Placer pumps production projection
With more than 91% of AurionGold’s shares in its grasp, Placer Dome (PDG-T) intends to compulsorily acquire the res…
News
AngloGold reaches out to the retail crowd
South African major AngloGold (AU-N) is providing more details on its proposed share split as well as its offer to…
Harmony eyes High River stake
South Africa’s third-largest gold producer Harmony Gold Mining (HGMCY-Q) has agreed to acquire more than 17 million…
Editorial Cartoon (November 11, 2002)
NAME CHANGES (November 11, 2002)
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.
Lending Rates (November 11, 2002)
as of 4 pm ET, Nov. 5, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.62LIBOR US$ 6-month1.55LIBOR US$ 1-year1.62Gold lease 3-month0.37Gold lease…
Agnico-Eagle shares drop on financing news
Shareholders of one of the darlings of the retail gold-bug crowd, Agnico-Eagle Mines (AGE-T), received a swift kick in the goolies in late October as the company unveiled plans for a dilutive, US$167-…
Black gold offsets red ink for Teck
Vancouver — Low zinc and copper prices, combined with lower production at the company’s refineries, took their toll on Teck Cominco (TEK-T) in the third quarter. However, the diversified miner manage…
The Northern Miner — North American Mining Index (November 11, 2002)
70.89 (+2.79)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 11, 2002)
74.39 (+6.57)(Sept. 30/98 = 100)…
Goldcorp earnings up
When asked what it did last summer, Goldcorp (G-T) has both an interesting and a lucrative story to tell. It made money from mining gold, holding gold, and from dabbling in the stock market.Goldcorp p…
Cost-cuts keep Northgate in the black
Vancouver — Cost-cutting, coupled with its gold and currency hedging programs, enabled Northgate Exploration (NGX-T) to turn a profit in the third quarter.The company earned US$982,000 (or US1 per s…