Grade still king at Goldcorp; Glamis
Low-cost production from the Red Lake mine in northwestern Ontario gave Goldcorp (G-T) earnings of US$65.6 million (US37 per share) on revenues of US$185.2 million in 2002.The year-end results repres…
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Canadian Stock Exchange Indices (February 24, 2003)
DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12HighLowTSX Compo…
GREATEST VALUE TRADED, FEB. 12-18
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N52265528.4426.5127.18-1.32…
Placer Dome boosts stake in NovaGold project
Vancouver — Placer Dome (PDG-T), North America’s third-largest gold producer, is exercising its right to increase its interest in NovaGold Resources’ (NRI-T) Donlin Creek deposit in southwestern Alas…
Geomaque losses shrink in 2002 (February 24, 2003)
Though still deep in the red, Geomaque Explorations (GEO-T) lost only half as much in 2002 as in the previous year, thanks to higher gold prices.The company lost $4.6 million (or 3 per share) last ye…
Spot Prices Wednesday February 19, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$347.20-15.95Silver$4.58+0.01Platinum$672.00-20.00…
MOST ACTIVE ISSUES, FEB. 12-18
ExchgVol(000s)HighLowCloseChangeNorthern OrionT270180.190.130.15+0.03…
Exchange Rates (February 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12US$ in C$1.51481.52091.51881.5…
Northern Miner Indices (February 24, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Canico buys out Inco in Brazil
Vancouver — Canico Resource (CNI-V) has raised enough funds to acquire Inco’s (N-T) Ona-Puma nickel laterite project in Brazil’s Para state.Recent financings allowed the junior to fulfil its require…
Golden Star closes $51m financing (February 24, 2003)
Golden Star Resources (GSC-T) has completed an over-subscribed, bought-deal offering, raking in gross proceeds of $51 million.Led by brokers Canaccord Capital and BMO Nesbitt Burns, the private placem…
Taconite helps make raceway safer and faster
The full-throttle roar of engines and rowdy fans have not been heard since late October at the Brainerd International Raceway (BIR) in north-central Minnesota, but not all is silent. More than 600 ton…