Letting in some light
“Sunshine is the best disinfectant.”– James Gallagher, first president of the Canadian Trading and Quotation System, in late 2001.This newspaper was one of those voices that bayed loudest for tight r…
News
Barrick sees operating cash flow shrink
Lower production and higher costs at the Meikle mine in Nevada prevented Barrick Gold (ABX-T) from realizing stellar earnings in the quarter ended June 30.The major reported a profit of US$59 million …
Ken Barr remembered
I first met Ken Barr in 1983, when I was relatively new to the investment business, at least from the position of advising individual investors on their portfolios. Given my background in geology and …
Vanadium on the rebound
In the first quarter of 2003, the vanadium market finally showed signs of improving, according to a report by British market analyst Roskill. The improvement followed an extended period of chronic ove…
Noranda reorganizes south of border
Noranda has reorganized its U.S.-based recycling operations into a new company in an attempt to boost sales.Noranda Recycling, based in San Jose, Calif., will have about 200 emloyees, with plants situ…
Gold Fields doubles Radius stake (August 11, 2003)
Vancouver — South African-based Gold Fields (GFI-N) now holds a 12.9% stake in junior Radius Explorations (RDU-V).The major, which currently lays claim to 3.6 million shares of the Simon Ridgway-led …
Odyssey renews Altintepe drilling (August 11, 2003)
Odyssey Resources (ODX-V) has resumed drilling at the Altintepe gold project in north-central Turkey.The current work is focused on the Seyliktepe and Karakis areas, where 500-700 metres are planned. …
Aquiline sums up Calcatreu
With the final drill results now in hand, Aquiline Resources (AQI-V) has begun an independent resource estimate of the Calcatreu gold project in Argentina.The study, which will incorporate historic an…
Richmont buys into Patricia
Small gold producer Richmont Mines (RIC-T) is investing $1 million in Toronto-based junior Patricia Mining (PAT-V) in order to help the latter advance its wholly owned Island Gold project, near Wawa, …
Daily Metal Prices (August 11, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 5Aug. 4Aug. 1July 31July 30Al Alloy1365/1370…
Canada’s junior exchange continues run
Vancouver — Canada’s junior exchange continued its bull run as select resource stocks rallied over the week ended Aug. 5. The S&P-TSX Venture Exchange composite index added 22.73 points, or 1.9% of v…
Holiday hangover overcomes market
The holiday-shortened July 30-Aug. 5 report period was marked by more sellers than buyers, causing the Toronto Stock Exchange composite index to slip 37.81 points and land at 7,180.54.Gold reversed co…