Northern Miner Indices (March 11, 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…
News
Bema finances work at Monument Bay
Junior Bema Gold (BGO-T) has closed a brokered private placement of flow-through shares with Canaccord Capital and Haywood Securities with an eye toward resuming drilling at the high-grade Monument Ba…
Low zinc prices hamper Breakwater
A year of record-low zinc prices translated into a $111-million loss for Breakwater Resources (BWR-T). On a per-share basis, the loss works out to $1.20.By comparison, the company posted a loss of $8….
Orvana begins Don Mario development
It may have taken longer than expected, but Orvana Minerals (ORV-T) has entered the final stretch at the advanced Don Mario gold project in eastern Bolivia.Orvana bought the deposit in 1996 for $43 mi…
TSE Short Positions (March 11, 2002)
Short positions outstanding at February 28, 2002Larger individual positions include Agnico-Eagle 3,511,200 up 1,144,049; Alcan Inc. 1,284078 down 127696; Appalaches Res. 140456 up 140,456;…
Daily Metal Prices (March 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 5March 4March 1Feb. 28Feb. 27Aluminium1403/14…
Blow to TVX in Greece casts pall over market
The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….
Shear takes break in Alberta
Vancouver — Shear Minerals (SRM-V) has halted its Birch Mountain diamond exploration program in Alberta owing to the removal of winter road systems (for oil and gas companies) and a warming weather t…
Donner-Falco alliance expanded (March 11, 2002)
Vancouver — Having already teamed up to explore for nickel in the Voisey’s Bay area of Labrador, Donner Minerals (DML-V) and Falconbridge (FL-T) have agreed to a new deal aimed at exploring the proje…
Rhonda raises $1.8m for diamond exploration
Determined to explore a large land position in the heart of the Coronation diamond district in Nunavut, Rhonda (RDM-V) has raised $1.8 million in a public financing arranged through Canaccord Capital …
Slam bullish over Bathurst area project
Vancouver — A 6-hole drill program by Slam Exploration (sxl-v) has returned encouraging polymetallic values from the O’Hearn-Strachens massive sulphide property, near Bathurst, N.B.Five of the holes …
Dianor’s James Bay lamprophyres disappoint
Surface samples taken by Dianor Resources (DOR-V) from a lamprophyre dyke swarm on the Yasinski North claims in the James Bay region of northern Quebec have proved either barren or weakly diamondifero…