Mixed week in US trading
In the face of declining base and precious metals, a number of U.S.-listed mining majors still managed to trade higher over the report period, as investors showed interest in old-economy cyclicals.BHP…
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Lending Rates (January 28, 2002)
as of 4 pm ET, Jan. 22, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Canadian Stock Exchange Indices (January 28, 2002)
DateJan. 22Jan. 21Jan. 18Jan. 17Jan. 16HighLowTSE 3007559.297582.857604.797652.717584.02…
TSE Short Positions (January 28, 2002)
Short positions outstanding at January 15, 2002Larger individual positions include: Aber Diamond 250,797 up 127,298; Amarc Resources 112,500 up 112,500; Ashton Mining 210,100 up 81,100;…
Granny Smith: community builder
In various ways, Placer Dome is contributing to the community surrounding the Granny Smith mine in Western Australia.For the past four years, the mine has been providing air transit to a group of stud…
GFMS sees some upside in gold price
The gold industry’s chief gatherer of supply-and-demand data, London-based Gold Fields Mineral Services, saw a fairly stable gold market in 2001 and is forecasting a slightly better year ahead for the…
Iamgold adopts gold policy
Believing gold to be significantly undervalued, junior producer Iamgold (IMG-T) has adopted a policy of holding its discretionary cash in the form of gold bullion.The company, which holds non-operatin…
Staying the course
In September 1999, two well-respected consulting firms, Strathcona Mineral Services and Roscoe Postle Associates, were hired by the local unions representing workers at the Pamour operation in Timmins…
News – 28-JAN-02
PEOPLE (January 28, 2002)
Twin Mining — Hendrik Visagie appointed consultant.Plexmar — Marius Lessard appointed chairman of the board.Nevada Pacific — Richard Barclay appointed director.
Correction (January 28, 2002)
In our article of Jan. 7, we stated Wolfden Resources (YWO-V) had raised $2 million from a placement of 571,430 flow-through shares at 35 per share. The correct figure is $200,000.We also referred to…
The Northern Miner — North American Mining Index (January 28, 2002)
70.95 (-5.66)(Sept. 30/98 = 100)…