Correction (July 08, 2002)
Our Venture Exchange market report of June 17 referred to American Bonanza Gold Mining (BZA-V) as “cash-strapped.”Shortly before that issue went to press, the company had completed a public offering o…
News
LME Warehouse Levels (July 08, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 2 (change from June 25 in brackets):MetalStock (tonnes)ChangeAluminium1253975(+2…
Moydow waits for Newmont
A July 24th decision by Newmont Mining (NEM-N) regarding the fate of the Ntotoroso gold project in Ghana’s Sefwi gold belt is looming large for equal joint-venture partner Moydow Mines International (…
Holmer confirms Timmins mineralization (July 08, 2002)
The first eight holes of an ongoing drill program have confirmed previous results at the Timmins project of Holmer Gold Mines (HGM-V).Between 1996 and 1998, Holmer outlined five near-surface parallel …
News – 08-JUL-02
Ashanti scraps note restructuring (July 08, 2002)
Ashanti Goldfields (ASL-N) has scrapped a proposed note restructuring, following a US$75-million, last-minute cash injection from 32%-owner Lonmin.Instead, the African gold miner will implement an ear…
Trading Summary (July 05, 2002)
The Toronto Stock Exchange rose consistently through Friday to finish the week at 7,112.46, a gain of 82.68 points…
Alamo Dorado gets positive feasibility study (July 05, 2002)
Corner Bay Silver (BAY-T) has unveiled the results of a feasibility study on its Alamo Dorado silver project in Son…
AurionGold rebuffs Placer again
Directors of AurionGold are repeating a recommendation made two weeks ago that shareholders reject Placer Dome’s (P…
Rio Narcea trims debt (July 05, 2002)
Junior producer Rio Narcea Gold Mines (RNG-T) has taken a small step towards financial freedom by repaying a multi-…
Trading Summary (July 04, 2002)
The technology stocks gained 3.5% to hit 17.90 to lead Toronto Stocks slightly higher on Thursday. The gold stocks…
ARP-1 surrenders its first diamonds
Diagem International Resources (DGM-V) has recovered 35 diamonds from a 25-cubic-metre sample of gravel immediately…