War fears dampen market
U.S. stock exchanges fell again, during the report period Jan. 22-28, passing their year-end levels on the way and wiping out the New Year rally. The Standard & Poor’s 500 index fell 29.08 points to c…
News
Central Fund adds to gold, silver holdings (February 03, 2003)
Toronto-based Central Fund of Canada (CEF.A-T) has raised US$15.3 million in order to expand its precious metals holdings.The fund is selling 3.5 million class A shares in the U.S. at US$4.37 apiece, …
Analysts pick best bets for 2003
The Northern Miner asked five analysts of the junior mining sector for their recommendations and predictions for 2003. The list includes John Kaiser, publisher of the Kaiser Bottom Fishing Report, Don…
TVX, Kinross hampered by legal disputes
Only days before shareholders were scheduled to vote on a proposed 3-way merger, two of the companies involved, TVX Gold (TVX-T) and Kinross Gold (K-T), were facing legal disputes.TVX announced that a…
Editorial Cartoon (February 03, 2003)
Iamgold execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aurizon Mines (ARZ-T) — Ian Walton, director, sold 10,000 shares at $1.32 apiece to hold 764,…
QGX doubles working capital
Waterdown, Ont.-based QGX (QGX-V) has raised $3 million for its Golden Valley gold project in Mongolia.The company sold 2.5 million shares at $1.20 apiece, compared to the 2.8 million shares it sold i…
Vaughn addresses CIM
Globalization and its effects on Canadian mining will be the topic of a talk delivered by Steve Vaughan, a partner with Toronto law firm McMillan Binch, at the next luncheon of the Canadian Institute …
Gold’s buoyancy tied to sagging greenback
This article is the first in a series devoted to precious and base metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment focuses on gold. P…
St. Jude’s South Benso fills out
Infill drilling by St. Jude Resources (SJD-V) at the South Benso gold property in Ghana has extended the Subriso East zone to surface.Five holes were sunk in Hill B to test updip projections of minera…
MOST ACTIVE ISSUES, JANUARY 22-28
ExchgVol(000s)HighLowCloseChangeSilverado*Q677770.530.210.30-0.28…
Noranda to idle troubled Magnola plant
Noranda (NRD-T) will temporarily close its 80%-owned Magnola magnesium plant in Danville, Que., and take an after-tax charge of $630 million against fourth-quarter earnings. The move will affect 380 w…