Black Hawk posts small quarterly loss
With production from the Limon gold mine in Nicaragua down from last year, Black Hawk Mining (BHK-T) lost US$432,000 on revenue of US$4.3 million in the three months ended Sept. 30.For the first nine …
Newmont Mining Corporation
JP Morgan dispels rumours
The gold bugs watched in glee as their arch nemesis, JP Morgan, the counterparty to most gold-derivatives trading, issued a statement that refuted rumours it had recently lost upwards of US$17 billlio…
Newmont still firmly in the black
Higher sales volumes and metal prices enabled Newmont Mining (NEM-N) to post its second profitable quarter as the world’s largest gold producer.Newmont earned US$24 million, or US6 per share, in the …
Northern Miner Indices (November 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Precious metals miners shine
While gold prices ended the report period virtually unchanged at around US$317 per oz., gold bugs drew encouragement that most of the gold miners showed uncharacteristic strength and added to the prev…
Northern Miner Indices (November 11, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Int’l Gold drills Myrtle
Vancouver — International Wayside Gold Mines (IWA-V) reports that assay results from two of five holes on its Myrtle claims have intersected high-grade gold mineralization.Situated near Wells, B.C., …
OM in freefall
After dropping from US$40 to US$30 in the previous week, the shares of cobalt refiner OM Group collapsed further during the report period, falling 71% on Oct. 29 to US$8.95 and closing at US$7.49 on t…
Markets stage stunning rally
The period ending Oct. 15 saw a dramatic surge in the broad U.S. markets, with both the Dow Jones Industrial Average and the S&P 500 index surging more than 10% to 8,255.68 and 881.27 points, respecti…
Newmont turns Black Hawk down
Newmont Mining (NEM-N) has decided not to act on an option to earn earn a 55% stake in Black Hawk Mining’s (BHK-T) exploration properties in Nicaragua.Newmont had already sunk US$1.5 million into expl…
Quebec gold juniors still on the move
Rouyn-Noranda, Que. — The annual convention of the Quebec Prospectors’ Association, held here recently in the heart of the Abitibi, is shining a spotlight on the many exploration and development proj…
Golds slump in weak market
Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…