Trading Summary (August 13, 2002)
A late-day selloff sent Toronto stocks deep into the red on Tuesday as th eU.S. Federal Reserve elected not to cut…
News
Imperial Metals cuts high grade at Sterling (August 13, 2002)
Vancouver–Imperial Metals (III-V) has released high grade assay results from the first three holes drilled in its…
Russian gold raises High River (August 13, 2002)
Near record production from the 50%-owned New Britannia Mine in Manitoba and an increased stake in Russian gold min…
AurionGold eyes higher profit, Placer ups its stake
With a bull’s-eye on its chest AurionGold has reported a net profit of A$63.2 million (or 20 per fully diluted sha…
Pacific Rim options Cerro Gaspar (August 13, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has inked a deal with Brett Resources (BRN-V) on the Cerro Gaspar project,…
Drills turn at Poste Lemoyne (August 13, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Po…
Boundary battle heads to arbitration
After a failed takeover attempt, Canadian Royalties (CZZ-V) is headed to arbitration with Ungava Minerals (UNGV-CUB…
Knife fight headed to court
Failing to come to an agreement at the 10-sq.-km Knife project in the north Slave Craton region of Nunavut, De Beer…
$5.2 m set for Fort la Corne
Based on the interim results from the 2001 evaluation program, the partners of the 225-sq.-km Fort la Corne joint…
Trading Summary (August 12, 2002)
Toronto stocks opened the week lower and stayed there on Monday as profit-takers lived up to their name. The golds…
Iamgold retires Sadiola debt, sees earnings slip
Junior producer Iamgold (IMG-T) is eyeing “significantly” higher cash flow now that all remaining debt relating to the Sadiola mine in western Mali has been retired.In mid-May, a US$31.5-million payme…
Placer extends bid
With about 21% of AurionGold’s shares tendered to its cash-sweetened bid late on Aug. 6, unrequited suitor Placer Dome (PDG-T) surprised no one and extended its offer for the Aussie gold miner by nine…