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…
News
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…
Producer and Dealer Prices (August 04, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.50/lb.Copper: Comex Sept. US$0.806/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Canadian Stock Exchange Indices (August 04, 2003)
DateJuly 29July 28July 25July 24July 23HighLowTSX Composite7227.35…
Exchange Rates (August 04, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 29July 28July 25July 24July 23US$ in C$1.38551.38191.38121.3…
Laurentian’s Pearson to receive McNeil Medal
David Pearson, an earth sciences professor at Laurentian University, will be awarded the Royal Society of Canada’s McNeil Medal at a ceremony in Ottawa in late November.The McNeil Medal was establishe…