Field trips highlight SEG conference
The Society of Economic Geologists (SEG) is planning six field trips in conjunction with its Global Exploration conference, slated for April 14-16, 2002, in Littleton, Colo.The trips will encompass:- …
2001
Gold founders in weak market
Denver — Falling consumer confidence kept a lid on financial markets, holding the Dow Jones industrial average to a 47.89-point (0.5%) gain during the report period ended Aug. 28 at 10,222.03, while …
Decline in oil and gas pulls down CDNX
Vancouver — Canada’s junior exchange lost ground over the week ended Aug. 28. Oil-and-gas-related issues led the way with a 3.7% plunge in the sector. The Canadian Venture Exchange composite index fe…
Rockinghorse yields large number of stones
Additional microdiamond results from the newly discovered Anuri pipe on Tahera’s (TAH-T) Rockinghorse property in Nunavut indicate that the kimberlite body is significantly diamondiferous.Six hundred …
GREATEST VALUE TRADED, AUGUST 22-28
ExchgVal($000s)HighLowCloseChangeAlcoa*N37317239.6537.3538.78+1.38…
More consolidation expected in gold sector
John Ing of Maison Placements Canada has long made the case that gold is an effective hedge against both a lower U.S. dollar and a weaker economy. For most of the past six years, however, the U.S. eco…
US Gold gains Mexican base metal property
Denver — After concentrating for years on the Tonkin Springs gold project in Nevada, U.S. Gold (USGL-O) is shifting its focus to a silver-lead-zinc property in Mexico.The company leased the 47-ha Zim…
Crown defaults on debentures (September 03, 2001)
Denver — Financially beleaguered Crown Resources (CRRS-O) says it will not be making its final, US$15.4-million payment, thereby defaulting on its 5.75% convertible subordinated debentures. The payme…
Namco hangs tough despite half-year loss
A disaster early in the year left Namibian Minerals (NMR-T) with US$25.1 million in losses on revenue of US$6.2 million for the half of 2001.Namibian’s loss, which translates into 40 per share, was b…
Hunt heats up in Quebec
Ashton Mining of Canada (ACA-T) is preparing to drill-test several targets this fall at its Otish Mountains joint-venture project in north-central Quebec.Ashton flew a geophysical survey over the Otis…
Falco plans suspension
The ongoing weakness in nickel markets, coupled with high oil prices, is forcing Falconbridge (FL-T) to suspend production at its 85%-owned nickel laterite mine in the Dominican Republic.The gates wil…
Rio Narcea slips back into red (September 03, 2001)
Unable to maintain the record-setting production rate attained in the first quarter, Rio Narcea Gold Mines (RNG-T) incurred a net loss of US$474,500 (or 0.07 per share) during the three months ended …