Placer extends again, eyes AurionGold seats
Make it six. That’s how many times Placer Dome (PDG-T) has extended its offer for partner and takeover target Aurio…
Articles by Northern Miner Staff
Trading Summary (September 09, 2002)
The Toronto Stock Exchange ventured 42.47 points higher ending at 6,522.22 points on Monday. Leading the way were t…
CVG gives Crystallex the green light
Vancouver — Since the early 1990s, the advancement of the historical Kilometre 88 mining district in southeastern…
AfriOre pads its gold portfolio
Continuing its trek to become a gold producer, metal-explorer-turned-coal-miner AfriOre (AFO-T) has wrapped up two…
Placer eyes AurionGold seats
Singing a common refrain, takeover target AurionGold has rejected Placer Dome’s (PDG-T) request for four seats on t…
Atlas maps its way to Quebec
Atlas Minerals (ATMR-O) has a 120-day option period in which to decide whether on not to acquire Western Gold Resou…
More Aussies trim hedge books
The J.P. Morgan June Quarter 2002 Review, released in late August, reports that hedging by Australian-based gold companies dropped 1.75 million oz. to 22.6 million oz. as of June 2002. The decline of …
Aurion sheds stake in Zimbabwe platinum miner
Vancouver — Australian gold miner AurionGold has sold its 21% interest in Australian-listed Zimbabwe Platinum Mines (Zimplats) for A$35.3 million.Impala Platinum Holdings picked up the shares at A$1….
GREATEST VALUE TRADED, AUG. 28 – SEPT. 3
ExchgVal($000s)HighLowCloseChangeEcho Bay MinesT67111.661.431.65+0.17…
Placer cuts hedge book, extends Aurion offer
A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …
Nelson sells Tajik assets
Having decided to focus on its oil and gas interests, Nelson Resources (NLG-T) is selling its 44% stake in the Jilau gold mine in Tajikistan.The buyer is London-listed Avocet Mining, which will give N…
Lending Rates (September 09, 2002)
As of 4 pm ET, Sept. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.78LIBOR US$ 6-month1.75LIBOR US$ 1-year1.81Gold lease 3-month0.28Gold leas…