Economic woes hamper silver market
The silver market appeared calm in 2002, compared with the more volatile gold, platinum, and palladium markets, according to London-based CPM Group.In a report titled Silver Survey 2003, CPM points ou…
Placer Dome Inc
Northern Miner Indices (May 26, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Alamos Gold advances Estrella
Vancouver — In the late 1990s, Placer Dome (PDG-T) and partner Kennecott Minerals tabled a feasibility study that indicated only a marginal return on the Mulatos gold project. Today, newly minted Ala…
Broad market crawls ahead, gold rallies
The Toronto Stock Exchange composite index began the holiday-shortened May 26-June 1 report period on an uptick, then moved sideways. By the period’s end, it had risen 29.2 points to settle at 6,732.1…
American Bonanza eyes Arizona’s high-grade potential
Having completed a $4-million equity financing at the first of the year, which saw Goldcorp (G-T) acquire a 10% stake in the company, American Bonanza Gold Mining (BZA-V) is in the midst of an undergr…
New gold trusts launched
With gold prices on the rise, several gold-bullion investment vehicles are sprouting up in Canada, the U.S. and Australia.In Canada, the managers behind North America’s only publicly traded bullion fu…
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…
Northern Miner Indices (May 19, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Placer Dome enjoys record quarterly profit
Vancouver — Increased production and a higher realized gold price enabled Placer Dome (PDG-T) to generate record earnings in the first quarter.The company earned US$64 million (or US16 per share) on…
Franco’s Nevada royalty on block
One of the most valuable assets in the Nevada gold belt — Franco-Nevada Mining’s royalty interests in the burgeoning Goldstrike mine — is for sale.Situated in the Carlin gold trend, near Elko, and a…
Placer to offload Falco stake
Placer Dome wants to divest itself of its interest in Falconbridge.Placer has a 14% share interest in the nickel producer, representing about 15.6 million shares. Placer’s Falconbridge shares are held…
NovaGold spins off assets
Vancouver — NovaGold Resources (NRI-T) and Viceroy Resource (VOY-T) have formed an company to explore for gold in the Yukon and British Columbia.Dubbed SpectrumGold, the company will hold all of Nova…