Phelps Dodge in the red
Vancouver — Legal settlements and writedowns for idled mining operations in the fourth quarter highlighted a terrible financial year for the world’s second-largest copper producer.Phelps Dodge (PD-N)…
News
The Northern Miner — North American Mining Index (February 10, 2003)
76.77 (-0.91)(Sept. 30/98 = 100)…
AFRICA
Operator Etruscan Resources (EET-T) and minority partner Mountain Lake Resources (MOA-T) have sold the first bundle of alluvial diamonds produced at the Tirisano mine at Ventersdorp, South Africa.The …
The Northern Miner — Small Producers Index (February 10, 2003)
98.59 (+6.79)(Sept. 30/98 = 100)…
Hoy awarded Provincial Geologist’s Medal
Canada’s geological community has awarded the 2002 Provincial Geologist’s Medal to Trygve Hoy, who devoted his career to exploring and documenting the rock formations of southeastern British Columbia….
Russian subsidiary powers High River
High River Gold Mines’ (HRG-T) attributable gold production grew by more than 43,000 oz. in 2002, thanks to an increased stake in its Russian subsidiary, Buryatzoloto.High River boosted its position i…
MOST ACTIVE ISSUES, JAN. 29-FEB. 4
ExchgVol(000s)HighLowCloseChangeWheaton Rvr MT234641.501.381.45-0.04…
Surging gold energizes Venture Exchange
Vancouver — With a little help from gold, Canada’s junior exchange closed the week ended Feb. 4 on an uptick. The S&P-TSX Venture Exchange composite index added 15.6 points, or 1.4% of its value, and…
Exchange Rates (February 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29US$ in C$1.51431.52011.52901.530…
Drilling resumes at McCuaig (February 10, 2003)
Partners Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) have resumed drilling at the McCuaig property in the Red Lake camp of northeastern Ontario.The pair will drill upwards of 10,000 metr…
Editorial Cartoon (February 10, 2003)
Canada should take tougher line with Mugabe Hope fades in Zimbabwe
There appears to be no substance to recent reports that leading figures in Zimbabwe’s dictatorial governing party, the African National Union (ZANU-PF), had agreed to a deal under which President Robe…