Reed to speak at Ontario Club
Geophysical consultant Laurie Reed will discuss the Selbaie mine at a meeting of the Toronto Geological Discussion Group Oct. 22 at the Ontario Club in Toronto.The mine, situated near Villebois in nor…
News
LME Warehouse Levels (October 07, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 1 (change from Sept. 24 in brackets):MetalStock (tonnes)ChangeAluminium1290050(-…
Royal Gold expands royalty stable Eveolution
Denver-based royalty company Royal Gold (RGL-T) has agreed to take a 93% interest in High Desert Mineral Resources (HDR-V) in return for 1.4 million of its own shares or US$24 million in cash, or a ca…
Local group wins fight against Cogema
A small group consisting of Mennonites and members of First Nations has won its battle to nullify the operating licence of Cogema Resources’ McClean Lake uranium mine in northern Saskatchewan. The fut…
GREATEST VALUE TRADED, SEPT. 25-OCT. 1
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N55367429.2526.3926.88-2.56…
Canadian Stock Exchange Indices (October 07, 2002)
DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25HighLowTSX Composite6218.616180.426111.116179.426165…
Tichegami yields one stone
A second kimberlitic find on the Tichegami property in the Otish Mountains region of Quebec has returned only one microdiamond from 23.1 kg of tested material. The project is shared by Pure Gold Miner…
Noranda dismounts Caballo Blanco (October 07, 2002)
Noranda (NRD-T) has dropped its option to earn a 75% stake in Almaden Minerals’ (AMM-T) Caballo Blanco property in eastern Mexico, near Veracruz.To earn its interest, the major had agreed to complete …
Porgera’s problems persist
Placer Dome (PDG-T) expects its half-interest in the Porgera mine in Papua New Guinea to generate a third-quarter loss of US$7 million, owing to power interruptions.Vandals have damaged more power pol…
Junior market continues to slide
Vancouver — A battle between reluctant sellers and stingy buyers forced the bid-ask spread on individual stocks to widen to levels not seen in more than a year during the report period ended Oct. 1. …
Afri-Can tops up Block J stake (October 07, 2002)
With a final payment of $125,000 to its Australian partner, Woduna Mining Holding, Afri-Can Marine Minerals (AFA-V) has boosted to 70% its interest in the Block J marine diamond concession, 105 km nor…
Trading Summary (October 04, 2002)
The golds, up 1.92 points or more than 1% at 181.2, were alone in the black by the end of trading on Friday. Most o…