News



Weaker U.S. stocks stumble

With markets weakening across the board, mining stocks were generally lower on U.S. exchanges. The Dow Jones Industrial Average fell 119.07 points, or 1.3% of value, over the five trading days from Ju…



Correction (July 08, 2002)

Our Venture Exchange market report of June 17 referred to American Bonanza Gold Mining (BZA-V) as “cash-strapped.”Shortly before that issue went to press, the company had completed a public offering o…


LME Warehouse Levels (July 08, 2002)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 2 (change from June 25 in brackets):MetalStock (tonnes)ChangeAluminium1253975(+2…


Northern Miner Indices (July 08, 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…


Daily Metal Prices (July 08, 2002)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 2July 1June 28June 27June 26Aluminium1362/1383…


Latest corporate downfall ignites investor revolt

As pessimism in multinational conglomerates stretched across the Atlantic, the Toronto Stock Exchange S&P/TSX plunged 107.41 points over the holiday-shortened June 26-July 2 report period, ending the …


TSX Venture exchange slumps with gold

Vancouver — Canada’s junior exchange followed the gold price down over the holiday-shortened week ended July 2. The Standard & Poor’s-TSX Venture composite index lost 32.45 points, or 2.7%, to close …


Freeport issues Q2 warning

Heavy rainfall at its Grasberg mine in Irian Jaya, Indonesia, combined with delays in reaching higher-grade ore, has forced Freeport McMoRan Copper & Gold (FCX-N) to lower its forecast production and …


High River boosts Taparko stake (July 08, 2002)

High River Gold Mines (HRG-T) has exercised its option and picked up an additional 18.5% interest in the advanced Taparko project in Burkina Faso, West Africa, from Queenstake Resources (QRL-T).In ret…


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