News
Gold Funds (August 12, 2002)
Gold Funds as of August 6, 2002Dundee Precious MetalsCentral FundNet Valuen.a.$5.81Pricen.a.$6.55…
Falco rescue team heads Down Under
A mine rescue team representing Falconbridge’s Craig and Lockerby nickel-copper mines in Sudbury, Ont., recently won the Ontario mine rescue championships and will soon head to a colliery near Brisban…
US law augurs well for silver coin sales
U.S. President George W. Bush has signed legislation that authorizes the Treasury to buy silver on the open market when the nation’s silver stockpile is depleted. The new law ensures that production o…
Poetry contest in Cobalt
As part of its centennial celebrations next summer, the town of Cobalt, Ont., is having a poetry contest in honour of William Henry Drummond, a Canadian poet who owned and operated a mine in the area …
Ukraine to close unsafe mines
Ukrainian President Leonid Kuchma has vowed to close all unsafe mines following an explosion at a coal pit that killed 20 people.The blast occurred about 1,000 metres below ground at the Zasyadko mine…
PEOPLE (August 12, 2002)
Miranda Mining — Enrique Miranda-Paz, Armando Busto-Adan, Ken Booth, Ken Thorsen and Richard O’C Whittall appointed directors.Pacific Minerals — Gary Artmont appointed vp exploration.Robex…
Cave-in kills 15 miners in Zimbabwe
At least 15 gold miners at an illegal operation in Zimbabwe were killed when a mine shaft collapsed.The accident occurred at an abandoned mine at Mhondoro, 125 km southwest of Harare, according to rep…
Steady earnings at Cameco (August 12, 2002)
Uranium producer Cameco (CCO-T) posted second-quarter net earnings of $12 million, or 22 per share, on revenue of $195 million, as increased sales volumes and improved uranium and gold prices bulked …
Spot Prices Wed. August 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$307.80+$2.40Silver$ 4.64-$0.02Platinum$526.00-$…
Northern Miner Indices (August 12, 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…
Olympus cuts ore-grade skarn in Khe Rin area (August 12, 2002)
Vancouver — Olympus Pacific Minerals (OYM-P) has intersected ore-grade gold mineralization while drilling in the central Phuoc Son area.Drill hole 023 was drilled into the Khe Do prospect, 1.4 km sou…