Spot Prices Wed. July 24, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$313.60-$4.15Silver$ 4.86-$0.14Platinum$520.00-$…
Articles by Northern Miner Staff
Pit failure to cost Cameco 200,000 oz. (July 29, 2002)
A pit-wall failure that killed a miner at the Kumtor gold mine in Kyrgyzstan will reduce this year’s production by 200,000 oz., says part-owner Cameco (CCO-T).The rock slide, which happened in early J…
Plunging power profits hit Teck
Vancouver — Artificially high power prices brought on by an energy shortage in the U.S. battered the bottom line of Teck Cominco (TEK-T) in the second quarter.The world’s largest zinc miner earned $8…
MOST ACTIVE ISSUES, JULY 17-23
ExchgVol(000s)HighLowCloseChangeBarrick Gold*N2698717.6014.1514.32-2.89…
Victoria Island drilling hits dyke system
Diamonds North Resources (DDN-V) has intercepted multiple kimberlite dykes while drill-testing two targets at the Blue Ice property on Victoria Island in Nunavut.Six separate intervals of kimberlite w…
Afri-Can boosts Block J stake (July 29, 2002)
Junior Afri-Can Marine Minerals (AFA-V) has increased its stake in the Block J marine concession in Namibia to 60% from 50% by paying $125,000 to Woduna Mining Holding. Consequently, Woduna now holds …
Exchange Rates (July 29, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 23July 22July 19July 18July 17US$ in C$1.57851.55601.53851.5…
Dines advises loading up on golds and silvers
One of the small lessons learned by new investors is that those experts who glibly say “you can’t time the market” are usually the ones who are just not very good at it.One proven master of market tim…
Anglo bids farewell to Kolwezi (July 29, 2002)
Anglo American (AAUK-Q) has decided to sell its half-interest in Congo Mineral Developments (CMD), the joint venture with America Mineral Fields that holds a 60% interest in the Kolwezi copper-cobalt …
NAME CHANGES (July 29, 2002)
Harambee Mining (HAB-V) has changed its name to Neur Kapital (NEU-V) on a 1-new-for-3-old-share basis.Consolidated Magna (CMV-V) has changed its name to Skinny Technologies…
Gold Funds (July 29, 2002)
Gold Funds as at July 18, 2002Dundee Precious MetalsCentral FundNet Value$22.46$6.02Price$17.06$6.75…
Crew gets nod for Nalunaq financing (July 29, 2002)
Vancouver — With US$8 million in hand from a recently approved credit facility arranged with Standard Bank London, Crew Development (CRU-T) is advancing its Nalunaq gold deposit in southern Greenland…