The Northern Miner — North American Mining Index (March 18, 2002)
80.49 (+1.50)(Sept. 30/98 = 100)…
News
The Northern Miner — Small Producers Index (March 18, 2002)
73.52 (+1.08)(Sept. 30/98 = 100)…
Gold Funds (March 18, 2002)
Gold Funds as of March 7 2002Dundee Precious MetalsCentral FundNet Value$18.12$5.62Price$13.40$5.76…
BHP options Alberta diamond project
After staking a 7,200-sq.-km land package in northern Alberta last year, the Canadian diamond division of BHP Billiton (BHP-N) has acquired an option on two key properties held by Buffalo Diamonds (YB…
Anglo active at Boyongan (March 18, 2002)
Vancouver — Drilling at the Boyongan copper-gold prospect in the Philippines has returned impressive values for partners Anglo American (AAUK-Q) and Philex Gold (PGI-V).Hole 35 was drilled 80 metres …
THI staves off extinction
Junior Trans Hex International (THI-V) has signed a letter of intent with its South African-based parent, Trans Hex Group (THG), in an attempt to settle its books.Under the plan, THG, which mines allu…
Resource stocks rise with the rest of market
The bulls charged ahead during the March 6-12 report period, pushing the Toronto Stock Exchange 300 index up 280.02 points to 7,866.14. Even the precious metals and base metals sub-groups were up over…
Ivanhoe continues Mongolian shopping spree (March 18, 2002)
Spurred on by encouraging results at the Turquoise Hill copper-gold project, Ivanhoe Mines (IVN-T) has inked two deals to add to its expanding stable of exploration projects in southern Mongolia.Under…
Inca Pacific tables resource for Magistral
Vancouver — Inca Pacific Resources (IP-V) and partner Anaconda Peru have tabled an updated mineral resource for the Magistral copper-molybdenum-silver project.The new resource weighs in at 105 millio…
South Africa produces less gold (March 18, 2002)
South Africa’s gold output tumbled in 2001 but is now stabilizing, according to that country’s Chamber of Mines.Production slipped to 393,254 kg, from 427,981 kg in 2000 — the lowest level since 1953…
Eldorado pays down debt (March 18, 2002)
Vancouver — With its debt now under control, Eldorado Gold (ELD-T) intends to develop its assets in Brazil and Turkey.Since the completion of its special warrant financing worth $23.5 million, Eldora…
OMET benefits R&D companies
Five research and development projects will be the first to receive funding under the Ontario Mineral Exploration Technologies (OMET) program.The $8-million program is designed to assist projects that…