Dynatec eyes producer status (November 04, 2002)
With demand for contract mining slumping, Dynatec (DY-T) saw its third-quarter profit fall to $20,000 (or nil per share) from year-earlier earnings of $2.7 million (2.4 per share). Revenue between th…
News
Bema looks to Russia for high grades
Vancouver — Bema Gold (BGO-T) has inked a deal with the government of the Chukotka, an autonomous region in northeastern Russia, to acquire up to a 75% interest in the high-grade Kupol gold and silve…
Int’l Gold drills Myrtle
Vancouver — International Wayside Gold Mines (IWA-V) reports that assay results from two of five holes on its Myrtle claims have intersected high-grade gold mineralization.Situated near Wells, B.C., …
GREATEST VALUE TRADED, OCTOBER 29
ExchgVal($000s)HighLowCloseChangeOM Group*N13730312.558.708.95-21.95…
Black Swan eyes bedrock source of Brazilian diamonds
The recent acquisition of De Beers’ Brazilian assets has netted Black Swan Resources (BSW-T) not only the small Canastra-1 diamond-bearing kimberlite pipe but an extensive portfolio of mineral licence…
Iamgold, Repadre agree to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have announced plans to merge in an all-share transaction that would see Repadre shares trade…
Kinross inks Omolon deal
Kinross Gold’s (K-T) 54.7%-owned Russian subsidiary, Omolon Gold Mining, has inked a deal with the Magadan administration and most of its Russian shareholders that will ensure the full payment of loan…
Eldorado stays in black
Vancouver — With production back to normal at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) managed to turn a solid profit in the third quarter.Earnings for the period totalled US$2 million (or…
Corrections (November 04, 2002)
Southern Star Resources is a wholly owned subsidiary of Colorado-based Golden Star Resources (GSC-T). Shares of publicly listed Southern Star Resources (YSO-V) trade on the Toronto Stock Exchange with…
NovaGold hits high grade at Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska has cut high-grade gold mineralization within the modeled confines of the Acma pit.Initial results from the st…
Spot Prices Wed. October 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$317.15+$3.75Silver$ 4.48+$0.07Platinum$590.00+$…
Canadian Stock Exchange Indices (November 04, 2002)
DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23HighLowTSX Composite6294.816419.376405.876336.86…