Canadian Stock Exchange Indices (October 27, 2003)
DateOct. 20Oct. 17Oct. 16Oct. 15Oct. 14HighLowTSX Composite7719.85…
News
AngloGold boosts Ashanti bid (October 27, 2003)
AngloGold (AU-N) has bumped its all-share offer for Ghanaian-based Ashanti Goldfields (ASL-N) by 11.5%.The world’s third-largest gold producer is now offering 0.29 of an AngloGold share for each share…
Gold rallies as Barrick breaks the mold
Gold roared back to life in the Oct. 15-21 report period, rising US$4 to a London morning fix of US$374.80 per oz. Silver also shone, rising US6 over the five trading days to finish at US$5 per oz.Ba…
Lateegra cuts gold at Del Norte, Clone
Vancouver — Lateegra Resources (LEG-V) is pleased with initial results from drilling at its Clone and Del Norte properties, 20 km southeast of Stewart, B.C.Del Norte, which Lateegra shares with Teuto…
Slippage causes deaths at Grasberg
Vancouver — A slippage accident at the Grasberg copper-gold mine in Indonesia has caused the deaths of eight workers.In the second fatal accident at the mine in three years, two workers were killed, …
Copper issues lead the way on junior exchange
Vancouver — Canada’s junior exchange finished the trading week ended October 21st on a strong note, with investors eyeing juniors with exposure to the copper market. The S&P-TSX Venture Exchange comp…
Underground mining resumes at Springlake
AfriOre (AFO-T) has resumed underground production at the Springlake anthracite mine, north of Dundee in the South African province of KwaZulu-Natal, after recovering the remains of a load-haul-dump m…
Builders and monuments
Two deaths in the months just past show that the Canadian mining industry is gradually passing out of the hands of a generation that made it great.In losing Douglas Hume and James Harquail, two well-k…
Accounting principles out of sync
The rationalization of the international gold mining industry is one of the most profound examples of globalization. The quest of the major players in this industry to reduce production costs, attract…
The Northern Miner Indices (October 27, 2003)
North American Mining: 94.07 (+1.63)Small Producers: 89.01 (+2.15)(Sept. 30/98 = 100)…
Fire shuts down Morenci
A fire at one of four solvent-extraction plants at Phelps Dodge’s Morenci copper mine in Arizona curtailed production for four days during the report period ended Oct. 21. The fire severely damaged fo…
Goulagou yields gold for St. Jude
Vancouver — St. Jude Resources (SJD-V) has tabled additional encouraging drill results from its Goulagou gold project in Burkina Faso.The company is drilling the GG1, GG2 and Yabonsgo gold prospects,…