Escondida sees short fall
Vancouver — Between March 2001 and March 2002, copper output from Chile’s Escondida mine fell 24%, to 58,602 tonnes. Some 45,841 tonnes of concentrates and 12,761 tonnes of cathodes were produced las…
News
BHP Billiton comes up empty at Royce
Using its proprietary Falcon airborne gravity system to pinpoint potential kimberlite targets on the Royce Group of claims in the Northwest Territories, BHP Billiton (BHP-N) failed to intersect kimber…
TSE up on recovery news
The Toronto Stock Exchange moved higher over the report period April 10-16, on news of improving economic fundamentals. Even a quarter-point rate hike by the Bank of Canada on the final day didn’t sto…
Canadian Royalties and Ungava Minerals battle over ground
Vancouver — The inclusion of a key piece of ground in the Phoenix nickel-copper-platinum-palladium property in northern Quebec has created a rift between Ungava Minerals (UNGV-C) and Canadian Royalti…
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
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…
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…