Understanding Graham
I respectfully disagree with the editorial criticism of Ben Graham (Risk without Wealth, T.N.M., July 22-28/02). A pairing of poor values with volatile prices do not make equity markets doubly unattra…
News
Feds fund scholarships
The federal government has given $24,000 in scholarships to geomatics students under the Geomatics Canada Scholarship Program.Under the plan, 16 college and university students received scholarships w…
Maverick Minerals suspends Elsa project
Work has been suspended at the Keno Hill tailings reprocessing project, operated by A.M.T. Canada, a subsidiary of U.S.-listed Maverick Minerals Corporation (mavm-o) of Nevada.Maverick, which had take…
PFN kicks off Agnew drill program
Vancouver — Pacific North West Capital (PFN-V) has begun diamond drilling at its Agnew Lake platinum group metal (PGM) property, near Sudbury, Ont.The company is earning a half-interest in the proper…
Noranda nixes Montana silver project
Faced with slumping metal prices, Noranda (NRD-T) has decided to discontinue work at at the Montanore copper-silver project in northwestern Montana after an updated feasibility study deemed the projec…
Axmin outlines resource at Kofi SW
African gold explorer Axmin (AXM-V), fresh from recent discoveries in the Central African Republic, has put a resource number to one of its prospects in Mali.Reverse-circulation drilling earlier this …
Daily Metal Prices (August 26, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14Al Alloy1241/125…
Producer and Dealer Prices (August 26, 2002)
Antimony: Recent trades US$1,750-2,000/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-7.05/lb.Copper: Comex Sept US$0.6815/lb…
TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
Weaker gold price puts chill in eastern markets
The Toronto Stock Exchange’s Composite Index managed to gain 105.22 points, or 1.6% of its value, to end the Aug. 14-20 report period at 6,655.29 points. The brunt of the work was done during the last…
Junior exchange sings summertime blues (August 26, 2002)
Vancouver — Canada’s junior exchange continued to slide into bear territory over the week ended Aug 20. The TSX Venture Exchange composite index lost 23.55 points, or 2.3% of its value, to close at 1…
Supreme court dismisses Westray suit
The Supreme Court of Canada has refused to hear the merits of a multimillion-dollar civil action against the government of Nova Scotia by representatives of families of workers killed in the Westray c…