Clouds rain red for Akrokeri-Ashanti
Unable to mine waterlogged, higher-grade material at its Bonte alluvial gold mine in Ghana, Akrokeri-Ashanti Gold M…
News
NAME CHANGES (November 25, 2002)
Seine River (SRO-V) has changed its name to Trinity Plumas Capital (TPC-V) on a 1-new-for-20-old-share basis.Intertech Minerals (IML-V) has changed its name to Mantle Minerals…
Editorial Cartoon (November 25, 2002)
Canadian Mining Hall of Fame honours Cobalt pioneers, three others
The four men who discovered silver in the woodlands of Cobalt, Ont., at the turn of the last century are among seven new inductees into the Canadian Mining Hall of Fame, all of whom will be honoured a…
The Northern Miner — North American Mining Index (November 25, 2002)
68.43 (-1.34)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 25, 2002)
80.37 (+0.07)(Sept. 30/98 = 100)…
Lending Rates (November 25, 2002)
as of 4 pm ET, Nov. 19, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.42LIBOR US$ 6-month1.44LIBOR US$ 1-year1.62Gold lease 3-month0.32Gold leas…
Etruscan, Mountain Lake celebrate mining foray
Ventersdorp, South Africa — What it lacks in size, this country’s newest alluvial diamond mine makes up for in quality and potential.Operator Etruscan Resources (EET-T) and minority partner Mountain …
Corner Bay-Pan Am merger delayed
The closing date of the merger between Corner Bay Silver (BAY-T) and Pan American Silver (PAA-T) has been delayed until mid-December while the latter continues to secure a water source to enable heap-…
Russian mines haul up earnings for High River
Consolidation of the results from its Russian subsidiary, Buryatzoloto, has given High River Gold (HRG-T) a significant increase in revenue and earnings.The company finished the three months ended Sep…
Phelps Dodge, Cabot under investigation
The biggest story over the period was the revelation that Phelps Dodge and Cabot are being jointly investigated by American and European antitrust authorities for alleged price-fixing in the carbon bl…
Broad market climbs as golds tumble
Regaining ground lost in the previous period, the Toronto Stock Exchange Composite Index closed up 94.38 points higher in the Nov. 13-19 report period. The benchmark was set at 6,423.65 points.London …