Ken Barr remembered
I first met Ken Barr in 1983, when I was relatively new to the investment business, at least from the position of advising individual investors on their portfolios. Given my background in geology and …
News
Vanadium on the rebound
In the first quarter of 2003, the vanadium market finally showed signs of improving, according to a report by British market analyst Roskill. The improvement followed an extended period of chronic ove…
Noranda reorganizes south of border
Noranda has reorganized its U.S.-based recycling operations into a new company in an attempt to boost sales.Noranda Recycling, based in San Jose, Calif., will have about 200 emloyees, with plants situ…
Review board calls for development of Snap Lake project
The Mackenzie Valley Environmental Impact Review Board has recommended development of the Snap Lake underground diamond project, following a 14-month assessment.Upon approval by the federal minister o…
Goldcorp juggernaut keeps on rolling
Goldcorp (G-T) enjoyed another strong quarter, thanks to higher gold prices and the exceptional quality of the Red Lake mine in northwestern Ontario.Second-quarter earnings jumped 11% to US$17.8 milli…
Virginia, BHP renew vows
Virginia Gold Mines (VIA-T) and BHP Billiton’s (BHP-N) diamond exploration arm have signed a third agreement in as many years.The latest deal involves jointly surveying, sampling and exploring some 25…
Editorial Cartoon (August 11, 2003)
KEGS hands out scholarships
The Canadian Exploration Geophysicists Society (KEGS) Foundation has awarded scholarships for the upcoming academic year to nine undergraduate students in geophysics at six Canadian universities.The r…
Lending Rates (August 11, 2003)
as of 4 pm ET, Aug. 5, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Prime4.00LIBOR US$ 3-month1.14LIBOR US$ 6-month1.21LIBOR US$ 1-year1.41Gold lease 3-month0.14Go…
Rising rand hits African gold miners
Vancouver — Africa’s biggest gold producers felt the impact of a falling U.S. dollar during the second quarter.AngloGold (AU-N) earned US$66 million in the three months ended June 30, or 11% less tha…
Canadian Stock Exchange Indices (August 11, 2003)
DateAug. 5Aug. 4Aug. 1July 31July 30HighLowTSX Composite7189.54…
Pele lures De Beers to Wawa (August 11, 2003)
The Canadian exploration arm of De Beers has entered into an option agreement with Toronto-based Pele Mountain Resources (GEM-V) at the latter’s 100-sq.-km Festival diamond property, 25 km north of Wa…