Newmont unfazed by first-quarter loss
Despite a lacklustre start, Newmont Mining (NEM-T) expects it will soon be reaping the rewards of its recent acquisitions of Normandy Mining (NDY-T) and Franco-Nevada Mining.Newmont lost US$10.9 milli…
Barrick Gold Corporation
Altius leads exploration play in central Newfoundland
The cry “There’s gold in them thar hills” may be a cliche, but it sums up the feeling in the Botwood Basin area of central Newfoundland, where a staking rush is under way. Most of it is gold-centred.T…
El Sauzal poised to benefit from Glamis-Francisco merger
The proposed merger between Francisco Gold (FGX-V) and Glamis Gold (GLG-T), now set for mid-June, will provide the latter with some promising development projects.Under the binding offer, which has be…
Partners cut West zone gold (May 20, 2002)
Reverse-circulation drilling by partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) has cut “significant gold mineralization” at the West zone on the Tulawaka project, 160 km southwest of Mwanz…
MOST ACTIVE ISSUES, MAY 8-14
ExchgVol(000s)HighLowCloseChangeKinross GoldT243563.272.843.04-0.06…
GREATEST VALUE TRADED, MAY 8-14
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N45284830.1828.0428.05-1.17…
Northern Miner Indices (May 20, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
Huaron powers Pan Am
Newfound production at the Huaron mine in Peru and La Colorada mine in Mexico enabled Pan American Silver (PAA-T) to boost revenue to US$10.2 million in the recent first quarter, compared with US$4.5 …
Barrick clears US$46m in quarter
The first quarter of the year was kind to most gold producers, including the company that probably suffered the least in gold’s prolonged slump.Barrick Gold (ABX-T) recorded a US$46-million profit for…
MOST ACTIVE ISSUES, MAY1-7
ExchgVol(000s)HighLowCloseChangeTVX GoldT356391.431.251.37+0.07…
Northern Miner Indices (May 13, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…