Trading Summary (August 05, 2003)
Canada’s junior exchange started the trading week off flat with investors finding little reason to buy or sell spec…
News
Glamis posts lower gold output
Vancouver A production shortfall at its flagship San Martin mine in Honduras resulted in a flat profit picture fo…
Odyssey renews Altintepe drilling (August 05, 2003)
Junior Odyssey Resources (ODX-V) has renewed drilling at the Altintepe gold project in north-central Turkey.Dri…
Pele lures De Beers to Wawa (August 05, 2003)
Toronto-based Pele Mountain Resources (GEM-V) has attracted De Beers’ Canadian exploration arm into an option agree…
El Callao district abuzz with activity
El Callao, Venezuela — It’s a story that would make a Goldcorp shareholder nod and smile in recognition: workers at a tired, high-cost underground gold mine in a historic gold camp drill into a new z…
Noranda cuts dividend
Burdened with some $4.1 billion in net debt, Noranda (NRD-T) is slashing its traditionally juicy dividend by 40%.The decision, which entails reducing the quarterly payment to 12 from 20 per share, i…
Kisladag fine-tuned (August 04, 2003)
An optimization study calling for an accelerated expansion of the proposed Kisladag gold mine in Turkey provides a better return on capital, reports Eldorado Gold (ELD-T).The study, prepared by Hatch …
New junior market begins trading
Trading has started on the Canadian Trading and Quotation System (CNQ), a new electronic market for unlisted stocks. The trading began July 25 with nine dealer members on the market.The CNQ is providi…
Barrick geologist killed in Peru
Jorge Injoque, a geologist working for Barrick Misquichilca, the Peruvian subsidiary of Barrick Gold (ABX-T), has been killed after five men wearing masks attacked a Barrick exploration camp in the An…
Editorial Cartoon (August 04, 2003)
The Northern Miner Indices (August 04, 2003)
North American Mining: 80.68 (+2.99)Small Producers: 81.39 (+6.62)(Sept. 30/98 = 100)…
Producers jump with Metal Prices
Higher metal prices and a slew of earnings results pushed resources stocks generally higher over the July 23-29 report period. The gold and precious metals group finished the week 4.79 points ahead, a…