Eunsan attains commercial status
Five months after pouring the first dore bar, Ivanhoe Mines (IVN-T) has declared its Eunsan gold-silver mine in South Korea a commercial success.Since March, the mine has produced 2,300 oz. gold and 1…
2002
Business or stock play?
Last week we argued that stock-based compensation did a poor job of aligning management’s interests with those of the shareholders. The question of accounting for the cost of option plans, while it is…
Colorado Survey releases CD-ROM
The Colorado Geological Survey has released a CD-ROM titled Digital Inventory of Industrial Mineral Mines and Mine Permit Locations in Colorado. The disc lists industrial minerals, such as sand, grave…
Arctic resources snowball (August 12, 2002)
Drilling by South Africa’s Gold Fields (gfi-n) and Finnish-based Outokumpu has boosted the resource estimate at the partners’ Arctic Platinum Partnership project in northern Finland.Based on an additi…
Newmont rises with strong quarter
Newmont Mining turned in its first quarterly report since its mega-merger with Franco-Nevada Mining and Normandy Mining, and the results augur well for the company’s future. The company, now the world…
Golds bounce back, market looks slack
Despite some hundred-point days, the Toronto Stock Exchange moved sideways during the report period July 31-Aug. 6, with the TSX Composite index closing at 6,519.16, up a meagre 7.98 points over the f…
Daily Metal Prices (August 12, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 6August 5August 2August 1July 31Al Alloy1290…
Gold Funds (August 12, 2002)
Gold Funds as of August 6, 2002Dundee Precious MetalsCentral FundNet Valuen.a.$5.81Pricen.a.$6.55…
Iamgold retires Sadiola debt, sees earnings slip
Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…
China using more nickel
Nickel has shown remarkable resilience during the previous three years of world economic slowdown and recession, buoyed mostly by increased stainless steel production in China, according to the Econom…
Higher output, earnings for Golden Star
Better-than-expected gold production and a higher realized price for that material led Golden Star Resources (GSC-T) to record solid earnings during the second quarter.The company earned US$1.6 millio…
Mining exec wins Bolivian election
The Bolivian Congress has ended a presidential tie, picking millionaire mining executive Gonzalo Sanchez de Lozada to lead the South American country as it confronts economic problems and growing soci…