Competition fetches prize jewelry
Katleho Photolo, a third-year student in the jewelry department at Technikon Pretoria, a technical college, was the overall winner in AngloGold’s Riches of Africa 2002, a jewelry design competition.An…
News
Placer set to boost production profile (October 28, 2002)
Vancouver — Placer Dome’s (PDG-T) diminished share price is puzzling in light of the company’s improved financial performance, says President Jay Taylor.”I just can’t believe how the market has price…
TVX suffers big fat Greek headache
Greece’s supreme administrative court, the Conseil d’tat, has dealt TVX Gold (TVX-T) another blow by blocking the company’s Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessa…
Majescor strikes deal
Majescor Resources (MAJ-V) was granted a 3-year option to explore the Fenelon property in the Casa Berardi sector of northwestern Quebec exclusively for diamonds.Property owners International Taurus R…
Redcorp tallies gold values at Hawk
Vancouver — Drilling by Redcorp Ventures (RDV-T) has returned encouraging values from the Hawk gold property in north-central British Columbia.All 12 holes in the 1,500-metre program, which tested fo…
Shutdowns cost Falconbridge (October 28, 2002)
Lower nickel sales and shrinking revenue from precious metals production pushed Falconbridge (FL-T) to a third-quarter loss.The major found itself $21.3 million in the red (or 14 per share), compared…
Junior explores near Tulawaka
Junior Exploration Minires du Nord (MDN-T) has begun a soil geochemical survey over two newly acquired permits in the Lake Victoria Goldfields district of Tanzania.Minires can earn 90% interests in …
MacDonald exec takes a loss
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aur Resources (AUR-T) — Jorge Carey, director, bought 44,500 shares indirectly at US$2.15 or …
Cambior profits from higher gold prices (October 28, 2002)
Riding higher gold prices, Cambior (CBJ-T) managed to post a tidy profit for the three months ended Sept. 30 — its first quarterly profit since the last three months of 2001.Third-quarter earnings am…
Spot Prices Wed. October 16, 2002 (October 28, 2002)
Precious MetalsPrice (US$/oz.)ChangeGold$313.40-$0.60Silver$ 4.41+$0.09Platinum$580.00-$…
Exchange Rates (October 28, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16US$ in C$1.56791.56741.57211.5…
Anglo extends Boyongan
Vancouver — Delineation drilling on the Boyongan prospect in the Philippines continues to churn out impressive copper-gold values.Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) have six rig…