People (May 19, 2003)
America Mineral Fields — Gregg Sedun resigned from board of directors and as secretary.Amerigo — Klaus Zeitler appointed president; Seven Dean appointed chairman; Roger Moss appointed VP exploration…
2003
Sao Bento returns Eldorado to black (May 19, 2003)
With production levels restored at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) turned in a tidy profit for the first three months of 2003.The company earned US$2.6 million (or a penny per shar…
The Northern Miner Indices (May 19, 2003)
North American Mining: 66.70 (-0.10)Small Producers: 64.03 (+0.76)(Sept. 30/98 = 100)…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Claude aims drills at Porky (May 19, 2003)
Followup drilling by Claude Resources (CRJ-T) on the Currie Rose property, 2 km north of its Seabee mine in northern Saskatchewan, has confirmed the continuity of the West Porky gold zone and also unc…
Northern Miner Indices (May 19, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Canadian Stock Exchange Indices (May 19, 2003)
DateMay 13May 12May 9May 8May 7HighLowTSX Composite6702.916717.506650.036620.776…
Miners have volatile week
U.S. stock markets advanced modestly over the five trading days May 7-13, with the Standard & Poor’s 500 index up 7.91 points at 942.30 and the Dow Jones industrial average 90.89 points higher at 8,67…
Loan puts Tirisano expansion on fast track
A loan from the Industrial Development Corporation of South Africa will enable Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) to expand their Tirisano alluvial diamond mine in that cou…
Resource sector buoys junior exchange
Vancouver — The resource sector helped Canada’s junior exchange maintain its rally over the week ended May 13. The S&P-TSX Venture Exchange composite index tacked on 12.66 points, or 1.2% of its valu…
Newmont predicts brighter future for gold
A year after it became the world’s largest gold miner as a result of merging with Normandy Mining and Franco-Nevada Mining, Newmont Mining (NEM-T) remains as bullish as ever about the yellow metal.Spe…
CIM tackles globalization
Montreal, Que. — The 105th annual meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, held in this city’s gargantuan Palais des Congrs, was highlighted by a plenary session titled…