TSE Short Positions (August 19, 2002)
Short positions outstanding at July 31, 2002Larger individual positions includeAgnico-Eagle 5,867,009 up 808,433; Alcan Inc. 871,161 down 324,145; Aur Resources 579,245 down 56,116;…
News
Gold’s prospects dominate Aussie mining conference
Kalgoorlie, Australia — Consolidation in the gold mining sector and an optimistic outlook for the price of bullion over the next 18 months had delegates in high-spirits at the 10th annual Diggers & D…
Afri-Can ups stake in Block J
Using proceeds from a private placement, Afri-Can Marine Minerals (afa-v) will renew sampling at the Block J marine diamond concession, 105 km north of Luderitz, Namibia.Block J extends 45 km northwar…
Daily Metal Prices (August 19, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 13August 12August 9August 8August 7Al Alloy1…
Rio Narcea bullish at Aguablanca (August 19, 2002)
Having completed a bankable feasibility study of its advanced Aguablanca nickel-copper project in southern Spain, Rio Narcea Gold Mines (RNG-T) is awarding engineering contracts and arranging project …
Restructured Newmont proves profitable
Shareholders of Newmont Mining (NEM-N) got their first hard look at their “new” company, as the Denver-based gold giant released its first quarterlies, showing the full effects of its February merger …
DRC expands former-producing Afton mine
Vancouver — With $5 million in its coffers, DRC Resources (DRC-V) is busy expanding the resource at the Afton copper-gold project, near Kamloops, B.C.This year’s $1.1-million drilling campaign, which…
Pacific Rim options Cerro Gaspar (August 19, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has inked a deal to earn a 60% interest in the Cerro Gaspar project in northeastern El Salvador from Brett Resources (brn-v).The company can do so by spending U…
Anglo American to pay for AIDS drugs
Anglo American says it will pay for antiretroviral drugs for employees suffering from HIV/AIDS.The program could cost as much as R16.8 million (US$1.6 million) in the first year. In addition to extend…
Trading Summary (August 16, 2002)
Toronto stocks managed to close out the week with modest gains despite a 2% decline in the gold subindex. The S&P/T…
Placer extends offer, advances Pueblo Viejo
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has yet again extended its unconditional final…
TVX posts improved earnings (August 16, 2002)
Buoyed by a higher gold price and the sale of its residual interest in the Casa Berardi mine in northwestern Que.,…