Stronger prices tied to US recovery
Base metals markets traded sideways in thin volumes during the report period July 1-5 as U.S. stock markets and the U.S. dollar regained some poise.A more stable outlook for U.S. financial markets wou…
News
Central Fund closes US$48.5m share issue
Central Fund of Canada (CEF.A-T), a precious metals holding company based in Calgary, has sold 11.6 million class A shares to a syndicate of underwriters led by CIBC World Markets. The proceeds total …
Correction (July 15, 2002)
Two photos accompanying a report on Moydow Mines International (MOY-T) in our July 8-14 issue should have been credited to the company.Also, the final sentence was incomplete. It should have read: “In…
The Northern Miner — North American Mining Index (July 15, 2002)
83.40 (+3.81)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (July 15, 2002)
89.38 (+1.88)(Sept. 30/98 = 100)…
MOST ACTIVE ISSUES, JULY 3-9
ExchgVol(000s)HighLowCloseChangeKinross GoldT275113.473.033.46+0.02…
GREATEST VALUE TRADED, JULY 3-9
ExchgVal($000s)HighLowCloseChangeAlcoa*N40023833.5231.8031.96-1.00…
Gold Funds (July 15, 2002)
Gold Funds as at July 4, 2002Dundee Precious MetalsCentral FundNet Value$23.51$5.85Price$17.30$6.46…
Aurizon buys out TVX royalty
Aurizon Mines (ARZ-T) has paid $5 million in cash for TVX Gold’s (TVX-T) residual interest in the Casa Berardi property in northwestern Quebec.The residual interest consisted of an outstanding $3.9-mi…
Canadian heavyweights kicked off S&P 500
The July 3-9 report period ended with a surprise bang, when Standard & Poor’s announced that it was removing Alcan, Barrick Gold, Placer Dome and Inco from its S&P 500 index…
Alamo Dorado gets positive feasibility study (July 15, 2002)
Corner Bay Silver (BAY-T) has unveiled the results of a feasibility study on its Alamo Dorado project in Mexico’s Sonora state.The study, performed by AMEC E&C Services, tested the economics of an ope…
Rio Narcea trims debt (July 15, 2002)
Junior Rio Narcea Gold Mines (RNG-T) has taken a step towards financial freedom by repaying a multi-million-dollar credit facility with Deutsche Bank.The repayment, which comes three years earlier tha…