Trading Summary (May 28, 2002)
A surging gold price sent the Toronto Stock Exchange’s gold issues higher on Tuesday with the group gaining more th…
Articles by Northern Miner Staff
Semafo extends Nyaf
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Nyaf gold-bearing structure, on the…
Namco losses narrow
Although still afloat, Namibian Minerals (NMR-T) lost US$8 million during the first three months of 2002.The US…
BHP Billiton extends copper cuts
Vancouver – In response to continued weak demand for copper, BHP Billiton (BHP-N) plans to extend its production cu…
Maude Lake shifts focus
With the price of gold reaching levels not seen in years, Maude Lake Exploration (MAU-V) has put its plan of creati…
Trading Summary (May 27, 2002)
The golds led the Toronto Stock Exchange lower to start the week dropping 7.82 points or 3.5%. The Mining index man…
Noranda, Falconbridge swaps execs
The integration of Noranda (NRD-T) and Falconbridge (FL-T) continues with some top-ranking officials on the move. …
Etruscan and Mountain Lake add Ventersdorp properties
Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have inked letters of intent to acquire 3 new diamon…
BC legislation targets exploration sector
Several amendments to British Columbia’s Mines Act and Mineral Tenure Act have been introduced under Bill 54. The changes are designed to clarify land rights and make it easier for companies for explo…
GREATEST VALUE TRADED, MAY 15-21
ExchgVal($000s)HighLowCloseChangeAurado ExplT101820.420.230.39+0.18…
PEOPLE (May 27, 2002)
Allican — Denis Lampron appointed director and VP finance; Pierre Ouellet and Daniel Kerouac appointed directors.Aquiline — John Sutherland and David Constable appointed directors.Canabrava…
Lending Rates (May 27, 2002)
as of 4 pm ET, May 21, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.35Gold lease…