Ontario court awards damages to Kinbauri
The Ontario Superior Court of Justice has awarded junior explorer Kinbauri Gold (YKB-V) compensatory damages of $1.7 million plus prejudgment interest and costs, in relation to a failed 1990 merger ag…
News
Asarco tables more cuts (January 06, 2003)
Vancouver — Asarco, a subsidiary of the world’s third-largest copper miner, Grupo Mexico, aims to cut production at its Mission mining complex in southern Arizona to 22,000 tonnes annually.The debt-r…
Second attack kills 13 at TVI’s Canatuan
Vancouver — Less than a month after receiving approval to develop the Canatuan polymetallic property in the Philippines, TVI Pacific (TVI-T) has again felt the impact of local rebels.In late December…
People (January 06, 2003)
Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.AXMIN — Peter Lehner resigned as director.Tenke Mining…
Gold a safe haven once again, or so it seems Where the trouble ain’t
With gold touching US$350 per oz. on Boxing Day, we seem to be seeing the revival of the old relationship between the gold price and international tension. The old “safe haven” explanations for the me…
Editorial Cartoons
Radius reports hot holes in Guatemala
Vancouver — Drilling at the Holly prospect in eastern Guatemala confirms the presence of low-sulphidation, high-grade gold and silver veins, as well as bulk-style disseminated gold mineralization.The…
GREATEST VALUE TRADED, DEC. 23-27
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N28053530.1528.6529.73+1.12…
2002 marked by further consolidation
It did not feel as momentous as 2000 or 2001, when we saw the creation of several global mining giants, but 2002 was full of smaller-sized mergers, particularly in the precious metals sector.Among the…
Robert McEwen our Man of the Year
The Northern Miner’s Man of the Year in 2002, Rob McEwen of Goldcorp (G-T), has probably squeezed more shareholder value out of a small number of assets than anyone else in the gold business.McEwen, a…
Olympus looks to raise $1.5 million
Vancouver — Olympus Pacific Minerals (OYM-V) has arranged a brokered private placement worth up to $1.5 million. T…
Trading Summary (January 03, 2003)
Toronto’s gold stocks enjoyed a rising gold price on Friday climbing 4.45 points or more than 2% of value to 205.23…