Namco hits a sweet spot (July 29, 2002)
Marine diamond miner Namibian Minerals (NMR-T) has hit a sweet spot on Feature 22 at its Hottentot Bay grant off th…
News
Trading Summary (July 29, 2002)
Bargain hunters helped Toronto stocks rebound on Monday, but failed to power Canada’s senior exchange to the impres…
New chemical regulations could affect mining
The federal government has drafted regulations that seeks to “classify” certain information on materials and chemicals that could be dangerous in the hands of terrorists.The rules will apply to large …
Queenston drills at Kirkland Lake
Fresh on the heels of a $5-million financing, Queenston Mining (QMI-T) has closed the purchase of Newmont Mining’s (NEM-N) half-interest in the Kirkland Lake joint venture in Ontario and launched a ne…
Lower output whacks FCX earnings
True to its early-July warning, Freeport-McMoRan Copper & Gold (FCX-N) has seen its bottom line eroded by heavy rainfall and lower head grades at the Grasberg mine in Indonesia.In the second quarter, …
Low costs at El Peon buoy Meridian (July 29, 2002)
The El Peon gold mine in Chile remains one of the world’s lowest-cost producers, enabling Meridian Gold (MNG-T) to post net earnings of US$11.3 million for the second quarter of 2002.The income, whic…
TSE Short Positions (July 29, 2002)
Short positions outstanding at July 15, 2002Larger individual positions includeAber Diamond 371,442 down 108,881; Agnico-Eagle 5,058,576 down 256,686; Alcan 1,195,306 down 692,465;…
US mining shares walloped
The 7-day period that ended July 23 was marked by relentless waves of panic selling in markets across the world. In the U.S., the S&P 500 index sank 11.4% to 797.71 points, the Dow Jones Industrial Av…
GREATEST VALUE TRADED, JULY 17-23
ExchgVal($000s)HighLowCloseChangeAlcanT61938550.3541.4141.41-6.40…
PEOPLE (July 29, 2002)
Coeur d’Alene — Mitchell Krebs appointed director of corporate development.Desert Sun — Eric Edwards appointed CFO; Peter Bojtos appointed director; William Pearson and Godfrey Walton appointed cons…
Fire assay course in Montana
The Center for Advanced Mineral and Metallurgical Processing at the University of Montana will host a course on fire assaying.The course, slated for Aug. 18-23 at the Fairmont Hot Springs Resort, is d…
E3 manual goes online
Users will have their first peek at the Environmental Excellence in Exploration (E3) e-manual in early August, when the Prospectors & Developers Association of Canada makes part of it available for vi…