Cumberland tables $3.9m for Meadowbank
Vancouver — With the latest drilling increasing the gold resources at the Meadowbank property in Nunavut, Cumberland Resources (CBD-T) has decided to accelerate exploration activities.The wholly owne…
News
Daily Metal Prices (July 01, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 25June 24June 21June 20June 19Aluminium1325/13…
US miners steady
During the period ended June 25, mining stocks proved to be an oasis of calm amid continuing turmoil in the broader U.S. equity markets, which re-tested post-911 lows.With gold prices continuing to fi…
Placer Dome stumbles as Aussie takeover target hits back
In a repeat performance, the Toronto Stock Exchange S&P/TSX composite index plummetted 206.74 points over the June 19-26 report period to finish at 7,120.80. The index had lost 71.29 points in the pre…
Red Lake gold plays attract interest
Vancouver — Despite a strong showing in gold-related stocks, Canada’s junior exchange drifted lower over the report period ended June 25. The Canadian Venture Exchange composite index dropped 7.21 po…
MOST ACTIVE ISSUES, JUNE 19-25
ExchgVol(000s)HighLowCloseChangeKinross GoldT348793.963.273.70+0.38…
IMA gains ground in southern Argentina
Vancouver — IMA Exploration (IMR-V) has acquired the 127-sq.-km Victoria claim package, which is contiguous with the company’s Bayas property in southern Argentina’s Chubut province.The new property …
Rubicon boosts Red Lake gold portfolio (July 01, 2002)
Vancouver — Junior Rubicon Minerals (RMX-V) has inked a deal with a two private companies to acquire the McFinley Mine gold project in the prolific Red Lake camp of northwestern Ontario.The company m…
Trading Summary (June 28, 2002)
The Toronto Stock Exchange’s gold index shrank by 5.68 points to end the week at 188.53 points on Friday. Not surpr…
Ashanti scraps note restructuring (June 28, 2002)
Thanks to a US$75-million last-minute injection from 32%-owner Lonmin, Ashanti Goldfields (ASL-N) has scrapped a pr…
High River boosts Taparko stake (June 28, 2002)
High River Gold Mines (HRG-T) has exercised its option and picked up another 18.5% interest in the advanced Taparko…
Holmer confirms Timmins mineralization (June 28, 2002)
The first eight holes of an ongoing drill program have confirmed previous results at the Timmins gold project of Ho…