Aussie gold output down
The Australian Bureau of Agriculture and Resources projects that gold production in that country for the year ended June 30, 2002, will be 288 tonnes (9.2 million oz.), versus a previous forecast of 2…
News
Alamos steps up work at Mulatos
Vancouver — Determined to define additional high-grade mineralization, Alamos Minerals (AAS-V) has launched a drill program at the Estrella pit of the Mulatos deposit in northwestern Mexico.The Estre…
December a time for bargains: Boulder Investment
Year-end tax-loss selling may be less of an issue in 2001 than in previous years, but Boulder Investment Partners analyst Dorothy Atkinson still considers December a great month to buy shares in Canad…
Execs adjust holdings with change in season
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Asia Pacific Resources (APQ-T) — John Darch, director, indirectly and pri…
Goldcorp finds more Red Lake nuggets
Goldcorp (G-T) has turned up more jewelry-box grades at the Red Lake mine in northwestern Ontario.Deep hole 860DW cut 4.9 metres grading an impressive 474 grams gold per tonne. The exploratory hole wa…
Noranda-Virginia JV targets Quebec
Virginia Gold Mines (VIA-T) and Noranda (NRD-T) have signed an agreement to conduct geoscientific work in the north of Quebec.The deal saw Noranda subscribe to a private placement of 333,333 shares of…
Anglo ups stake in Boyongan
Vancouver — Saddled with a US$14-million debt on its soon-to-be- closed Bulawan mine, Philex Gold (PGI-V) has inked a deal to sell a 10% equity stake in the promising Boyongan copper-gold project and…
Too much red tape
With reference to your editorial “Penny Wise, pound foolish” (T.N.M., Dec. 3-9/01), I imagine our government might cite the decline in mineral exploration in British Columbia during recent years as an…
Algoma workers to vote on new deal
Almost 4,000 union members at Algoma Steel in Sault Ste. Marie, Ont., were expected to vote on Dec. 21 on a 32-month contract that would avoid layoffs and protect pensions yet reduce wages by an avera…
Blackstone gains Ursus diamond property
Vancouver — Blackstone Ventures (BLV-V) has inked a deal with the numbered company 4763 NWT to acquire the Ursus diamond property in the Coronation Gulf area of Nunavut.The 46-sq.-km property is 45 k…
Stillwater revises facility
Vancouver — Armed with a revised operating plan, North America’s largest producer of platinum and palladium has renegotiated its US$250-million credit facility.Stillwater Mining (SWC-N), which has al…
Poplar confirms grades at Central zone (December 24, 2001)
Vancouver — Poplar Resources (PPX-V) has hit multiple intervals of low-grade copper-platinum-palladium-gold mineralization at the Bottenbacken project in central Sweden.Encouraged by 1980 drill resul…