Exchange Rates (April 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 16April 15April 12April 11April 10US$ in C$1.57981.58921.5878…
Articles by Northern Miner Staff
Excellon parts with portion of Platosa JV
Vancouver-based Excellon Resources (EXN-V) has decided to part with a third of its stake in a joint venture with Apex Silver Mines (SIL-X) for just less than $1.3 million.Excellon is earning a 51% int…
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…
Cornerstone explores central Nfld
Junior Cornerstone Capital Resources (CTP-V) is gearing up to renew exploration at its Paul’s Pond and Island Pond gold properties in central Newfoundland.Paul’s Pond overlies 7.5 sq. km of the Ordovi…
eResearch looks at junior golds
In their inaugural Junior Gold Quarterly, mining analysts Bruce Reid and Don Poirier of Toronto-based Independent Equity Research (eResearch) have found good value in six North American gold juniors.T…
Inco celebrates centenary in the black (April 22, 2002)
Despite lower nickel prices and declining sales, Inco (N-T), which celebrates its 100th birthday this month, posted a profit of US$11 million for the first quarter. The figure marks a distinct improve…
Navigator comes up empty
Navigator Exploration (NVR-V) is disappointed by results from a short drilling program designed to test five high-priority geophysical pipe-like targets on the Crystal property in the Northwest Territ…
Partners extend B20 program (April 22, 2002)
Partners Appalaches Resources (APP-V) and Marum Resources (MMU-V) are extending their ongoing drill program at the B20 property, near Port Cartier, Que.So far, 13 holes (3,800 metres) have cut several…
Trading Summary (April 19, 2002)
The Toronto Stock Exchange ended the week on a high note gaining 81.49 points or 1% to hit 7,818.11. The pipelines…
Minotaur cuts more big grades
Vancouver – Junior Minotaur Resources has tabled more impressive results from the Prominent Hill prospect on the Mt…
Falconbridge beats the street
With increased production, lower costs and rebounding nickel prices, Falconbridge (FL-T) posted better-than-expecte…
Eldorado restates earnings (April 19, 2002)
Vancouver – The finding that a 1994 US$10 million convertible debenture should have been treated as a debt instrume…