Placer hops on merger bandwagon
The golds once again outshone the broad market, which slipped 27.73 points over the five trading days to finish the May 22-28 report period at 7,660.58. The gold index leaped ahead 9.83 points, or 4.5…
Placer Dome Inc
MOST ACTIVE ISSUES, MAY 15-21
ExchgVol(000s)HighLowCloseChangeKinross GoldT207953.882.933.83+0.79…
It’s the real thing, says Ing
The bear market of the past six years has been a lonely time for gold bugs, so it has to be gratifying for John Ing, one of gold’s steadfast defenders, to see signs that the market is turning.In a May…
Commentary: Some new perspectives on Busang’s red flags
According to the critics of Bre-X’s gold project in Kalimantan, Indonesia, the warning signs, or “red flags,” were numerous and obvious and should have alerted those involved that the gold mineralizat…
GREATEST VALUE TRADED, MAY 15-21
ExchgVal($000s)HighLowCloseChangeAurado ExplT101820.420.230.39+0.18…
Claude cuts gold at Currie Rose in Saskatchewan
Claude Resources (CRJ-T) has cut a new zone of gold mineralization on the Currie Rose property, near the company’s Seabee mine in the La Ronge district of northeastern Saskatchewan.In the winter, Clau…
Gold stocks shine as yellow metal rallies
The holiday-shortened report period of May 15-21 clipped 28.6 points off the S&P/TSX composite index, leaving it with a finish of 7,688.31.Gold led the precious metals in a rally not seen in some time…
Placer, Kinross join forces in Timmins camp
One of Ontario’s oldest mining districts is getting ready for a facelift.Kinross Gold (K-T) and Placer Dome (PDG-T) have signed a letter of understanding to form a joint venture that would combine the…
MOST ACTIVE ISSUES, MAY 8-14
ExchgVol(000s)HighLowCloseChangeKinross GoldT243563.272.843.04-0.06…
GREATEST VALUE TRADED, MAY 8-14
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N45284830.1828.0428.05-1.17…
Northern Miner Indices (May 20, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…