Trading Summary (August 06, 2002)
The gold issues led the S&P/TSX Composite Index 17.31 points lower to 6,519.16 points on Tuesday. The move brought…
Articles by Northern Miner Staff
Producer and Dealer Prices (August 05, 2002)
Antimony: Mid-mkt US$1,720/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Sept US$0.6925/lb.Indium: Ind…
Sherritt enjoys coal-fired quarter
Higher realized nickel prices helped Sherritt International (S-T) to improved second-quarter net earnings of $24.6 million.The profit, which translates into 15 per diluted share, is a marked improvem…
AngloGold trims hedge
Eyeing a strengthening gold price, AngloGold (AU-N) trimmed its hedge book by another 2.4 million oz., to 10.5 million oz., during the second quarter.The move, which followed a 1.7-million-oz. reducti…
Penasquito continuity confirmed (August 05, 2002)
Vancouver — The latest assay results from a recently completed 6,900-metre drill program on the Penasquito base metal property in Mexico have prompted Western Copper Holdings (WTC-T) to drill an addi…
Starfield bullish at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) reports encouraging results from stepout and infill drilling at its Ferguson Lake nickel/copper/ cobalt/platinum-group-metal project in Nunavut.A stepout hole …
Freewest finds
Surface drift prospecting by Freewest Resources Canada (FWR-V) has turned up angular boulders with high gold grades at the Smoke Lake property in the Hemlo area of north-central Ontario.Smoke Lake, a …
Policies aim to strengthen Canada’s north
The federal government has introduced policies designed to strengthen standards for environmental protection through the reclamation of producing mine sites.The policies were developed in consultation…
Looking out for shareholders
The arrest of John Rigas and two of his sons, all former executives of insolvent Adelphia Communications, on securities fraud charges, and revelations that executives at Qwest Communications Internati…
Wayside hits more gold (August 05, 2002)
Vancouver — With the latest drill results from the northwestern extension of the Bonanza Ledge prospect showing little gold, International Wayside Gold Mines (IWA-V) has remobilized its rig to the or…
Daily Metal Prices (August 05, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 30July 29July 26July 25July 24Al Alloy1295/128…
Equities bounce back at gold’s expense
The widespread rally in the global stock markets, which started on July 25, pulled the Toronto Stock Exchange TSX Composite index up 350.1 points in the report period July 24-30. The index closed at 6…