GREATEST VALUE TRADED, APRIL 24-30
ExchgVal($000s)HighLowCloseChangeAlcoa*N61530335.9033.2034.03-1.65…
News
Noranda barely profitable in Q1
Higher metal production did not translate into healthy profits for Noranda (NRD-T) during the first quarter.The company posted earnings of $1 million (or a loss of 2 per common share after preferred-…
Kinross posts deeper loss (May 06, 2002)
Lower gold production and higher cash costs led Kinross Gold (K-T) to more than double its net loss for the first three months of 2002.The company suffered a loss of US$7.9 million (or 3 per basic an…
LionOre’s Waterloo anything but (May 06, 2002)
Drilling at the southern end of the Waterloo discovery on the Wildara property in Western Australia continues to return high nickel grades for LionOre Mining International (LIM-T).Highlights from the …
Mid-tier benefits
At a time when major money managers are telling BHP Billiton they are not big enough, Teck Cominco is positioning itself as a mid-tier company that practises capital and production supply discipline.T…
Benefits
A new version of draft legislation governing mineral and mining rights in South Africa has removed the minerals and energy minister’s discretion in granting those rights. It also guarantees security o…
Barrick eyes RDN (May 06, 2002)
Vancouver — Picking up where Newmont Mining (NEM-N) left off, Barrick Gold (ABX-T) has inked a letter of intent to earn a 75% stake in Rimfire Minerals’ (RFM-V) RDN property in northwestern Br…
Exchange Rates (May 06, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 30April 29April 26April 25April 24US$ in C$1.56781.56621.5632…
CORRECTION – Eldorado Gold
Two articles appearing in The Northern Miner in recent weeks, both dealing with Eldorado Gold (ELD-T), require correction.The article “Eldorado expands zone at Kisladag” (T.N.M., April 29/02) was an o…
Minotaur cuts high grades
Vancouver — Junior Minotaur Resources has tabled impressive results from the Prominent Hill prospect at the Mt. Woods joint venture in southern Australia.Hole 5 was drilled 200 metres east of hole 3 …
Trading Summary (May 02, 2002)
The S&P/TSX Composite Index gained 23.19 points to end at 7,675.33 on Thursday. The golds remained in investors’ si…
Anglo nabs Disputada for US$1.3 billion
Vancouver – Adding some muscle to its already impressive base metal portfolio, London-based Anglo American (AAUK-Q)…