Dines advises loading up on golds and silvers
One of the small lessons learned by new investors is that those experts who glibly say “you can’t time the market” are usually the ones who are just not very good at it.One proven master of market tim…
Newmont Mining Corporation
Investors bail out of junior stocks
Vancouver — A lack of buyers, combined with a wave of sell orders, pushed Canada’s junior exchange to its largest weekly point decline of the year. During the report period ended July 23, the Standar…
Record amounts spent on Aussie gold search
A record A$7.6 billion will be spent exploring for gold in Australia in 2002-03, up from A$6.7 billion in 2000-01, according to a survey by the Australian Gold Council.Gold producers will account for …
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…
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…
Queenston drills at Kirkland Lake
Fresh on the heels of a $5-million financing, Queenston Mining (QMI-T) has closed the purchase of Newmont Mining’s (NEM-N) half-interest in the Kirkland Lake joint venture in Ontario and launched a ne…
Teck Cominco joins Wolfden’s pack (July 22, 2002)
Teck Cominco (TEK-T) has entered into an agreement with Wolfden Resources (YWO-V) to participate in the exploration of the High Lake volcanogenic massive sulphide property on Bathurst Inlet in Nunavut…
Hecla ups 2002 production targets
Continued operating success at the La Camorra gold mine in Venezuela and the San Sebastian silver mine in Mexico’s Durango state is allowing Hecla Mining (HL-N) to revise its production estimates for …
AurionGold advises rejection of Placer offer
Directors of Australian gold miner AurionGold have gone beyond their initial recommendation that shareholders not react to Placer Dome’s (PDG-T) hostile, all-share takeover offer. They are now advisin…
Barrick doubles Alto Chicama resource estimate (July 15, 2002)
Infill drilling by Barrick Gold (ABX-T) on the Lagunas Norte deposit has more than doubled the inferred resource at the 185-sq.-km Alto Chicama property in north-central Peru.The resource now stands a…
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Queenston revs up printing press
Higher demand for its paper has prompted Queenston Mining (QMI-T) to increase the size of a private share offering.The placement now consists of 6.25 million units priced at 80 apiece. Half the units…