Exchange Rates (April 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 16April 15April 12April 11April 10US$ in C$1.57981.58921.5878…
News
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…
Light volume keeps CDNX idle
Vancouver — Canada’s junior exchange failed to follow the major bourses higher, with volume remaining on the light side. The Standard & Poor’s-CDNX composite index lost 6.94 points, or 0.6%, and clos…
Minefinders ups Dolores resource (April 22, 2002)
With thousands of new assays in hand, Minefinders (MFL-T) has increased the size of its Dolores silver-gold deposit in Mexico’s Chihuahua state.Resources now stand at 78.14 million tonnes averaging 58…
The E3 manual
The project known as E3 (Environmental Excellence in Exploration), which is designed to ensure access to public lands through improved education and environmental management practices, is turning its …
Excellon parts with portion of Platosa JV
Vancouver-based Excellon Resources (EXN-V) has decided to part with a third of its stake in a joint venture with Apex Silver Mines (SIL-X) for just less than $1.3 million.Excellon is earning a 51% int…
Cornerstone explores central Nfld
Junior Cornerstone Capital Resources (CTP-V) is gearing up to renew exploration at its Paul’s Pond and Island Pond gold properties in central Newfoundland.Paul’s Pond overlies 7.5 sq. km of the Ordovi…
European Goldfields drills Sacaramb (April 22, 2002)
European Goldfields (EGU-V) has begun drill-testing the Sacaramb target, near the company’s 80%-owned Certej project in Romania. The program will consist of six holes, or 1,800 metres.Angled holes, sp…
PacMin drill-tests JBS property in China
Vancouver — Pacific Minerals (PMZ-V) has launched a 2,500-metre program of underground drilling on its JBS nickel-copper-platinum-palladium property in southwestern China.Based on government resource…
Northern Miner Indices (April 22, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Calgary forum looks at Athabasca deposits
The annual Calgary Mining Forum will be held April 24-25 at that city’s Ramada Downtown Hotel. The event will include technical sessions on exploration for diamonds in western Canada and on genetic an…
Trading Summary (April 19, 2002)
The Toronto Stock Exchange ended the week on a high note gaining 81.49 points or 1% to hit 7,818.11. The pipelines…