PEOPLE (September 02, 2002)
AfriOre — Stuart Comline appointed executive chairman; and Michael van Aswegen appointed president and CEO.Ledcor Industries — Mark Blakely appointed director of marketing.
News
Producers rise as broad market blows
The Toronto Stock Exchange composite index began the Aug. 21-27 report period on an upswing and stayed that way until the final day, when it reversed to 6,642.83 for a modest loss of 12.46 points over…
NAP’s Q2 earnings unchanged from 2001
Higher production in the second quarter translated into more revenue for North American Palladium (PDL-T), but earnings were little-changed from the corresponding period of 2001.NAP pocketed $7.5 mill…
Exchange Rates (September 02, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 27Aug. 26Aug. 23Aug. 22Aug. 21US$ in C$1.55201.55711.55581.5…
Canada’s Venture Exchange gains ground
Vancouver — Weak consumer confidence plus the threat of rising U.S. interest rates helped bolster the gold market over the week ended Aug. 27. The TSX Venture Exchange composite index tacked on 12.45…
Canadian Stock Exchange Indices (September 02, 2002)
DateAug. 27Aug. 26Aug. 23Aug. 22Aug. 21HighLowTSX Composite6642.836697.936614.346727.796664.91…
River Gold’s cash flow swells (September 02, 2002)
Despite lower production, River Gold Mines (RIV-T) posted a small profit of $105,957 (or nil per share) for the three months ended June 30.That compares with earnings of $739,150 (2 per share) in the…
Overproduction hurts mining
“Mining faces some of the most difficult challenges of any industry and is distrusted by many . . .” (T.N.M., Facts ‘n’ Figures, July 29-Aug. 4, 2002). In fact, the boot is on the other foot.The minin…
Cumberland cuts more gold
Vancouver — Cumberland Resources (CBD-T) is encouraged by initial results from an ongoing $3.9-million program on the Meadowbank gold property in Nunavut.The project, 70 km north of Baker Lake, consi…
NAME CHANGES (September 02, 2002)
Gold Giant Minerals (GNR-V) has changed its name to Gold Giant Ventures (GGV-V) on a 1-new-for-10-old-share basis.Oliver Gold (CNI-V) has changed its name to Canico Resource…
Dewatering Highland Valley will extend jobs
The government of British Columbia has approved a plan to prolong the life of the Highland Valley Copper mine, near Kamloops, and the jobs of its 950 workers.The mine was scheduled to close in mid-200…
Murdochville prepares to call it a day
Five months after Noranda closed its copper smelter in Murdochville, Que., residents have voted to shut down the village and resettle.In a non-binding referendum, 65% of the participants opted to give…