Manitoba unveils tax credit for investors
The Manitoba government has introduced a mineral exploration tax credit and renewed two other exploration programs for three years.The tax credit will provide a 10% non-refundable tax credit to person…
2002
Wolfden extends High Lake zones
Wolfden Resources (YWO-V) has begun a $2-million program of drilling and airborne geophysics at its High Lake volcanogenic massive sulphide property in Nunavut’s Bathurst Inlet.Hole 201, the first 40-…
‘Ineptitude’ closes Pas office
I recently attended the Mid-Canada Mining Corridor Conference in Flin Flon, Man., where I partook in excellent underground and surface tours. Looking around the Sportsplex, where the conference was he…
Semafo extends mineralization at Nyafe (June 03, 2002)
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Nyafe gold-bearing structure, on the Mana property in Burkina Faso, some 300 metres to the northeast.Selected results for…
SGS acquires Lakefield Research
Socit Gnrale de Surveillance (SGS Group), headquartered in Geneva, Switzerland, has acquired Ontario-based metallurgical consultant Lakefield Research for nearly $42 million.Lakefield, which has a…
Silver market sees changes
The silver market underwent considerable changes in supply, demand and prices in 2001, according to Silver Survey 2002, published by London-based CPM Group.Prices dropped 12.4% last year to an average…
Noranda, Falco swap execs
The integration of Noranda (NRD-T) and Falconbridge (FL-T) continues with the reshuffling of top-ranking officials.Earlier this year, Falco’s board of directors signalled its decision to allign itself…
Spot Prices Wed. May 29, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$352.20+$6.95Silver$ 4.91+$0.09Platinum$547.00+$…
LME Warehouse Levels (June 03, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 28 (change from May 21 in brackets):MetalStock (tonnes)ChangeAluminium1139925(-57…
Northern Miner Indices (June 03, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…
Gold Funds (June 03, 2002)
Gold Funds as at May 23, 2002DundeePrecious MetalsCentral FundNet Value$26.14$5.87Price…
MOST ACTIVE ISSUES, MAY 22-28
ExchgVol(000s)HighLowCloseChangeKinross GoldT403084.443.784.17+0.34…