Extra items pump up Placer earnings
Vancouver Extraordinary items propelled Placer Dome (PDG-T) to a US$66 million, or US$0.16 per share profit in th…
News
Soquem drops Clearwater back-in (July 30, 2003)
Quebec government-owned Soquem has waived it back-in right to regain a 25% stake in the Clearwater gold project in…
Gold Fields doubles Radius stake (July 30, 2003)
Vancouver South African-based Gold Fields (GFI-N) now holds a 12.9% stake in junior Radius Explorations (RDU-V)….
Trading Summary (July 29, 2003)
Toronto’s gold stocks led the broader market 57.19 points lower to 7,227.35 on Tuesday; the Gold Index shed 5.61 po…
Barrick earnings flat (July 29, 2003)
Barrick Gold’s (ABX-T) earnings came in flat at US$59 million (or US11 per share) for the three months ended June…
BHP Far West hit hot hole
Vancouver One of the 13 reverse circulation drilled holes collared on the Candelaria iron oxide copper-gold proje…
Trading Summary (July 28, 2003)
The Toronto Stock Exchange ended Monday’s trading session 21.92 points higher at 7,284.54 with all but three subind…
Noranda slashes dividend, posts loss
Facing $4.1 billion in net debt, Noranda (NRD-T) is slashing its traditionally juicy divided by 40%.The surpris…
Phelps Dodge trims losses (July 28, 2003)
Vancouver The World’s second largest copper producer made it nine consecutive quarters without a profit by tallyi…
Workshops to address cyanide
Two workshops designed to educate people about the International Cyanide Management Code have been rescheduled for Aug. 20-21 in Johannesburg, South Africa.The first workshop will explain how mining c…
Gabriel’s Romanian woes
Having already scrapped a $28-million bought-deal financing, Gabriel Resources (GBU-T) has nixed its backup plan to sell the 10 million shares at $2.80 apiece on a best-efforts basis.Proceeds from the…
Metals Commentary: Restarts augur well for copper
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current copper and lead markets.)The outlook for global copper supplies i…