Daily Metal Prices (August 12, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 6August 5August 2August 1July 31Al Alloy1290…
News
Mining exec wins Bolivian election
The Bolivian Congress has ended a presidential tie, picking millionaire mining executive Gonzalo Sanchez de Lozada to lead the South American country as it confronts economic problems and growing soci…
St. Jude cuts bonanza grade at South Benso (August 12, 2002)
Vancouver — St. Jude Resources (SJD-V) and Montreal-based Fairstar Explorations (FFR-T) have cut bonanza-grade drill intersections at their jointly held South Benso concession in Ghana, West Africa.D…
Golds bounce back, market looks slack
Despite some hundred-point days, the Toronto Stock Exchange moved sideways during the report period July 31-Aug. 6, with the TSX Composite index closing at 6,519.16, up a meagre 7.98 points over the f…
Arctic resources snowball (August 12, 2002)
Drilling by South Africa’s Gold Fields (gfi-n) and Finnish-based Outokumpu has boosted the resource estimate at the partners’ Arctic Platinum Partnership project in northern Finland.Based on an additi…
Newmont rises with strong quarter
Newmont Mining turned in its first quarterly report since its mega-merger with Franco-Nevada Mining and Normandy Mining, and the results augur well for the company’s future. The company, now the world…
China using more nickel
Nickel has shown remarkable resilience during the previous three years of world economic slowdown and recession, buoyed mostly by increased stainless steel production in China, according to the Econom…
Placer extends bid
With about 21% of AurionGold’s shares tendered to its cash-sweetened bid late on Aug. 6, unrequited suitor Placer Dome (PDG-T) surprised no one and extended its offer for the Aussie gold miner by nine…
Iamgold retires Sadiola debt, sees earnings slip
Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…
Trading Summary (August 09, 2002)
Toronto stocks finished higher on Friday with advancers leading decliners 564 to 408. A rally in the gold sector co…
Aurizon posts loss on improved production
Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) posted a net loss of…
Diagem recovers 888 diamonds from property 108
The latest 120-cubic-metre bulk sample derived from test pit no. 7 on Diagem International’s (DGM-V) property 108 h…