South-Malartic boosts resource at Croinor (March 04, 2002)
Junior gold explorer South-Malartic Exploration (MSU-V) has once again raised the resource estimate for its Croinor…
2002
Codelco opts out of Disputada bid (March 04, 2002)
Vancouver — With copper miners eyeing further production cuts, Corporacion Nacional del Cobre de Chile (Codelco) h…
Anaconda squeezes Sherritt’s earnings (March 04, 2002)
A $23.4-million, fourth-quarter writedown related to its stake in problem-plagued Aussie nickel miner Anaconda Nick…
Patrician stakes land in N.W.T
Patrician Consolidated Gold Mines (PXC-V) has staked the 268-sq.-km Blackwater Lake property 550 km northwest of Ye…
Fort Knox, Dynatec launch $14m program
Vancouver — Fort Knox Gold Resources (fnx-t) and Dynatec (DY-T) have inked a joint-venture agreement to explore, develop and potentially mine five nickel-copper properties in the Sudbury district of …
Northern Miner Indices (March 04, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Minin…
Daily Metal Prices (March 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20Aluminium1366.50…
Canadian Stock Exchange Indices (March 04, 2002)
DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20HighLowTSE 3007567.477512.467426.647418.147431.79…
Hushovd’s exit fuels speculation over Falco’s future
The biggest surprise of the Feb. 20-26 report period was the sudden departure of long-time Falconbridge president and CEO Oyvind Hushovd, which apparently was related to a conflict with the management…
CDNX slides further into bear country (March 04, 2002)
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 26. The Standard & Poor’s-CDNX composite index dropped 11.3 points, or 1%, to close at 1105.65.Madison Enterprises was the we…
Tiberon tallies more tungsten (March 04, 2002)
Vancouver — The latest drill results from the Nui Phao tungsten property in Vietnam continue to show favourable grades.Tiberon Minerals (TBR-V) reports that the best results include the following:- h…
Richmont edges into black (March 04, 2002)
Despite a $4.2-million writedown on its Nugget Pond mine in Newfoundland and a $1-million provision for site restoration in the second quarter, Richmont Mines (RIC-T) dramatically reversed course in 2…