Halls, Balint address discussion group
Henry Halls, a University of Toronto professor and authority on the Lake Superior Basin, will address the Toronto Geological Discussion Group on April 16.Halls will examine paleomagnetism, dyke swarms…
News
New shaft at Kidd Creek
Falconbridge has hired Cementation Skanska to sink the No. 4 shaft at its Kidd Creek mine, near Timmins, Ont.Kidd Creek is already North America’s deepest operating mine. The new shaft will extend mor…
Compensation for displaced miners
An announcement by Dan Newman, Ontario Minister of Northern Development and Mines, has broken previous written commitments made by the Ontario government to the exploration and mining sector. The gove…
Newmont joins
Newmont Mining (NEM-N) has agreed to acquire up to a 75% stake in Wolfden Resources’ (YWO-V) Skinner gold property in Ontario’s Red Lake mining district.Newmont can initially earn a 65% interest in th…
GREATEST VALUE TRADED, APRIL 3 – APRIL 9
ExchgVal($000s)HighLowCloseChangeAlcoa*N62718438.1536.0537.38-0.53…
Cacamuya back on First Point’s radar screen (April 15, 2002)
Vancouver — Early signs of a potential gold rally have prompted First Point Minerals (FPX-V) to shift its focus from platinum-palladium exploration in Ontario back to the Cacamuya epithermal project …
Northern Miner Indices (April 15, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…
CDNX slumps on low volume
Vancouver — The trading volume of Canada’s junior exchange fell to levels not seen since January during the report period ended April 9, as investors found little reason to buy stocks. The Standard &…
Daily Metal Prices (April 15, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 9April 8April 5April 4April 3Aluminium1353.50…
Exchange Rates (April 15, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 9April 8April 5April 4April 3US$ in C$1.59681.59411.59…
Canadian Stock Exchange Indices (April 15, 2002)
DateApril 9April 8April 5April 4April 3HighLowTSE 3007722.117747.557782.117784.527842.32…
Majors suffer as gold drops below US$300
After holding above US$300 per oz. for more than two weeks, the price of gold crashed down through that psychological barrier to end the April 3-9 period down US$6.25 to US$298.70.As a consequence, Ca…