Drills turn at Poste Lemoyne (August 13, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TWG Corp. (GWC-V) have begun a 19-hole drilling campaign on their Po…
2002
Boundary battle heads to arbitration
After a failed takeover attempt, Canadian Royalties (CZZ-V) is headed to arbitration with Ungava Minerals (UNGV-CUB…
Knife fight headed to court
Failing to come to an agreement at the 10-sq.-km Knife project in the north Slave Craton region of Nunavut, De Beer…
$5.2 m set for Fort la Corne
Based on the interim results from the 2001 evaluation program, the partners of the 225-sq.-km Fort la Corne joint…
Trading Summary (August 12, 2002)
Toronto stocks opened the week lower and stayed there on Monday as profit-takers lived up to their name. The golds…
St. Jude cuts bonanza grade at South Benso (August 12, 2002)
Vancouver — St. Jude Resources (SJD-V) and Montreal-based Fairstar Explorations (FFR-T) have cut bonanza-grade drill intersections at their jointly held South Benso concession in Ghana, West Africa.D…
Arctic resources snowball (August 12, 2002)
Drilling by South Africa’s Gold Fields (gfi-n) and Finnish-based Outokumpu has boosted the resource estimate at the partners’ Arctic Platinum Partnership project in northern Finland.Based on an additi…
Newmont rises with strong quarter
Newmont Mining turned in its first quarterly report since its mega-merger with Franco-Nevada Mining and Normandy Mining, and the results augur well for the company’s future. The company, now the world…
Golds bounce back, market looks slack
Despite some hundred-point days, the Toronto Stock Exchange moved sideways during the report period July 31-Aug. 6, with the TSX Composite index closing at 6,519.16, up a meagre 7.98 points over the f…
Daily Metal Prices (August 12, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAugust 6August 5August 2August 1July 31Al Alloy1290…
Gold Funds (August 12, 2002)
Gold Funds as of August 6, 2002Dundee Precious MetalsCentral FundNet Valuen.a.$5.81Pricen.a.$6.55…
China using more nickel
Nickel has shown remarkable resilience during the previous three years of world economic slowdown and recession, buoyed mostly by increased stainless steel production in China, according to the Econom…