Trading Summary (September 02, 2003)
A US$2.50-per-oz. drop by gold to US$372.80 per oz. in New York sent Toronto’s gold index 3.65 points, or 1.8% of v…
News
Committee Bay yields high-grade gold (September 02, 2003)
Vancouver A 1,477-metre drill program by partners Committee Bay Resources (CBR-V) and Gold Fields (GFI-N) has ret…
Corriente cuts new copper at Mirador (September 02, 2003)
Drilling by Corriente Resources (CTQ-T) has cut a new zone of high-grade copper mineralization about 3 km to the no…
BHP boosts profit
Vancouver – Despite a drop in sales, Australia-based BHP Billiton (BHP-N) saw profits rise to US$1.9 billion, or US…
Pechiney snubs Alcan sweetener (September 02, 2003)
Alcan (AL-T) has taken a sweetened takeover bid for Pechiney off the table after the French rival roundly rejected…
Sulliden targets oxides
Preliminary drilling at the Shahuindo gold-silver property in Peru has led to the discovery of further promising mineralization for Sulliden Exploration (SUE-T).Situated 15 km west of the city of Caja…
Andean aims for higher output at Santa Rosa
Vancouver — Junior producer Andean American (AAG-V) is stepping up efforts to expand production and lower operating costs at its Santa Rosa gold mine in Peru.The mine is at the southern end of the so…
Editorial Cartoon (September 01, 2003)
Broad market slips as gold miners rise
The Standard & Poor’s/TSX composite index began the Aug. 20-26 report period on a high note, only to succumb to bearish mentality by its close. The result was a value reduction of 32.09 points, as the…
Peruvian police nab murder suspect
Peru’s national police have arrested a suspect in the shooting death of Jorge Luis Injoque, a geologist working for Barrick Gold in that country. The suspect’s name was not released.Injoque died July …
Gold bugs support Chinese gold IPO
Zhongjin Gold Co., China’s first-ever gold producer, recently bowed on the Shanghai Stock Exchange, and by the end of its first day of trading, its A shares had closed at 8.82 yuan — more than double…
Good pay day for BHP’s Goodyear
BHP Billiton CEO Charles “Chip” Goodyear will receive an annual remuneration package worth almost A$6 million.The package consists of a base salary of A$1.9 million, another A$1 million in lieu of sup…