Canadian Stock Exchange Indices (August 19, 2002)
DateAugust 13August 12August 9August 8August 7HighLowTSX Composite6528.986571.446645.926612.16…
Articles by Northern Miner Staff
Anglo American to pay for AIDS drugs
Anglo American says it will pay for antiretroviral drugs for employees suffering from HIV/AIDS.The program could cost as much as R16.8 million (US$1.6 million) in the first year. In addition to extend…
Partners cut more kimberlite at Tichegami (August 19, 2002)
Drilling by Pure Gold Minerals (PUG-T) has cut a second kimberlite body on the Tichegami project in Quebec’s Otish Mountains region.The discovery hole targeted a well-defined airborne and ground magne…
Lending Rates (August 19, 2002)
as of 4 pm ET, Aug. 13, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.73LIBOR US$ 6-month1.69LIBOR US$ 1-year1.74Gold lease 3-month0.28Gold leas…
Pacific Rim cuts high-grade at El Dorado (August 19, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has cut high-grade gold at the El Dorado project in El Salvador.The announcement follows the receipt of assay results for the bottom 70 metres of hole P02-204, …
Gold price lifts majors
The U.S.-listed gold majors all posted strong gains over the report period ended Aug. 13 as gold prices jumped $8.45 to US$316.25 per oz.: Newmont Mining rose 95 to US$24.95; AngloGold added $1.17 to…
Imperial Metals cuts high grade at Sterling (August 19, 2002)
Vancouver — Imperial Metals (III-V) has released high-grade assay results from the first three holes drilled in a 6-hole program at the Sterling mine, near Beatty, Nev.The diamond drill program teste…
LME Warehouse Levels (August 19, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 13 (change from August 6 in brackets):MetalStock (tonnes)ChangeAluminium1297275…
Verena eyes Russian gold (August 19, 2002)
Toronto-based Verena Minerals (YVM-V) will acquire a 60% interest in the Bamsky and Vladimirsky gold deposits in Russia from a group of vendors including Nordic Resource Group, Apsakan, Tokuringra Joi…
Trading Summary (August 16, 2002)
Toronto stocks managed to close out the week with modest gains despite a 2% decline in the gold subindex. The S&P/T…
Placer extends offer, advances Pueblo Viejo
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has yet again extended its unconditional final…
TVX posts improved earnings (August 16, 2002)
Buoyed by a higher gold price and the sale of its residual interest in the Casa Berardi mine in northwestern Que.,…