
Canadian Royalties hits new zone (February 27, 2003)
Vancouver The economic promise of the Expo-Ungava nickel-copper-platinum-palladium property got a shot in the arm…
Wheaton River raises Alumbrera funds
Wheaton River Resources (WRM-T) has raised the necessary funds to buy a quarter-interest in the Bajo de la Alumbrer…