Russian gold raises High River (August 13, 2002)
Near record production from the 50%-owned New Britannia Mine in Manitoba and an increased stake in Russian gold min…
News
AurionGold eyes higher profit, Placer ups its stake
With a bull’s-eye on its chest AurionGold has reported a net profit of A$63.2 million (or 20 per fully diluted sha…
Pacific Rim options Cerro Gaspar (August 13, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has inked a deal with Brett Resources (BRN-V) on the Cerro Gaspar project,…
Drills turn at Poste Lemoyne (August 13, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Po…
Boundary battle heads to arbitration
After a failed takeover attempt, Canadian Royalties (CZZ-V) is headed to arbitration with Ungava Minerals (UNGV-CUB…
Knife fight headed to court
Failing to come to an agreement at the 10-sq.-km Knife project in the north Slave Craton region of Nunavut, De Beer…
$5.2 m set for Fort la Corne
Based on the interim results from the 2001 evaluation program, the partners of the 225-sq.-km Fort la Corne joint…
Trading Summary (August 12, 2002)
Toronto stocks opened the week lower and stayed there on Monday as profit-takers lived up to their name. The golds…
Lending Rates (August 12, 2002)
as of 4 pm ET, Aug. 6, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.76LIBOR US$ 6-month1.74LIBOR US$ 1-year1.83Gold lease 3-month0.26Gold lease…
The Northern Miner — North American Mining Index (August 12, 2002)
69.11 (-1.70)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 12, 2002)
71.37 (+2.99)(Sept. 30/98 = 100)…
Equities slump drags down metals prices
July 29-Aug. 2 at a Glance- Copper prices were heavily oversold and funds were close to their limits on the short side. Consequently, support at US$1,495-1,500 per tonne should hold, though upside pot…