Exchange Rates (August 19, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAugust 13August 12August 9August 8August 7US$ in C$1.56581.57401.5723…
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Northern Miner Indices (August 19, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
JML to test Marten River
JML Resources (JJJ-V) is preparing for a drill program at its diamond project in northern Ontario.Based on more than 1,800 till samples and the results of a helicopter-borne geophysical survey, JML in…
Diamonds North finds more kimberlite on Victoria Island
Exploration drilling by Diamonds North Resources (DDN-V) at the Blue Ice property on Victoria Island in Nunavut intersected a new kimberlite target and tested the known Snow Bunting kimberlite before …
Aurizon posts loss on improved output
Despite higher gold production and realized prices for the yellow metal, Aurizon Mines (ARZ-T) incurred a loss of $1 million (or 2 per share) during the recent second quarter.By comparison, the compa…
Partners unfazed by Stares
Although the latest drill results from the Stares property, near Thunder Bay, Ont., proved disappointing, partners RJK Explorations (RJX.A-V) and GLR Resource (GRS-T) intend to drill it again.Nine hol…
The Northern Miner — North American Mining Index (August 19, 2002)
72.56 (+3.45)(Sept. 30/98 = 100)…
Russian gold raises High River (August 19, 2002)
Near-record production from the 50%-owned New Britannia mine in Manitoba, combined with an increased stake in Russian gold miner Buryatzoloto, propelled High River Gold Mines (HRG-T) to a second-quart…
Teck joins Freewest at Lizar
Freewest Resources (FWR-T) has granted Teck Cominco (TEK-T) an option to earn up to a 65% stake in the Lizar gold project in the Kabinakagami greenstone belt, 330 km northeast of Thunder Bay, Ont.Teck…
Aussies launch gold index
The Australian Gold Council and Sydney-based Macquarie Bank have launched the AGC/Macquarie Australian Gold Index, which replaces the Australian Stock Exchange (ASX) S&P Gold Index.The new index consi…
Drop in prices points to economic double dip
Aug. 5-9 at a glance- Copper prices have failed to gain from any risks associated with fund short-covering and remain in the crucial support area of US$1,500 per tonne.- Aluminum has found good suppor…
PEOPLE (August 19, 2002)
Aber Diamond — Thomas O’Neill appointed director.Coeur d’Alene — Kenneth Thompson appointed director.Dofasco — Walter Bilenki appointed VP finance; Joe Neri appointed president, powerl…