Early signs of recovery
COMMENTARY/BC & YUKON CHAMBER OF MINESThe level of interest in mineral exploration in British Columbia has increased appreciably over the past several months, largely as a result of legislative and po…
News
Market mayhem crushes miners
U.S. markets were extremely volatile and bearish over the report period ended July 16, with the general media often using the term “bungee-jump” to describe the intra-day moves of the main market indi…
New forms of gold jewelry share spotlight
Two South African gold companies have entered separate offerings in the gold jewelry market, but for different reasons.AngloGold has teamed with American talk-show host Oprah Winfrey and Edgars, the c…
Markets go over cliff, headfirst
TORONTO STOCK EXCHANGEWhile there hasn’t yet been a screaming rush to the exits, stock markets saw heavy selling during the report period July 10-16. The Toronto Stock Exchange was no exception, with …
Cumberland starts new Meadowbank drilling (July 22, 2002)
Cumberland Resources (CBD-T) has started a second phase of drilling on its Meadowbank gold project in Nunavut, following an earlier program that outlined a new zone of mineralization.The new program, …
Correction (July 22, 2002)
The editorial in our July 15-21 issue was cut off without its last line. The last sentence should have read, “That means secure property rights and the enjoyment of income, resources or no resources.”
GFMS hosts seminar
Issues affecting the precious metals market will be discussed at a seminar hosted by Gold Fields Mineral Service on Sept. 24 at Trinity House in London.The event caters to mining executives, central b…
Bears maul bulls on junior exchange
TSX VENTURE EXCHANGEVancouver — Canada’s venture exchange succumbed to downward market pressure over the week ended July 16. The S&P TSX Venture Exchange composite index tumbled 52.03 points, or 4.5%…
Partners drill Footwall
Aurora Platinum (ARP-T) and joint-venture partner Falconbridge (FL-T) are about to begin the next phase of exploration on the Footwall property near Sudbury, Ont. Falco is the operator.The 16-sq.-km p…
Alcan’s earnings down, revenues up (July 22, 2002)
Despite lower prices for its aluminum products, Alcan (AL-T) still managed to turn a respectable profit in the second quarter.For the period ended June 30, Alcan posted net income attributable to comm…
GREATEST VALUE TRADED, JULY 10-16
Value($000s)HighLowCloseChangeAlcanT81428452.2546.7448.64-5.56…
Exchange Rates (July 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 16July 15July 12July 11July 10US$ in C$1.53481.53661.53021.5…