Daily Metal Prices (April 08, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 2April 1March 29March 28March 27Aluminium1379…
Articles by Northern Miner Staff
Producers rise with gold price
The Dow Jones Industrial Average shed 3.8% to finish the March 27-April 2 report period at 10,313.71 points, while the Standard & Poor’s 500 shed 1.5% to end at 1,136.76 points.Gold shot past US$300 p…
Resource stocks rally with higher Metal Prices
Buoyed partly by stronger resource stocks, the Toronto Stock Exchange 300 index ascended 136.7 points over the holiday-shortened March 27-April 2 report period to finish the week at 7,893.39.Gold soar…
Olympus eyes gold-bearing skarn (April 08, 2002)
Vancouver — With the price of gold moving higher, the timing could not be better for Olympus Pacific Minerals (OYM-V) to start drilling a high-grade skarn target on its Phuoc Son property in central …
CDNX moves into spring on bullish note
Vancouver — Canada’s junior exchange continued to gain momentum over the holiday-shortened report period ended April 2. The Standard & Poor’s-CDNX composite index jumped 20.65 points, or 1.7%, to clo…
Inco told to clean up houses
Ontario’s Ministry of Environment has ordered Inco to clean 25 residential properties polluted by its nickel refinery in Port Colborne.The decision is consistent with a draft order issued in October 2…
MOST ACTIVE ISSUES, MARCH 27-APR 2
ExchgVol(000s)HighLowCloseChangeKinross GoldT224672.391.962.13+0.23…
Learning from Musselwhite
The Musselwhite gold deposit in northwestern Ontario is on land belonging to First Nations. Dealing with the development concerns of First Nations created an additional challenge for Placer Dome beyon…
Ivanhoe tops up till
Robert Friedland-run Ivanhoe Mines (IVN-T) has raised $56.7 million by issuing 17.4 million shares at $3.25 apiece.The financing, announced only weeks ago, was underwritten by Griffiths McBurney & Par…
Summo tables restructuring plan (April 08, 2002)
Facing a cash crunch and a US$136-million price tag to advance its Terrazas copper-zinc project in Mexico, Summo Minerals (SMA-T) intends to settle all its outstanding debt and restructure its share c…
Trading Summary (April 05, 2002)
The Toronto Stock Exchange finished the week off with a 2.62-point loss closing Friday’s session at 7,781.4. Plus-1…
Anaconda narrows focus for Murrin Murrin
Suffering a A$457.5-million loss in the final six months of 2001 and looking to restructure its US$420-million debt…