Trading Summary (August 20, 2002)
A late-day sell-off erased some decent gains by Toronto stocks on Tuesday. The golds finished among the Toronto Sto…
2002
Noranda rides out of Montana
Faced with slumping metal prices, Noranda (NRD-T) has decided to cut bait at the Montanore copper-silver project in…
Anglo pays for KCM exit
Anglo American (AAUK-Q) has agreed to pony up to another US$107.3 million before walking away from the Konkola copp…
Aurora Platinum proposes $1.2 million financing
Vancouver — Aurora Platinum (ARP-V) is in the process of raising up to $1.2 million though a financing that will c…
Trading Summary (August 19, 2002)
Toronto gold stocks plummeted 6.65 points or nearly 4% to finish at 164.29 on Monday as the yellow metal slumped US…
Daily Metal Prices (August 19, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 13August 12August 9August 8August 7Al Alloy1…
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…
Rio Narcea bullish at Aguablanca (August 19, 2002)
Having completed a bankable feasibility study of its advanced Aguablanca nickel-copper project in southern Spain, Rio Narcea Gold Mines (RNG-T) is awarding engineering contracts and arranging project …
Restructured Newmont proves profitable
Shareholders of Newmont Mining (NEM-N) got their first hard look at their “new” company, as the Denver-based gold giant released its first quarterlies, showing the full effects of its February merger …
DRC expands former-producing Afton mine
Vancouver — With $5 million in its coffers, DRC Resources (DRC-V) is busy expanding the resource at the Afton copper-gold project, near Kamloops, B.C.This year’s $1.1-million drilling campaign, which…
Pacific Rim options Cerro Gaspar (August 19, 2002)
Vancouver — Pacific Rim Mining (PMU-V) has inked a deal to earn a 60% interest in the Cerro Gaspar project in northeastern El Salvador from Brett Resources (brn-v).The company can do so by spending U…
SouthernEra expands presence in Bushveld
SouthernEra Resources (SUF-T) and its South African-based partner, Mvelaphanda Resources, are preparing to explore three platinum group metals properties in the Bushveld igneous complex.Dubbed Rooibok…