Placer cuts hedge book, extends Aurion offer
A day after deciding to reduce its hedge book, Placer Dome (PDG-T) extended its takeover offer for AurionGold, an Australian producer that is itself heavily hedged.By year-end, Placer expects to have …
Placer Dome Inc
Claude, Placer strike gold in Red Lake
Echoing the exploration success of their rival, Goldcorp (G-T), partners Placer Dome (PDG-T) and Claude Resources (CRJ-T) have discovered a high-grade gold system in the Red Lake camp of northw…
Northern Miner Indices (September 02, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Producers rise as broad market blows
The Toronto Stock Exchange composite index began the Aug. 21-27 report period on an upswing and stayed that way until the final day, when it reversed to 6,642.83 for a modest loss of 12.46 points over…
Kanowna Belle helps drive Aurion
Kalgoorlie, Australia — If history is any guide to the future, the story behind the discovery of the Kanowna Belle gold deposit in the Eastern Goldfields of Western Australia is a key factor driving …
Northern Miner Indices (August 26, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
TVX posts improved earnings (August 26, 2002)
Buoyed by a higher gold price and a US$1.2-million gain on the sale of its residual interest in the Casa Berardi mine in northwestern Que., Toronto-based TVX Gold (TVX-T) posted improved second-quarte…
Placer extends Aurion offer
Placer Dome (PDG-T), now with more than 31% of AurionGold’s shares, has again extended its unconditional final bid.Placer’s offer of 17.5 of its own shares for every 100 AurionGold shares plus A35 ca…
Noranda nixes Montana silver project
Faced with slumping metal prices, Noranda (NRD-T) has decided to discontinue work at at the Montanore copper-silver project in northwestern Montana after an updated feasibility study deemed the projec…
TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
Weaker gold price puts chill in eastern markets
The Toronto Stock Exchange’s Composite Index managed to gain 105.22 points, or 1.6% of its value, to end the Aug. 14-20 report period at 6,655.29 points. The brunt of the work was done during the last…
Gold’s prospects dominate Aussie mining conference
Kalgoorlie, Australia — Consolidation in the gold mining sector and an optimistic outlook for the price of bullion over the next 18 months had delegates in high-spirits at the 10th annual Diggers & D…