Freeport issues Q2 warning
Heavy rainfall at its Grasberg mine in Irian Jaya, Indonesia, combined with delays in reaching higher-grade ore, has forced Freeport McMoRan Copper & Gold (FCX-N) to lower its forecast production and …
2002
Northern Miner Indices (July 08, 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…
Daily Metal Prices (July 08, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 2July 1June 28June 27June 26Aluminium1362/1383…
High River boosts Taparko stake (July 08, 2002)
High River Gold Mines (HRG-T) has exercised its option and picked up an additional 18.5% interest in the advanced Taparko project in Burkina Faso, West Africa, from Queenstake Resources (QRL-T).In ret…
Latest corporate downfall ignites investor revolt
As pessimism in multinational conglomerates stretched across the Atlantic, the Toronto Stock Exchange S&P/TSX plunged 107.41 points over the holiday-shortened June 26-July 2 report period, ending the …
TSX Venture exchange slumps with gold
Vancouver — Canada’s junior exchange followed the gold price down over the holiday-shortened week ended July 2. The Standard & Poor’s-TSX Venture composite index lost 32.45 points, or 2.7%, to close …
Mine owner flees after explosion
The state-run New China News Agency reports that a Chinese mine owner is on the run after an investigation into an explosion at a gold mine in Shanxi province led to the discovery of 35 bodies.It was …
Correction (July 08, 2002)
Our Venture Exchange market report of June 17 referred to American Bonanza Gold Mining (BZA-V) as “cash-strapped.”Shortly before that issue went to press, the company had completed a public offering o…
LME Warehouse Levels (July 08, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 2 (change from June 25 in brackets):MetalStock (tonnes)ChangeAluminium1253975(+2…
Moydow waits for Newmont
A July 24th decision by Newmont Mining (NEM-N) regarding the fate of the Ntotoroso gold project in Ghana’s Sefwi gold belt is looming large for equal joint-venture partner Moydow Mines International (…
Holmer confirms Timmins mineralization (July 08, 2002)
The first eight holes of an ongoing drill program have confirmed previous results at the Timmins project of Holmer Gold Mines (HGM-V).Between 1996 and 1998, Holmer outlined five near-surface parallel …
