Northern Miner Indices (August 26, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
News
Rubicon drills two projects
Vancouver — Rubicon Minerals (RMX-V) will begin drilling at its Golden Promise project, near Badger, Nfld.The company recently discovered a gold-bearing quartz vein, dubbed the Jacqueline zone, in an…
Exchange Rates (August 26, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14US$ in C$1.57151.57101.56011.5…
Placer extends Aurion offer
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has again extended its unconditional final bid.Placer’s offer of 17.5 of its own shares for every 100 AurionGold shares plus A35 ca…
TVX posts improved earnings (August 26, 2002)
Buoyed by a higher gold price and a US$1.2-million gain on the sale of its residual interest in the Casa Berardi mine in northwestern Que., Toronto-based TVX Gold (TVX-T) posted improved second-quarte…
SouthernEra to boost Messina stake
With an eye toward increasing its stake in the Messina platinum group metals mine in South Africa, SouthernEra Resources (SUF-T) has agreed to underwrite a rights issue by the mine’s owner, Messina.Me…
Enviromental concerns affect boron demand
Consumption of borate in the detergents industry continues to be affected by environmental concerns, according to a report from London-based Roskill Information Services.Economics of Boron (10th editi…
LME Warehouse Levels (August 26, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20 (change from Aug. 13 in brackets):MetalStock (tonnes)ChangeAluminium1295775(-…
Understanding Graham
I respectfully disagree with the editorial criticism of Ben Graham (Risk without Wealth, T.N.M., July 22-28/02). A pairing of poor values with volatile prices do not make equity markets doubly unattra…
Feds fund scholarships
The federal government has given $24,000 in scholarships to geomatics students under the Geomatics Canada Scholarship Program.Under the plan, 16 college and university students received scholarships w…
Maverick Minerals suspends Elsa project
Work has been suspended at the Keno Hill tailings reprocessing project, operated by A.M.T. Canada, a subsidiary of U.S.-listed Maverick Minerals Corporation (mavm-o) of Nevada.Maverick, which had take…
PFN kicks off Agnew drill program
Vancouver — Pacific North West Capital (PFN-V) has begun diamond drilling at its Agnew Lake platinum group metal (PGM) property, near Sudbury, Ont.The company is earning a half-interest in the proper…