TVX posts improved earnings (August 26, 2002)
Buoyed by a higher gold price and a US$1.2-million gain on the sale of its residual interest in the Casa Berardi mine in northwestern Que., Toronto-based TVX Gold (TVX-T) posted improved second-quarte…
Articles by Northern Miner Staff
SouthernEra to boost Messina stake
With an eye toward increasing its stake in the Messina platinum group metals mine in South Africa, SouthernEra Resources (SUF-T) has agreed to underwrite a rights issue by the mine’s owner, Messina.Me…
Weaker gold price puts chill in eastern markets
The Toronto Stock Exchange’s Composite Index managed to gain 105.22 points, or 1.6% of its value, to end the Aug. 14-20 report period at 6,655.29 points. The brunt of the work was done during the last…
Placer extends Aurion offer
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has again extended its unconditional final bid.Placer’s offer of 17.5 of its own shares for every 100 AurionGold shares plus A35 ca…
Royalty-dee, royalty-dum: how governments take their cut
“Royalty” is a term which defines its own origin and meaning. Sometime way back when, in the dim and hoary past, kings and queens must have managed to con (and/or intimidate) their subjects into belie…
Rubicon drills two projects
Vancouver — Rubicon Minerals (RMX-V) will begin drilling at its Golden Promise project, near Badger, Nfld.The company recently discovered a gold-bearing quartz vein, dubbed the Jacqueline zone, in an…
Exchange Rates (August 26, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14US$ in C$1.57151.57101.56011.5…
Gold Funds (August 26, 2002)
Gold Funds as at August 15, 2002Dundee Precious MetalsCentral FundNet Value$21.28$5.75Price$15.50$6.44…
Junior exchange sings summertime blues (August 26, 2002)
Vancouver — Canada’s junior exchange continued to slide into bear territory over the week ended Aug 20. The TSX Venture Exchange composite index lost 23.55 points, or 2.3% of its value, to close at 1…
Enviromental concerns affect boron demand
Consumption of borate in the detergents industry continues to be affected by environmental concerns, according to a report from London-based Roskill Information Services.Economics of Boron (10th editi…
The Northern Miner — Small Producers Index (August 26, 2002)
70.22 (-3.49)(Sept. 30/98 = 100)…
LME Warehouse Levels (August 26, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20 (change from Aug. 13 in brackets):MetalStock (tonnes)ChangeAluminium1295775(-…