Palladium shoots past US$1,000-per-oz. mark
Palladium was the bright light among the precious metals during the Jan. 3-9 report period, at last cracking the US$1,000-per-oz. barrier to reach a record high of US$1,047 per oz. Prices for palladiu…
Namibian Minerals Corporation
Marine miner suffers setback
NamSSol, the first-generation seabed crawler of marine diamond miner Namibian Minerals (NMR-T), was damaged while being recovered from the seabed to the support vessel MV Kovambo.NamSSol was operating…
Gold stages comeback, palladium touches new high
In another strong display of staying power, gold jumped US$4.50 over the holiday-shortened Dec. 20-26 report period, adding to a 25 gain in the previous week. The yellow metal, which was fixed at US$…
Namibian slips into the red
Exceptional costs and fewer sales translated into a small quarterly loss for marine diamond miner Namibian Minerals (NMR-T).Losses in the three months ended Sept. 30 totalled US$665,000 (or 1 per sha…
Namco boosts ODM’s diamond output
Less than six months after its US$60-million takeover of Ocean Diamond Mining (ODM), marine diamond miner Namibian Minerals (NMR-T) reports a 30% increase in production from ODM’s operations off the c…
Resource stocks fail to ride broad market wave
The March 22-28 report period proved to be a volatile one, with the Toronto Stock Exchange 300 index passing the 10,000 mark for the first time ever on March 23 — only to slip to 9,922.85 by the week…
Namco cleans up in more ways than one Investment Commentary
After paying a visit to Namibia to view the country’s offshore diamond mining operations, analyst Roger Chaplin of T. Hoare Canaccord returned with good things to say about the growth prospects of one…
Namco profits soar
Stronger production and higher realized prices enabled marine diamond miner Namibian Minerals (NMR-T) to post a tidy profit in 1999.Earnings topped US$17.1 million (or 43 per share) on 1999 revenue o…
Companies (November 15, 1999)
Aber ResourcesAfrioreAnaconda NickelAnglo AmericanAnglogoldApex Silver MinesAshanti GoldfieldsAtna ResourcesAurizon MinesBarrick GoldBattle MountainBema GoldBlack Hawk MiningCambiorCamecoCanarc Resour…
DIAMOND PAGE — Nora ties up more ground in Namibia
Nora Exploration (NXI-M) is poised to earn a majority interest in 1,000 sq. km of marine concessions off the coast of Namibia.To earn an initial 30%, Nora must pay South African-based Woduna Mining Ho…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Broad market vaults over poorly performing golds
Led by the industrial products and utilities sectors, the Toronto Stock Exchange 300 index climbed 77.26 points during the report period ended Nov. 9, closing at 7,292.58. Metal producers fared poorly…
Companies (November 08, 1999)
Agnico-Eagle MinesAltoro GoldBreakwater ResourcesBroken Hill ProprietaryBuryatzolotoCambiorConsolidated Norsemont VenturesConsolidated Pine Channel GoldCopper HillEcho Bay MinesEcuadorian Mi…