Trading Summary (October 28, 2002)
The Toronto Stock Exchange was marginally better on Monday, with the S&P Composite advancing 13.50 points to 6,419.
Articles by Northern Miner Staff
Iamgold, Repadre ready to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have ann…
Grupo Mexico eyes Mission closure
Vancouver – Diversified miner BHP Billiton (BHP-N) may not envision any further production cuts from its copper ope…
Drills spin at St. Jude’s Subriso and Hwini-Butre
Vancouver — St. Jude Resources (SJD-V) has kicked off its fall drilling campaign at its Subriso and Hwini-Butre pr…
Meridian falls slightly in Q3 (October 28, 2002)
Reno, Nev.-based Meridian Gold (MDG-T) has chalked up another profitable quarter, pocketing US$9.2 million for the three months ended Sept. 30 as revenue soared to US$33.6 million.The US10-per-share …
King Eider kimberlite proves complex
Eager to get a better handle on the diamond distribution of the known King Eider kimberlite on Victoria Island, partners Diamonds North Resources (DDN-V) and Canabrava Diamond (CNB-V) have drilled two…
Laramide offers more shares
Higher demand for its shares has prompted Laramide Resources to increase the size of its private placement to 1.4 million units.A unit remains priced at 15 and still entitles the holder to a share an…
Gold mutual funds top list
U.S. based mutual funds that invest in gold topped the list of U.S. fund performances for the first six months of 2002.The average gold fund rose 50.5% for the period ending June 28, compared with an …
Aredor kimberlites reveal more stones (October 28, 2002)
Partners Rio Tinto (RTP-N) and Trivalence Mining (TMI-V) have recovered more diamonds from the Aredor concession in Ghana.Rio, which operates the project, recently sank eight holes into a promising g…
OM whacked by UN report
Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…
NAME CHANGES (October 28, 2002)
Verdstone Gold (VGC-V) has changed its name to Goldrea Resources (GOR-V) on a 1-new-for-10-old-share basis.Maya Gold (MAY-V) has changed its name to Centram Exploration (CAN-V) on a 1-new-for-5-old-sh…
Noranda inks Hemlo deal
Noranda’s exploration company has signed an agreement with Goliath Gold Mines and Golden Sceptre Resources that will likely result in a producing Hemlo area mine within two years.The deal, which gives…