‘Rural cleansing’ gets media attention
When the Wall Street Journal lines up hammer and nail to drive home a point, a hard bang or two usually follows. Earlier this summer, the prestigious newspaper hit the nail on the head when it reporte…
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Francisco expands Guatemalan find (August 13, 2001)
Francisco Gold (FGX-V) has received encouraging results from the final nine holes of a third round of drilling at its wholly owned Marlin project in western Guatemala. The near-surface, oxidized zone …
Denison — then and now
Second-quarter financials issued by Denison Mines (DEN-T) paint a picture of a small but generally healthy company making it work in tough times.Denison lost $978,000 in the second quarter on revenue …
Atna advances Chilean copper oxide project
The results of a 22-hole, 2,480-metre program of reverse-circulation drilling have confirmed previous oxide resource estimates of the Barreal Seco copper project in north-central Chile.Atna Resources …
Exchange Rates (August 13, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1US$ in C$1.5340Holiday1.53481.5412…
MOST ACTIVE ISSUES, AUGUST 1-7
ExchgVol(000s)HighLowCloseChangeFreeport McB*N1511811.3710.6810.98+0.22…
River turns to shareholders
Hard-pressed for cash, River Gold Mines (RIV-T) is attempting to raise $5.4 million by issuing just over 31 million rights to its shareholders.Proceeds are earmarked for debt reduction, working capita…
Metal Prices (August 13, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug.7Aug. 6Aug. 3Aug. 2Aug. 1Aluminium1356/1386…
LME WHSE LEVELS (August 13, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 7/01 (change from July 31 in brackets):MetalStock (tonnes)ChangeAluminium665175(…
GREATEST VALUE TRADED, AUGUST 1-7
ExchgVal($000s)HighLowCloseChangeAlcoa*N49050939.3036.5137.00-2.23…
Grupo Mexico hurt by lower prices
Despite cost-cutting, Grupo Mexico suffered a loss of US$42.7 million (7 per share) on revenue of US$1.5 billion during the first half of 2001.By comparison, earnings in the first half of last year t…
Cambior’s loss widens in quarter
Lower realized gold prices in the second quarter frustrated Cambior’s (CBJ-T) ongoing efforts to recover from a hedge book gone wrong in 1999.During the three months ended June 30, the company suffere…