Agnico-Eagle shares drop on financing news
Shareholders of one of the darlings of the retail gold-bug crowd, Agnico-Eagle Mines (AGE-T), received a swift kick in the goolies in late October as the company unveiled plans for a dilutive, US$167-…
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Black gold offsets red ink for Teck
Vancouver — Low zinc and copper prices, combined with lower production at the company’s refineries, took their toll on Teck Cominco (TEK-T) in the third quarter. However, the diversified miner manage…
The Northern Miner — North American Mining Index (November 11, 2002)
70.89 (+2.79)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 11, 2002)
74.39 (+6.57)(Sept. 30/98 = 100)…
Goldcorp earnings up
When asked what it did last summer, Goldcorp (G-T) has both an interesting and a lucrative story to tell. It made money from mining gold, holding gold, and from dabbling in the stock market.Goldcorp p…
Cost-cuts keep Northgate in the black
Vancouver — Cost-cutting, coupled with its gold and currency hedging programs, enabled Northgate Exploration (NGX-T) to turn a profit in the third quarter.The company earned US$982,000 (or US1 per s…
Atlas Copco signs deal with DMC Drilling
Atlas Copco has signed a partnership agreement with Coniston, Ont.-based DMC Drilling Supplies to service the underground diamond drilling community in Sudbury, Ont.DMC has spent the past 10 years sup…
McWatters to restart Sigma-Lamaque mill
Having suspended operations at its Kiena underground mine in Val d’Or, Que., McWatters Mining (MWA-T) is looking to regain its gold-producing status by reopening the nearby and newly expanded Sigma-La…
Spot Prices Wed. November 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.50+$0.35Silver$ 4.50+$0.02…
GQ yields more diamonds
Six of seven heterolithic breccia outcrops on Band-Ore Resources’ (BAN-T) GQ property, near Wawa, Ont., have returned diamonds.The best results came from the Rainbow zone, where a 54-kg sample from a …
China selling mining rights to foreign investors
The Chinese government is about to establish a state-run auction house for the purpose of selling the country’s mining rights to the highest bidder.The auction house, known as China Mining Lianfa Auct…
Canadian Stock Exchange Indices (November 11, 2002)
DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30HighLowTSX Composite6399.646432.656321.406248.80633…