Trading Summary (November 24, 2003)
Toronto’s gold index felt the drag of a sinking yellow metal dropping 2.94 points to settle at 224.10 on Monday. Go…
News
AngloGold dishes Tanami
Vancouver Perth-based Tanami Gold has picked up the prospective Coyote gold deposit in northern Western Australia…
Olympic Dam shows more cracks
Production at WMC Resources’ (WMC-N) troubled Olympic Dam copper smelter in Southern Australia has been suspended a…
Metallic Ventures advances Esmeralda
Ongoing underground infill drilling by Metallic Ventures Gold (MVG-T) continues to cut high-grade gold values on th…
Editorial Cartoon (November 24, 2003)
Copper exploration heats up in BC
Vancouver — Reminiscent of the 1970s, copper exploration has once again taken centre-stage in the hunt for metals in British Columbia.Sparking the revival are higher prices and a new discovery made b…
The Northern Miner Indices (November 24, 2003)
North American Mining: 101.26 (+4.54)Small Producers: 99.83 (+10.03)(Sept. 30/98 = 100)…
Discoveries lure Placer Dome, Meridian Gold to Newfoundland
St. John’s, Nfld. — With little fanfare, Barrick Gold (ABX-T) walked away from the much-hyped Botwood Basin in Newfoundland earlier this summer after spending some 15 months assessing the potential f…
Correction (November 24, 2003)
In our Oct. 17 issue, we incorrectly stated that Canico Resource (CNI-T) would carry out matte smelting at its Ona-Puma nickel-laterite project in Brazil.Canico is considering both ferronickel and ma…
Mustang expands Bannockburn showing (November 24, 2003)
Continued chip and grab sampling by Mustang Minerals (MUM-V) have returned more high-grade nickel values from the Bannockburn property, about 100 km southeast of Timmins, Ont.Samples from massive and …
Chrtien’s departure comes not a day too soon The long, long goodbye
Gentlemen, those are my principles. And if you don’t like them, I have others. — Barney Barnato, famed magnate of the South African rand, to a meeting of shareholders.Even if they were assorted and a…
Risk and risk management
It is obvious that if you want to make returns (that is, to create value for your shareholders), you have to accept risk. In Rio Tinto, we say that the key to valuation is understanding risk and ensur…