Policies aim to strengthen Canada’s north
The federal government has introduced policies designed to strengthen standards for environmental protection through the reclamation of producing mine sites.The policies were developed in consultation…
News
Starfield bullish at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) reports encouraging results from stepout and infill drilling at its Ferguson Lake nickel/copper/ cobalt/platinum-group-metal project in Nunavut.A stepout hole …
Penasquito continuity confirmed (August 05, 2002)
Vancouver — The latest assay results from a recently completed 6,900-metre drill program on the Penasquito base metal property in Mexico have prompted Western Copper Holdings (WTC-T) to drill an addi…
AngloGold trims hedge
Eyeing a strengthening gold price, AngloGold (AU-N) trimmed its hedge book by another 2.4 million oz., to 10.5 million oz., during the second quarter.The move, which followed a 1.7-million-oz. reducti…
Sherritt enjoys coal-fired quarter
Higher realized nickel prices helped Sherritt International (S-T) to improved second-quarter net earnings of $24.6 million.The profit, which translates into 15 per diluted share, is a marked improvem…
Consumer buying augurs well for metals
Metals prices continued to move in lock step with equity market indices for the time being. This is not the usual picture in the early stages of an economic upturn. Weak equity markets have not hamper…
The Northern Miner — Small Producers Index (August 05, 2002)
68.38 (-3.34)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (August 05, 2002)
70.81 (+3.95)(Sept. 30/98 = 100)…
Phelps Dodge takes loss in quarter (August 05, 2002)
Copper producer Phelps Dodge (PD-N) lost money in the three months ended June 30 but was able to reduce operating and overhead costs and clear off debt.The Arizona-based company booked a loss of US$36…
AurionGold rejects cash-sweetened bid
Vancouver — Directors of Australian miner AurionGold are sticking to their guns and advising shareholders to reject a revised, hostile bid from Placer Dome (PDG-T).With falling gold prices knocking P…
Nevada Star hunts for PGEs
Anchorage, Alaska — Nevada Star Resource (NEV-V) has assembled a prospective nickel/copper/platinum-group-metal land package on the southern flanks of the Alaska range, 402 km northeast of here.The p…
Gold Funds (August 05, 2002)
Gold Funds as at July 25, 2002Dundee Precious MetalsCentral FundNet Value$19.88$5.98Price$15.05$6.20…