Spot Prices Wed. May 1, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$308.30+$3.80Silver$ 4.54-$0.04Platinum$523.00-$…
News
US producers mixed over gold rally
Despite a rally in bullion prices, U.S. gold producers were a mixed bag during the April 24-30 report period.Newmont Mining dove US73 to US$28.51 on a volume of 19.4 million shares, whereas AngloGold…
TSE renames CDNX, revamps TSE 300 Index
It looks as if “rebranding” fever has hit the Toronto Stock Exchange hard.In a follow-up to its $50-million takeover of the Canadian Venture Exchange (CDNX) in May 2001, the TSE has renamed the junior…
Hibernation sends Richmont’s sales south
With revenue grinding down to a mere $863,306 during the first three months of 2001, junior Richmont Mines (RIC-T) posted a loss of $348,427, or 2 per share.That’s nonetheless an improvement over the…
More water, more options for Alcan smelter
A higher-than-usual accumulation of snow at Alcan’s smelter in British Columbia has provided the aluminum giant with some interesting options.These include storing the water for future use, or selling…
Recovery concerns grow
The U.S. economy is entering a critical period. Confidence in the recovery has begun to wane, economic data have failed to provide a completely comprehensive and convincing picture, and even better-th…
PEOPLE (May 06, 2002)
Augusta — Christopher Jennings appointed director.Boliden — Sverker Martin-Lof appointed director.First Dynasty — Sanjay Dalmia appointed president and CEO.Fort Knox…
Gold bars go missing
The management team of Harmony Gold Mining was more than a little puzzled after two 1-oz. gold bars went missing at a presentation of the company’s quarterly results in late April.The case of five gol…
Cayeli, Troilus land Inmet in black (May 06, 2002)
Higher production at the Cayeli copper-zinc mine in Turkey and the Troilus gold mine in northern Quebec helped offset lower metal prices and powered Inmet Mining (IMN-T) to improved results during the…
Semafo pours gold
Montreal-based junior Semafo (SMF-T) is celebrating its graduation to gold-producer status.On April 25, the company poured its first-ever ingot, weighing 8.8 kg, from its Kiniero open-pit gold mine in…
Boliden hits mark at Garpenberg
Underground drilling by Swedish miner Boliden (BLS-T) in the Garpenberg area of central Sweden has encountered “extensive mineralization.”The holes, sunk from the 900-metre level, aimed at the 850- an…
Iodine supply forecast to rise
The supply of iodine is set to rise as producers in Turkmenistan refurbish and expand capacity, according to The Economics of Iodine (eighth edition), published by Roskill Information Services.The cou…