Understanding Graham
I respectfully disagree with the editorial criticism of Ben Graham (Risk without Wealth, T.N.M., July 22-28/02). A pairing of poor values with volatile prices do not make equity markets doubly unattra…
News
LME Warehouse Levels (August 26, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20 (change from Aug. 13 in brackets):MetalStock (tonnes)ChangeAluminium1295775(-…
The Northern Miner — Small Producers Index (August 26, 2002)
70.22 (-3.49)(Sept. 30/98 = 100)…
Enviromental concerns affect boron demand
Consumption of borate in the detergents industry continues to be affected by environmental concerns, according to a report from London-based Roskill Information Services.Economics of Boron (10th editi…
Royalty-dee, royalty-dum: how governments take their cut
“Royalty” is a term which defines its own origin and meaning. Sometime way back when, in the dim and hoary past, kings and queens must have managed to con (and/or intimidate) their subjects into belie…
Placer extends Aurion offer
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has again extended its unconditional final bid.Placer’s offer of 17.5 of its own shares for every 100 AurionGold shares plus A35 ca…
SouthernEra to boost Messina stake
With an eye toward increasing its stake in the Messina platinum group metals mine in South Africa, SouthernEra Resources (SUF-T) has agreed to underwrite a rights issue by the mine’s owner, Messina.Me…
TVX posts improved earnings (August 26, 2002)
Buoyed by a higher gold price and a US$1.2-million gain on the sale of its residual interest in the Casa Berardi mine in northwestern Que., Toronto-based TVX Gold (TVX-T) posted improved second-quarte…
Vote to settle Pan Am/ Corner Bay merger
As shareholders prepare to vote on the proposed merger between Pan American Silver (PAA-T) and Corner Bay Silver (BAY-T), the deal remains conditional on Corner Bay’s securing water rights for the Ala…
Kanowna Belle helps drive Aurion
Kalgoorlie, Australia — If history is any guide to the future, the story behind the discovery of the Kanowna Belle gold deposit in the Eastern Goldfields of Western Australia is a key factor driving …
Gold Funds (August 26, 2002)
Gold Funds as at August 15, 2002Dundee Precious MetalsCentral FundNet Value$21.28$5.75Price$15.50$6.44…
Exchange Rates (August 26, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14US$ in C$1.57151.57101.56011.5…