Trading Summary (January 13, 2003)
The gold stocks finished on the minus side of a mixed Toronto Stock Exchange on Monday, dropping 3.05 points or 1.5…
Articles by Northern Miner Staff
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
Research Capital asks: Why pick on Barrick?
In a recent report titled Why is ABX the Lightning Rod on Hedging?, Toronto-based mining analysts Barry Allan and Steven Greene of Research Capital take a timely look at the gold-hedge positions of th…
Int’l Curator back at Assean Lake
Now that the winter freeze has set in, International Curator Resources (IC-T) is resuming exploration at the Assean Lake gold project in north-central Manitoba.The program is budgeted at $580,000 and …
Black empowerment in South Africa
The past year was momentous for South African mining. The adoption of radical regulations ushers in a non-racial, competitive and socially inclusive era in the industry.It is unrealistic to imagine th…
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …
ECU most active trader during skittish week.
Vancouver — Mining stocks continued to move and shake on Canada’s junior exchange during opening days of 2003. The S&P composite index closed up 43.08 points, or 4.1% of its value, to finish the week…
LME Warehouse Levels (January 13, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 7 (change from Dec. 27 in brackets):MetalStock(tonnes)ChangeAluminium1237275(-12…
AngloGold provides AIDS drugs
AngloGold of South Africa has been administering antiretroviral therapy (ART) to workers suffering from HIV/AIDS.The treatment is the first stage of the project announced by AngloGold and Anglo Americ…
Cameco, partners buy BE’s Bruce Power interest
The world’s largest uranium producer is adding to its portfolio of downstream uranium assets.Just before the Christmas break, Saskatoon-based Cameco (CCO-T) joined forces with TransCanada PipeLines (T…
Cardero buoyed by Argentine silver
Vancouver — Last year was a banner one for Cardero Resource (CDU-V), and with a $2.9-million financing in hand, the junior aims to step up exploration in 2003.Over the past year, the junior saw its s…