Dumont nixes work at Attawapiskat
Dumont Nickel (DNI-V) has suspended exploration drilling on its 235-sq.-km land package in the Attawapiskat region of northern Ontario after failing to encounter any kimberlite in the first two target…
2002
Voisey’s deal, 3-way merger highlight trading
The report period ended June 11 was a blockbuster, with two major corporate developments taking place in the Canadian mining sector.In the first, after almost six years of haggling and weeks of substa…
Manitoba kimberlites prove elusive
Vancouver — A 1999 report by the Manitoba Geological Survey which showed that the province is geologically prospective for hosting diamond occurrences sparked a staking rush in the Superior craton. H…
New bedrock exposures expand Wawa diamond play
Diamond exploration in Ontario has had several false starts since speculation about the origin of gems in glacial drift south of the Great Lakes led explorers to the province more than a century ago.L…
Diamond Fields posts earnings (June 17, 2002)
During the quarter ended March 31, Diamond Fields International (DFI-T) reported net income for the first time.The company earned $69,912 for the 3-month period, compared with a net loss of $1.1 milli…
Lending Rates (June 17, 2002)
as of 4 pm ET, June 11, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.03LIBOR US$ 1-year2.51Gold lease 3-month0.39Gold leas…
Gold bulls bank profits
Vancouver — Canada’s junior exchange lost ground over the report period ended June 11 as investors took profits in junior gold stocks and found renewed interest in diamond explorers. The Standard & P…
Canadian Stock Exchange Indices (June 17, 2002)
DateJune 11June 10June 7June 6June 5HighLowTSX Composite7398.837460.717478.577498.857547.93…
Juniors expand South African diamond play
Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have inked letters of intent to acquire three more alluvial diamond properties in the Ventersdorp district of South Africa.The f…
Inco, Newfoundland reach Voisey’s deal
Nickel producer Inco (N-T) and the government of Newfoundland and Labrador have reached an agreement under which Inco will get a mining lease for the Voisey’s Bay nickel project in Labrador.The deal, …
Mineral output climbs
The value of production for the Canadian mineral industry, excluding oil and gas but including coal, increased to $19.84 billion in 2000, up $1.13 billion, or 6.7%, from 1999.Metal mining accounted fo…
Gold majors sink as bullion retreats
As gold slipped back below US$320 per oz., the major U.S.-listed gold companies all saw steep selloffs during the period ended June 11: Newmont Mining plummeted $2.56 to US$29; AngloGold fell back $3….