Bullmoose slashes workforce
Vancouver — The Bullmoose coal mine in northeastern British Columbia is reducing its workforce as the deposit nears depletion.Forty-three employees were recently laid off, reducing the total workforc…
News
Mountain Province soars on release of diamond counts
Spooked by more dreary economic figures down south, sellers outpaced buyers here at home to leave the broad market 201.79 points behind. The Toronto Stock Exchange Composite Index finished the holiday…
Mongolia makes pitch to investors
Mongolia has introduced measures aimed at encouraging development of its mineral resources.The government will double its existing budget for geologically mapping the entire country at a scale of 1:20…
Western markets remain sluggish
Vancouver — Canada’s junior bourse edged up slightly over the holiday-shortened trading week ended Sept 3. The TSX Venture Exchange composite index added 0.73 of a point, or 0.07% of its value, to cl…
Claude, Placer strike gold in Red Lake
Echoing the exploration success of their rival, Goldcorp (G-T), partners Placer Dome (PDG-T) and Claude Resources (CRJ-T) have discovered a high-grade gold system in the Red Lake camp of northw…
Expats gunned down near Grasberg
An ambush along a road near Freeport-McMoRan Copper & Gold’s (FCX-N) Grasberg mine in Indonesia’s Papua province has left three dead.A band of about 15 people armed with M-16 automatic weapons and a r…
Partners table Platosa resource estimate
Excellon Resources (EXN-V) and Apex Silver Mines (SIL-X) have tabled a mineral resource estimate for their jointly held Platosa property, near Bermejillo, Mexico.Completed by Roscoe Postle Associates …
Akrokeri-Ashanti in the red
Delays in getting the new Knelson concentrators and cyclone recovery equipment online contributed to a quarterly loss for Akrokeri-Ashanti Gold Mines (YAG-V).During the three months ended June 30, the…
Crystallex production falls in South America
Vancouver — Lower gold grades from its Venezuela operations hurt the bottom line of Crystallex International (KRY-T) in the second quarter of 2002.The junior posted a loss of $3.2 million (or 4 per …
Trading Summary (September 06, 2002)
Profit taking late in the day helped the Toronto Stock Exchange end 5.19 points lower at 6,479.75 on Friday. Invest…
Pan Am, Corner Bay shareholders voice approval
Pan American Silver (PAA-T) shareholders have voted overwhelmingly in favour of the company’s proposed merger with…
5034 pipe yields more larger stones
Among the 1,215 carats of diamond De Beers Canada Exploration recently reported from the 2002 bulk sample of the we…