Gold Hawk to test Machacala Aurora
Gold Hawk Resources (CGK-M) has raised $216,000 by privately placing 1 million shares priced at 20 apiece with nine investors. Each share includes a warrant entitling the holder to buy another share …
News
Golds evade Toronto stock slide
The Toronto gold stocks were higher over the report period Aug. 8-14, picking up substantial gains as the rest of the market declined. The Toronto Stock Exchange’s TSE 300 composite index was down 166…
EXCHANGE RATES (August 20, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 31July 30July 27July 26July 25US$ in C$…
Western market loses ground
Vancouver — Canada’s junior exchange posted losses on all indices during the report period ended Aug. 14. The Canadian Venture Exchange composite index lost 17.65 points, or 0.6%, to close at 3,080.6…
Akrokeri weathers shortfall
Heavy rains at its 85%-owned Bonte mine in Ghana caused a production shortfall for Akrokeri-Ashanti Gold Mines (YAG-V) in the second quarter.Production at the alluvial gold operation slowed to 17,512 …
General Minerals drops Escalones (August 20, 2001)
Vancouver — Denver-based General Minerals (GNM-T) has decided to drop the promising Escalones copper skarn project in Chile, where a large lease payment was due this month.The company failed to find …
Gabriel tables study for Rosia Montana
Gabriel Resources (GBU-T) has announced the completion of a feasibility study of its 80%-owned Rosia Montana gold project in Romania. The study focuses on the potential for developing a large-scale op…
WMC eyes nickel-copper project
Australia’s WMC (WMC-N) is aggressively exploring its Quebec 7 project, situated about 300 km north of Schefferville.An extensive airborne electromagnetic geophysical survey of some 16,000 line km has…
Northern Miner Indices (August 20, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Canadian Stock Exchange Indices (August 20, 2001)
DateAugust 14August 13August 10August 9August 8HighLowTSE 3007605.527632.707644.727695.26…
Aurora busy in Ontario, Quebec
Vancouver — Junior Aurora Platinum (ARP-V) is exploring seven projects in Ontario and Quebec, while, at the same time, seeking partnerships with major companies.At its Foy project, near Sudbury, Ont….
EPA needs more than soul-searching
It is not possible to please all of the people all of the time, and if the wildly divergent comments received during a recent online discussion are any indication, the U.S. Environmental Protection Ag…