Gold Funds (August 12, 2002)
Gold Funds as of August 6, 2002Dundee Precious MetalsCentral FundNet Valuen.a.$5.81Pricen.a.$6.55…
News
Olympus cuts ore-grade skarn in Khe Rin area (August 12, 2002)
Vancouver — Olympus Pacific Minerals (OYM-P) has intersected ore-grade gold mineralization while drilling in the central Phuoc Son area.Drill hole 023 was drilled into the Khe Do prospect, 1.4 km sou…
LME Warehouse Levels (August 12, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 6 (change from July 30 in brackets):MetalStock (tonnes)ChangeAluminium1291750(…
Iamgold retires Sadiola debt, sees earnings slip
Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…
Canadian Stock Exchange Indices (August 12, 2002)
DateAugust 6August 5August 2August 1July 31HighLowTSX Composite6519.16Holiday6536.476550.71660…
Gold price drives junior exchange
Vancouver — Junior resource stocks started to make a comeback over the holiday-shortened week ended Aug. 6 as economic uncertainty deepened in the U.S. The TSX Venture Exchange composite index closed…
MOST ACTIVE ISSUES, JULY 31-AUG. 6
ExchgVol(000s)HighLowCloseChangeKinross GoldT246372.872.482.79+0.14…
The Northern Miner — North American Mining Index (August 12, 2002)
69.11 (-1.70)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 12, 2002)
71.37 (+2.99)(Sept. 30/98 = 100)…
GREATEST VALUE TRADED, JULY 31-AUG. 6
ExchgVal($000s)HighLowCloseChangeAlcoa*N46610527.2023.9624.97-1.01…
China using more nickel
Nickel has shown remarkable resilience during the previous three years of world economic slowdown and recession, buoyed mostly by increased stainless steel production in China, according to the Econom…
Higher output, earnings for Golden Star
Better-than-expected gold production and a higher realized price for that material led Golden Star Resources (GSC-T) to record solid earnings during the second quarter.The company earned US$1.6 millio…