Trading Summary (May 21, 2002)
The Toronto Stock Exchange was a little weaker in trading on Tuesday, with the TSX Composite Index slipping 38.72 p…
2002
Pan American Silver to buy Corner Bay
In a friendly, all-share deal, Vancouver-based silver producer Pan American Silver (PAA-T) is offering to acquire a…
More high-grade for Cumberland
Drilling by Cumberland Resources (CBD-T) at its Meadowbank gold project north of Baker Lake in Nunavut has interse…
Drill turns at Limousine Butte (May 21, 2002)
Vancouver — Newmont Mining (NEM-N) has launched a fourth round of drilling on Nevada Pacific Gold’s (NPG-V) Limous…
Pacific Rim eyes La Calera
Vancouver — With both the court and shareholders approving the merger of Pacific Rim Mining and Dayton Mining, the…
Spot Prices Wed. May 15, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$307.50-$3.40Silver$ 4.60-$0.02Platinum$537.00+$…
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…
Goldcorp cruises on Red Lake (May 20, 2002)
Despite lower revenue, Goldcorp (G-T) managed to post record first-quarter earnings, thanks to the performance of its Red Lake mine in northwestern Ontario.Revenue during the three months ended March …
Daily Metal Prices (May 20, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 14May 13May 10May 9May 8Aluminium…
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 …
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…
Olympus Pacific encouraged at Khe Rin
Olympus Pacific Minerals (OYM-V) is bullish about partial assay results from an 18-hole, 2,100-metre drilling program on the Phuoc Son gold project in central Vietnam.The drilling was aimed at testing…