Gold makes comeback
Only a few weeks ago, gold dropped to its lowest level in 36 months after an unprecedented 2.5-year-long slide from its 1980 record high of US$850 per oz. However, the yellow metal has now soared back…
News
Southern discomfort
The news from the Latin nations of South America in recent months has not been comforting.The International Monetary Fund (IMF) recently lent Brazil US$30 billion to meet immediate debt repayments. Fa…
News – 26-AUG-02
Boliden profitable in first half
Sticks and stones may break its bones, but Boliden (BLS-T) is in the black for the quarter.Shortly after a European Union vice-president called it a “slut,” the Swedish base metals producer has posted…
NAME CHANGES (August 26, 2002)
Dalmatian Resources (DTN-V) has changed its name to Enwest Ventures (ENN-V) on a 1-new-for-3-old-share basis.
Southern Peru sale put on hold
A planned transfer of the majority stake in copper miner Southern Peru Copper (PCU-N) from Asarco to parent company Grupo Mexico is on hold following an injunction obtained by the U.S. Department of J…
The Northern Miner — North American Mining Index (August 26, 2002)
71.35 (-1.21)(Sept. 30/98 = 100)…
Rally leaves golds behind
A strong rally in the U.S. markets over the report period Aug. 13-20 brought the Dow Jones Industrial Average up 4.6% and the broader Standard & Poor’s 500 up 6%.The Dow finished the period at 8,872.0…
Canadian Stock Exchange Indices (August 26, 2002)
DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14HighLowTSX Composite6655.296658.106571.726557.576550.07…
Market Summary
The golds and base metals stocks on Canada’s major bourse ended the trading week by posting big losses. The gold in…
Novicourt takes a loss
Noranda’s (NRD-T) base metal subsidiary Novicourt (NOV-T) continues to suffer the ills of low copper and zinc price…
Drill turns at Kikerk Lake
Vancouver — Ashton Mining of Canada (ACA-T) and its joint-venture partners, Northern Empire Minerals (NEM-V) and C…