Base metals diverge, golds plunge deeper
The Toronto Stock Exchange composite index plunged 80.77 points over the Feb. 26-Mar. 4 report period to finish the week at 6,422.33.On March 5, gold settled at a London morning fix of US$354.50 per o…
Placer Dome Inc
Gold’s recovery lands Placer Dome in the black
Vancouver — Higher gold prices helped Placer Dome (PDG-T) generate sizable earnings in 2002, though US$40 million of unforeseen charges soured the profit margin in the fourth quarter.The company earn…
Northern Miner Indices (March 03, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
GREATEST VALUE TRADED, FEB. 19-25
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N49116828.4926.9727.12-0.06…
Harmony targets Australia’s Abelle
South Africa’s third-largest gold producer, Harmony Gold Mining (HMY-N), has launched an A75-per-share bid for all the shares of Perth, Australia-based Abelle.The offer represents a 14% premium over …
MOST ACTIVE ISSUES, FEB. 19-25
ExchgVol(000s)HighLowCloseChangePlacer DomeT2085016.5413.8413.89-2.03…
Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…
Diamonds among best bets for ’03
The Northern Miner asked several followers of the junior mining sector for their recommendations and predictions for 2003. Last week we heard from John Kaiser and Donald Poirier. This week, James Must…
GREATEST VALUE TRADED, JAN. 29-FEB. 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N59697430.0028.5829.79+0.33…
Drilling resumes at McCuaig (February 10, 2003)
Partners Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) have resumed drilling at the McCuaig property in the Red Lake camp of northeastern Ontario.The pair will drill upwards of 10,000 metr…
NovaGold eyes more gold at Donlin (February 10, 2003)
NovaGold Resources (NRI-T) expects the final round of 2002 drilling on the Donlin Creek project in Alaska to expand current resources and boost five high-grade zones to the status of measured and indi…
Kinross jumps to senior ranks as gold soars
Although it came as no surprise, Kinross Gold made headlines over the Jan. 28-Feb. 4 report period by concluding its long-awaited 3-way merger with TVX Gold and Echo Bay Mines to become Canada’…