San Martin guides Glamis to profitablity
Led by a strong operational performance at its wholly owned San Martin mine in Honduras, Glamis Gold (GLG-T) turned in some solid numbers for the second quarter of 2002.Gold production from its three …
News
Barrick drills for gold at Rimfire’s RDN project
Vancouver — Rimfire Minerals (RFM-V) reports that Barrick Gold (ABX-T) has kicked off a 3,000-metre drilling campaign at the RDN project in northwest British Columbia, 40 km northwest of the Eskay Cr…
News – 12-AUG-02 (August 12, 2002)
Minera Andes finds more gold in Argentina
Vancouver — Reconnaissance surface sampling at Minera Andes’ (MAI-V) El Pluma-Cerro Saavedra project in southern Argentina has uncovered new areas of high-grade gold and silver mineralization.The res…
Producer and Dealer Prices (August 12, 2002)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
Exchange Rates (August 12, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAugust 6August 5August 2August 1July 31US$ in C$1.5933Holiday…
Bradstone Equity dumps Peruvian Gold
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Alamos Minerals (AAS-V) — Nerio Cervantes, director, sold 5,000 shares at 90 apiece to hold …
St. Jude cuts bonanza grade at South Benso (August 12, 2002)
Vancouver — St. Jude Resources (SJD-V) and Montreal-based Fairstar Explorations (FFR-T) have cut bonanza-grade drill intersections at their jointly held South Benso concession in Ghana, West Africa.D…
Ashanti out from under margin requirements
An infusion of cash from a US$75-million note issue allowed Ghanaian gold producer Ashanti Goldfields (ASL-N) to retire old debt and buy out of earlier hedge arrangements that subjected it to margin c…
Ekati turns in strong performance
In the Lac de Gras area of the Northwest Territories, some 300 km northeast of Yellowknife, Canada’s lone diamond mine churned out 4.56 million carats of stones for the fiscal year ended June 30, 2002…
Eunsan attains commercial status
Five months after pouring the first dore bar, Ivanhoe Mines (IVN-T) has declared its Eunsan gold-silver mine in South Korea a commercial success.Since March, the mine has produced 2,300 oz. gold and 1…
Business or stock play?
Last week we argued that stock-based compensation did a poor job of aligning management’s interests with those of the shareholders. The question of accounting for the cost of option plans, while it is…