Miramar hits targets
Vancouver — Despite the temporary suspension of the Con autoclave, Miramar Mining (MAE-T) expects to exceed 2002 production forecasts at its operations at Yellowknife, N.W.T.The recent second quarter…
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Northern Miner Indices (July 29, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Andean American expands in Peru (July 29, 2002)
Vancouver — Andean American Mining (AAG-V) reports that exploration is in full swing at its recently expanded Santa Rosa property in southern Peru.An L-shaped trench was recently dug 650 metres north…
Placer high on Howards Pass
Exploration is planned for the high-grade Central zone on the Howards Pass lead-zinc prospect of Canex Placer, a wholly owned subsidiary of Placer Development, on the border of the Yukon and Northwest…
E3 manual goes online
Users will have their first peek at the Environmental Excellence in Exploration (E3) e-manual in early August, when the Prospectors & Developers Association of Canada makes part of it available for vi…
Fire assay course in Montana
The Center for Advanced Mineral and Metallurgical Processing at the University of Montana will host a course on fire assaying.The course, slated for Aug. 18-23 at the Fairmont Hot Springs Resort, is d…
PEOPLE (July 29, 2002)
Coeur d’Alene — Mitchell Krebs appointed director of corporate development.Desert Sun — Eric Edwards appointed CFO; Peter Bojtos appointed director; William Pearson and Godfrey Walton appointed cons…
GREATEST VALUE TRADED, JULY 17-23
ExchgVal($000s)HighLowCloseChangeAlcanT61938550.3541.4141.41-6.40…
US mining shares walloped
The 7-day period that ended July 23 was marked by relentless waves of panic selling in markets across the world. In the U.S., the S&P 500 index sank 11.4% to 797.71 points, the Dow Jones Industrial Av…
TSE Short Positions (July 29, 2002)
Short positions outstanding at July 15, 2002Larger individual positions includeAber Diamond 371,442 down 108,881; Agnico-Eagle 5,058,576 down 256,686; Alcan 1,195,306 down 692,465;…
Low costs at El Peon buoy Meridian (July 29, 2002)
The El Peon gold mine in Chile remains one of the world’s lowest-cost producers, enabling Meridian Gold (MNG-T) to post net earnings of US$11.3 million for the second quarter of 2002.The income, whic…
Lower output whacks FCX earnings
True to its early-July warning, Freeport-McMoRan Copper & Gold (FCX-N) has seen its bottom line eroded by heavy rainfall and lower head grades at the Grasberg mine in Indonesia.In the second quarter, …