Franco, Normandy rise on Newmont bid
Gold prices experienced two mini-rallies during the Nov. 7-13 trading period before settling down to a trading range of US$277-278 per oz.The first spike came on the morning of Nov. 12 following the c…
Barrick Gold Corporation
Silver Standard active in Argentina
Vancouver — Junior Silver Standard Resources (SSO-V) reports impressive results from infill and exploration drilling at the Manantial Espejo silver-gold project in Argentina’s Santa Cruz province.So …
Northern Miner Indices (November 19, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Northern Miner Indices (November 12, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Weaker US dollar to benefit gold
Gold will remain a financial refuge in these uncertain times and the year-old bull run in gold equities has not yet reached its peak, according to an October 15th report by HSBC.The document, compiled…
Bull run continues in gold stocks
Gold settled into a new, higher trading range of US$278-280 per oz. during the Oct. 31-Nov. 6 trading period, as the U.S. dollar showed some weakness in the face of widespread layoffs and slowing indu…
Getchell drags down Placer (November 05, 2001)
Vancouver — A US$292-million writedown on the Getchell mine, near Winnemucca, Nev., pushed North America’s fourth-largest gold miner deep into the red during the third quarter.The one-time charge cau…
Barrick earnings slip
Lower production and higher costs combined to reduce third-quarter earnings for Barrick Gold (ABX-T).Net earnings topped US$66 million (or 17 per share) in the three months ended Sept. 30, US$20 mill…
Cut in Bank of Canada rate falls on deaf ears
Hoping to boost investor confidence, the Bank of Canada shed 75 basis points from its key lending rate on Oct. 23, bringing it to a 40-year low. But so far, the decision appears to have backfired: the…
Oliver poised to merge with private company
Vancouver — Oliver Gold (OGO-V) has proposed merging with privately owned Hastings Resource, which holds the rights to the Ona-Puma nickel laterite project, in the northern Brazilian state of Par.H…
Northern Miner Indices (October 29, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Northern Miner Indices (October 22, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…