Harmony eyes High River stake
South Africa’s third-largest gold producer Harmony Gold Mining (HGMCY-Q) has agreed to acquire more than 17 million…
News
Precious metals miners shine
While gold prices ended the report period virtually unchanged at around US$317 per oz., gold bugs drew encouragement that most of the gold miners showed uncharacteristic strength and added to the prev…
Goldcorp earnings up
When asked what it did last summer, Goldcorp (G-T) has both an interesting and a lucrative story to tell. It made money from mining gold, holding gold, and from dabbling in the stock market.Goldcorp p…
Cost-cuts keep Northgate in the black
Vancouver — Cost-cutting, coupled with its gold and currency hedging programs, enabled Northgate Exploration (NGX-T) to turn a profit in the third quarter.The company earned US$982,000 (or US1 per s…
The Shanghai gesture
The Shanghai Gold Exchange is opening just as gold prices are returning to levels they had not seen in five years (neglecting the brief spike at the time of the Washington gold-sales agreement in late…
Producer and Dealer Prices (November 11, 2002)
Antimony: Mid-mkt US$2,850/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.40/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.20-6.95/lb.Copper: Comex Dec US$0.7255/lb.
Northern Miner Indices (November 11, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Rate cuts boost junior market
Vancouver — Anticipating a cut in the U.S. Federal Reserve rate, investors started to nibble on stocks during the week ended Nov. 5. As a result, the Venture Exchange’s S&P Composite Index jumped 27….
The Vandoos and don’ts
Exploring for minerals in the sleepy, rural districts of Nova Scotia can sometimes produce trials and tribulations.In the late 1960s, I wanted to drill just one hole for barite in Sam King’s sheep pas…
McWatters to restart Sigma-Lamaque mill
Having suspended operations at its Kiena underground mine in Val d’Or, Que., McWatters Mining (MWA-T) is looking to regain its gold-producing status by reopening the nearby and newly expanded Sigma-La…
Editorial Cartoon (November 11, 2002)
NAME CHANGES (November 11, 2002)
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.