Xenolix to buy back shares
An agreed settlement in an administrative action by the Arizona Corporations Commission will require precious-metal “nanotechnology” company Xenolix Technologies (xtci-o) to buy back shares from some …
News
Newmont drops RDN (December 31, 2001)
Vancouver — Disappointing results from a second round of drilling on the RDN gold-silver property in northern British Columbia have prompted Newmont Mining (NEM-N) to stop its work program.The proper…
More funding for OPA
The Ontario government will provide more than $3 million, through the Northern Ontario Heritage Fund Corporation (NOHFC), to finish restructuring the Ontario Prospectors Association (OPA).In November …
Spot Prices Wed. December 12, 2001 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20…
Pundits predict recovery in 2002
Vancouver — 2001 will not go down as a banner year for the global economy. Exactly when we entered the first recession in 10 years seems not to be an issue, but when we start to come out of it is.Mos…
Northgate financing will advance Kemess North project
Vancouver — Northgate Exploration (NGX-T) is attempting to raise $140 million through equity financing and recapitalization. A portion of the funds would be applied to the Kemess North project in nor…
Can things get better? The view from the trough
The year 2001 may go down as the year we were paid back for the financial excesses of the 1990s.Recession is biting the North American economies, Continental Europe is feeling the first nibbles, and t…
Books uncover the dark underbelly of the diamond world
BOOK REVIEWS/VIRGINIA HEFFERNANDiamond: A Journey to the Heart of an ObsessionBefore Canadian juniors burst on to the scene a decade ago, the world of diamonds was cloaked in secrecy. The dis…
Yukon extends tax credit
The Yukon government has extended its mineral exploration tax credit by one year to April 1, 2003. The announcement was made at the Yukon Geoscience Forum in Whitehorse.The credit is a refundable corp…
PEOPLE (December 31, 2001)
AMT International — Karine Simoes and Dora Santschi appointed directors.Boulder — Nelson Baker appointed vice-president exploration and John Magee appointed vp corporate development.Crew Developm…
Canadian Stock Exchange Indices (December 31, 2001)
— 52-week –DateDec. 25Dec. 24Dec. 21Dec. 20Dec. 19High…
Sulliden’s drills stall at Mario (December 31, 2001)
Nearly out of cash, Sulliden Exploration (sue-t) has suspended a 3,500-metre drilling campaign on the Mario base metal property, 50 km southwest of Huancayo, Peru.Sullivan had drilled about 1,553 metr…