Short covering flatters to deceive
Aug. 12-16 at a Glance- Copper prices remain more cushioned on the downside, owing to a shortage of raw materials, but a test of the January low of US$1,434 per tonne is still likely in the current en…
News
Lending Rates (August 26, 2002)
as of 4 pm ET, Aug. 20, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.77LIBOR US$ 6-month1.76LIBOR US$ 1-year1.90Gold lease 3-month0.32Gold leas…
Gold Funds (August 26, 2002)
Gold Funds as at August 15, 2002Dundee Precious MetalsCentral FundNet Value$21.28$5.75Price$15.50$6.44…
Kanowna Belle helps drive Aurion
Kalgoorlie, Australia — If history is any guide to the future, the story behind the discovery of the Kanowna Belle gold deposit in the Eastern Goldfields of Western Australia is a key factor driving …
Vote to settle Pan Am/ Corner Bay merger
As shareholders prepare to vote on the proposed merger between Pan American Silver (PAA-T) and Corner Bay Silver (BAY-T), the deal remains conditional on Corner Bay’s securing water rights for the Ala…
Royalty-dee, royalty-dum: how governments take their cut
“Royalty” is a term which defines its own origin and meaning. Sometime way back when, in the dim and hoary past, kings and queens must have managed to con (and/or intimidate) their subjects into belie…
The Northern Miner — Small Producers Index (August 26, 2002)
70.22 (-3.49)(Sept. 30/98 = 100)…
Canadian Stock Exchange Indices (August 26, 2002)
DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14HighLowTSX Composite6655.296658.106571.726557.576550.07…
Rally leaves golds behind
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
Southern Peru sale put on hold
A planned transfer of the majority stake in copper miner Southern Peru Copper (PCU-N) from Asarco to parent company Grupo Mexico is on hold following an injunction obtained by the U.S. Department of J…
Boliden profitable in first half
Sticks and stones may break its bones, but Boliden (BLS-T) is in the black for the quarter.Shortly after a European Union vice-president called it a “slut,” the Swedish base metals producer has posted…
T.N.M. welcomes letters (August 26, 2002)
The Northern Miner welcomes letters to the editor on any article appearing in the paper or on any aspect of the mining industry. We reserve the right to edit letters for length or readability. Letters…