Coeur outlines more silver at Martha
Reverse-circulation drilling by Coeur d’Alene Mines (CDE-N) has increased the resource at the Martha silver mine in Santa Cruz province, Argentina, by about a quarter.The new resources are along strik…
2002
Bulls beat bears on Venture exchange
Vancouver — Canada’s junior exchange was in a bullish mood over the report period ended Nov. 12. The S&P-TSX Venture Exchange composite index gained 22.18 points, or 2.37%, to finish the week at 955….
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 …
Royal sees revenues rise on Pipeline production
A 2.6% increase in the sliding-scale royalty on production from the Pipeline operation in Nevada resulted in higher third-quarter revenue for Denver-based Royal Gold (RGL-T).The gold royalty company s…
Fording adds cash to fight hostile Sherritt bid
Bolstering its defence against a $1.6-billion takeover bid by the Sherritt Coal Partnership II, Fording (FDG-T) has announced plans to offer shareholders a $3-per-share cash bonus as part of its propo…
Grasberg delivers the goods in third quarter
Freeport-McMoRan Copper & Gold (FCX-N) is bouncing back from a disappointing first half, thanks to strong operating performance at the massive Grasberg copper-gold mine in Indonesia.The improvement re…
Edgar Pye
Edgar Pye, who formed the Ontario Geological Survey in 1972, has died.A geology graduate of the University of Toronto, Pye began his career in 1948, mapping iron formations in Ashmore and Errington tw…
PEOPLE (November 18, 2002)
Almos Gold — Chester Millar, John McCluskey, Steve Stine, James McDonald and Richard Hughes appointed directors.
GREATEST VALUE TRADED, NOV. 6-12
ExchgVal($000s)HighLowCloseChangePlacer DomeT62150317.0015.1715.62+0.12…
Daily Metal Prices (November 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 12Nov. 11Nov. 8Nov. 7Nov. 6Al Alloy1296/1301…
Higher output boosts Rio Narcea’s quarter
Rio Narcea Gold Mines (RNG-T) has posted a higher profit in the third quarter, thanks to increased gold production and an improvement in realized gold prices.Earnings totalled US$2.4 million (or 3 pe…
Glamis doubles Marlin resource
Halfway through a US$3-million drilling campaign, Glamis Gold (GLG-T) has more than doubled the resource of the Marlin gold-silver project in western Guatemala, expanding it to 3.3 million oz. gold-eq…