NovaGold hits high grade at Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska has cut high-grade gold mineralization within the modeled confines of the Acma pit.Initial results from the st…
2002
Spot Prices Wed. October 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$317.15+$3.75Silver$ 4.48+$0.07Platinum$590.00+$…
Canadian Stock Exchange Indices (November 04, 2002)
DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23HighLowTSX Composite6294.816419.376405.876336.86…
High Arctic zinc mine closures signal end of era
Nanisivik, Nunavut — The final zinc and lead concentrate shipments from the High Arctic departed for Europe’s smelters in September, signaling the end of an era for Canadian mining.For more than two …
Wolfden outlines depth potential at High Lake
Vancouver — Wolfden Resources (YWO-V) continues to intersect high-grade copper mineralization at depth and down-plunge in the B zone of its High Lake property, in the Kitikmeot region of Nunavut, abo…
Financing in hand for Samira Hill project (November 04, 2002)
The African Development Bank (ADB) has approved a US$12.5-million loan to La Socit des Mines du Liptako (SML) to finance the Samira Hill-Libiri gold mining project in Niger.SML is 80%-held by Africa…
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…
Ariane confirms French Guiana grades
Vancouver — Initial results from ongoing drilling by Ariane Gold (AGD-T) have confirmed that high-grade zones occur in a broad gold resource at the Camp Caiman project in French Guiana.The infill pro…
St. Jude drills for gold in Ghana
Vancouver — St. Jude Resources (SJD-V) has launched a drilling campaign designed to trace the strike and downdip extension of high-grade zones at the Subriso and Hwini-Butre prospects in Ghana, West …
NAME CHANGES (November 04, 2002)
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.Seine River (SRO-V) has changed its name to Trinity Plumas Capital…
Ashanti ends profitable quarter (November 04, 2002)
Ghanaian gold producer Ashanti Goldfields (ASL-N) maintained its profitability in the third quarter, while the pressure of near-term debt continued to subside. Ashanti made US$22.5 million (or US18 p…
MOST ACTIVE ISSUES, OCTOBER 29
ExchgVol(000s)HighLowCloseChangeNelson ResT333440.650.550.60+0.05…