Looking out for shareholders
The arrest of John Rigas and two of his sons, all former executives of insolvent Adelphia Communications, on securities fraud charges, and revelations that executives at Qwest Communications Internati…
Articles by Northern Miner Staff
Spot Prices Wed. July 31, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$305.40-$8.20Silver$ 4.66-$0.20Platinum$530.00+$…
Lending Rates (August 05, 2002)
as of 4 pm ET, July 30, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.86LIBOR US$ 1-year2.07Gold lease 3-month0.32Gold leas…
KEGS Foundation awards nine scholarships
The KEGS Foundation has awarded scholarships totaling $7,500 to nine undergraduate in geophysics at five Canadian universities.Recipients include the following: Michael Ash, Michael Wheeler and Olabus…
Anglo American bids farewell to Kolwezi
Anglo American (AAUK-Q) has decided to sell its half-interest in Congo Mineral Developments (CMD), the joint venture that holds a 60% interest in the Kolwezi copper-cobalt tailings project in the Demo…
Canadian Stock Exchange Indices (August 05, 2002)
DateJuly 30July 29July 26July 25July 24HighLowTSX Composite6511.186483.076309.946278.446382.13…
Gold Funds (August 05, 2002)
Gold Funds as at July 25, 2002Dundee Precious MetalsCentral FundNet Value$19.88$5.98Price$15.05$6.20…
Nevada Star hunts for PGEs
Anchorage, Alaska — Nevada Star Resource (NEV-V) has assembled a prospective nickel/copper/platinum-group-metal land package on the southern flanks of the Alaska range, 402 km northeast of here.The p…
AurionGold rejects cash-sweetened bid
Vancouver — Directors of Australian miner AurionGold are sticking to their guns and advising shareholders to reject a revised, hostile bid from Placer Dome (PDG-T).With falling gold prices knocking P…
Phelps Dodge takes loss in quarter (August 05, 2002)
Copper producer Phelps Dodge (PD-N) lost money in the three months ended June 30 but was able to reduce operating and overhead costs and clear off debt.The Arizona-based company booked a loss of US$36…
The Northern Miner — North American Mining Index (August 05, 2002)
70.81 (+3.95)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 05, 2002)
68.38 (-3.34)(Sept. 30/98 = 100)…