TSX reviewing Crystallex
Changes to accounting practices at Crystallex International (KRY-T) have obliged the company to restate its earnings for three quarters in 2002.The restatements became necessary because of changes to …
News
Freeport-McMoRan sweetens redemption price
A tepid reception has prompted Freeport-McMoRan Copper & Gold (FCX-N) to spruce up an offer for early redemption of its 7.5% senior notes due in 2006.The major is now offering US$1,030 per US$1,000 pr…
RJK cuts gold at Wedge (April 14, 2003)
The first hole drilled by RJK Explorations (RJX.A-V) on its Wedge property, near Shebandowan, Ont., has intersected significant gold mineralization.The hole was testing the Creek zone, where grab samp…
Soquem inks joint ventures with Quinto Technology
Vancouver — Quinto Technology (QU-V) has signed an agreement with provincially owned Soquem to establish two 50-50 joint ventures in the Lac Gueret area of Quebec.Soquem recently performed an airborn…
Cameco trying to fix water problems at MacArthur; Jerritt
Operations at Cameco’s (cco-t) MacArthur River uranium mine in northern Saskatchewan were suspended on April 6 after water infiltration in a development drift overburdened the mine’s pumping system.Ca…
Correction (April 14, 2003)
In 2001, Australian consulting firm GRD Minproc — not Canada’s SNC Lavalin (SNC-T) — prepared two definitive feasibility studies of the Rosia Montana gold-silver project in Romania. The project is h…
One editorial too far
For a long time I have just overlooked The Northern Miner’s page 4 editorial. It tends not to reflect my own political philosophy, but that is not why I subscribe to The Miner, so it never bothered me…
US golds take hit as price falls
A steep dip in the price of gold pushed U.S. gold producers lower over the April 2-8 report period. The yellow metal was fixed at US$324.10 per oz. on the morning of April 9, for a loss of $6.15 on th…
IMA ups allotment in financing
Vancouver — Investor demand has prompted IMA Exploration (IMR-V) to increase both the allotment size and price of its latest financing.The original, $1.2 million non-brokered private placement consis…
Letter to the editor: U.S. reader assails Chretien
If Canada desires to follow a narrow-minded, provincial Quebecois as its leader, so be it. You make your bed, . . .In the future, I hope other Americans remember Canada’s spinelessness. Actually it is…
New Macassa discovery shapes up
Follow-up underground drilling has extended the newly discovered D zone at the Macassa mine, west of Kirkland Lake, Ont.Kirkland Lake Gold (kgi-t) sunk six stepout holes on 15-to-30-metre centres from…
Two upstarts challenge the coal giants
Last year’s deals between Fording Coal, Sherritt International (s-t), the Ontario Teachers’ Pension Plan, and Teck Cominco (tek-t) neatly divided the world of Canadian coal production; thermal coal as…