Anglo extends Boyongan
Vancouver — Delineation drilling on the Boyongan prospect in the Philippines continues to churn out impressive copper-gold values.Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) have six rig…
News
Daily Metal Prices (October 28, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16Al Alloy1250/126…
Correction (October 28, 2002)
Our story “Friedland leading the charge in the land of Genghis Khan” (T.N.M., Sept. 23/02) incorrectly stated that QGX (QGX-V) held a 10% carried interest in the Turquoise Ridges (Ovoot) and Shuteen p…
Fording morphs to foil takeover
Rather than submit to a $1.5-billion takeover bid by the Sherritt Coal Partnership II or attempt to lure competing bids, Fording (FDG-T) has announced plans to reorganize itself into an income trust.O…
Canico proves up Brazilian target
Vancouver — Initial results from an ongoing 11,000-metre drill program have enhanced the economic potential of the Ona-Puma nickel laterite project in northern Brazil.Canico Resource (CNI-V) tabled …
PFN coasts on River Valley
A fifth phase of drilling has doubled the size of the River Valley palladium deposit in northern Ontario, reports Pacific North West Capital (PFN-T).Combined measured and indicated resources now stand…
OM whacked by UN report
Shares in Cleveland-based cobalt refiner OM Group crashed to a three-and-a-half-year low during the report period following its mention in a UN Security Council report on illegal mining activity in th…
NAME CHANGES (October 28, 2002)
Verdstone Gold (VGC-V) has changed its name to Goldrea Resources (GOR-V) on a 1-new-for-10-old-share basis.Maya Gold (MAY-V) has changed its name to Centram Exploration (CAN-V) on a 1-new-for-5-old-sh…
GREATEST VALUE TRADED, OCTOBER 16-22
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N42815825.0022.6025.00+1.90…
Meridian falls slightly in Q3 (October 28, 2002)
Reno, Nev.-based Meridian Gold (MDG-T) has chalked up another profitable quarter, pocketing US$9.2 million for the three months ended Sept. 30 as revenue soared to US$33.6 million.The US10-per-share …
Apex drops Atna’s Chanarcillo property (October 28, 2002)
Vancouver — Apex Silver Mines (SIL-A) will cease exploration of Atna Resources’ (ATN-T) Chanarcillo silver property in Chile.The decision follows the release, by Atna, of drill results from a 19-hole…
King Eider kimberlite proves complex
Eager to get a better handle on the diamond distribution of the known King Eider kimberlite on Victoria Island, partners Diamonds North Resources (DDN-V) and Canabrava Diamond (CNB-V) have drilled two…