Placer Dome Inc

Porgera’s problems persist

Placer Dome (PDG-T) expects its half-interest in the Porgera mine in Papua New Guinea to generate a third-quarter loss of US$7 million, owing to power interruptions.Vandals have damaged more power pol…




TSE Short Positions (September 30, 2002)

Short positions outstanding at September 15, 2002Larger individual positions includeAgnico-Eagle 5,919,985 up 253,219; Alcan 1,104,556 up 277,453; Barrick 7,940,421 down 416,532;…


Estrella zone holds promise for National Gold

Vancouver — A scoping study suggests that, even at US$300 per oz. gold, National Gold (NGT-V) can profitably mine the Estrella zone at its Salamandra property in Mexico’s Sonora state.The study, comp…



Benchmark lowered again, golds end mixed

Sellers outpaced buyers over the Sept. 18-24 report period, pushing the S&P/TSX Composite Index down 235.91 points. The benchmark finished the week at 6,068.89.The golds swam against the broader marke…


To move a mountain

The timing was ironic and largely unnoticed, but it was indeed interesting to note that at the same time the Montana State Legislature was meeting in Helena to fix a US$50-million hole in the state bu…


Offshore, again

After the collapse of the junior exploration market in the late 1990s, it is an unusual and refreshing experience to see more work being done by junior companies in the Pacific Rim. Perhaps this means…


Seabridge lures Noranda to BC

Vancouver — Junior Seabridge Gold (SEA-V) has signed a deal enabling Noranda (NRD-T) to earn a majority stake in the Kerr-Sulphside gold-copper project in northern British Columbia.Under the agreemen…




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