Corrections (November 04, 2002)
Southern Star Resources is a wholly owned subsidiary of Colorado-based Golden Star Resources (GSC-T). Shares of publicly listed Southern Star Resources (YSO-V) trade on the Toronto Stock Exchange with…
News
NovaGold hits high grade at Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska has cut high-grade gold mineralization within the modeled confines of the Acma pit.Initial results from the st…
Spot Prices Wed. October 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$317.15+$3.75Silver$ 4.48+$0.07Platinum$590.00+$…
Canadian Stock Exchange Indices (November 04, 2002)
DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23HighLowTSX Composite6294.816419.376405.876336.86…
OM in freefall
After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…
Stillwater less profitable in Q3
Palladium producer Stillwater Mining (SWC-N) has endured another disappointing quarter, pocketing less than US$5 million in the three months ended Sept. 30.The US11-per-share profit comes on revenue …
Return of the commodity cycle
A study recently presented to the Department of Industry concludes that the energy industry is finding it difficult to raise investment capital, and that there is some danger the industry will cut bac…
Horne strike hits CCR refinery (November 04, 2002)
Noranda (NRD-T) intends to cut staff at its CCR refinery in Montreal by about 15%, citing revenue losses caused by striking workers at its Horne copper smelter in Rouyn-Noranda, Que.The smelter normal…
MOST ACTIVE ISSUES, OCTOBER 29
ExchgVol(000s)HighLowCloseChangeNelson ResT333440.650.550.60+0.05…
Daily Metal Prices (November 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23Al Alloy1255/126…
Blacks to own 26% of SA mines under new charter
The revised South African mining charter calls for 26% of every mine to be under black ownership within 10 years and for white-owned companies to help raise the R100 billion needed to achieve this obj…
Financing in hand for Samira Hill project (November 04, 2002)
The African Development Bank (ADB) has approved a US$12.5-million loan to La Socit des Mines du Liptako (SML) to finance the Samira Hill-Libiri gold mining project in Niger.SML is 80%-held by Africa…