News

Benchmark’s woes cast shadow over resource sectors

The Oct. 14-20 report period saw the Toronto Stock Exchange plunge to levels not seen in four years as the proposed U.S.-led war on Iraq gained steam and the banking and high-tech sectors issued more …


Junior market takes it on the chin

Vancouver — Halloween came early for investors in Canada’s junior exchange as sellers drove the market to yet another 52-week low during the report period ended Oct. 8. The Standard & Poor’s-TSX Vent…


Namco sets production record

Marine diamond miner Namibian Minerals (NMR-T) cranked out 117,050 carats during the July-to-September period, eclipsing the quarterly record of 116,560 carats set in early 1999.”The third quarter is …


Producer and Dealer Prices (October 14, 2002)

Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium>: Mid-mkt US$0.31/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6645/lb…


Gabriel advances Rosia Montana

In Romania, Gabriel Resources (GBU-T) has acquired 71 properties under its plan to resettle the town of Rosia Montana. The acquisitions are designed to clear the way for construction of a new gold min…


Bema Gold makes ‘pre-emptive strike’

Eyeing some attractive South African gold assets, junior Bema Gold (BGO-T) has agreed to merge with fellow Vancouverite EAGC Ventures (YEV-V), formerly East Asia Gold.Under the deal, Bema is offering …


Quebec gold juniors still on the move

Rouyn-Noranda, Que. — The annual convention of the Quebec Prospectors’ Association, held here recently in the heart of the Abitibi, is shining a spotlight on the many exploration and development proj…



Economic uncertainty holds back gold demand

Overall gold demand for jewelry, retail investment, industrial and dental uses amounted to 729 tonnes in the second quarter of 2002, 14% lower than a year earlier, according to a report by the London-…


Alcoa profits nearly halved (October 14, 2002)

U.S. aluminum giant Alcoa (AA-N) has reported a 43% drop in third-quarter earnings, owing to a global oversupply of aluminum and the slow economy.Alcoa, traditionally one of the first major U.S. firms…


Editorial: Colonial minds

Jean Chrtien’s imbecilic remarks last month about how poverty causes terrorism — and his woolly-minded connection of Arab terror to African underdevelopment — show that when uninformed people start…


NAME CHANGES (October 14, 2002)

South Atlantic Resources (SCQ-V) has changed its name to South Atlantic Ventures (SAA-V) on a 1-new-for-6-old-share basis…


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