Cumberland exercises warrants
Vancouver — Cumberland Resources (CBD-T) has exercised share purchase warrants originating from a $14.7-million financing in June 2002, raising $5.1 million in the process.As a result, Cumberland’s w…
News
Silver protects swimmers
Inadequate cleaning and safety procedures at public swimming pools could be exposing millions of people to harmful bacteria that cause diarrhea and other illnesses, according to a report by the U.S. g…
Exchange Rates (June 30, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 24June 23June 20June 19June 18US$ in C$1.36101.33921.35921.3…
Queenstake bankrolls Jerritt Canyon
Vancouver — A brokered private placement financing worth $21 million will allow Queenstake Resources (QRL-T) to acquire the Jerritt Canyon gold mine in Nevada’s Elko Cty.Regulators have yet to approv…
Eldorado takes Kisladag to the bank
Usak, Turkey — Once a curious anomaly, Kisladag has grown into a major deposit that promises to propel Eldorado Gold (ELD-T) to the rank of mid-tier producer by 2005.Situated a short drive from this …
Yamana eyes Brazilian gold production (June 30, 2003)
Vancouver — Looking to become a 100,000-oz.-per-year producer, Spokane-based Yamana Resources (YRI-T) has agreed to pay US$20.9 million for Fazenda Brasileiro, the only gold mine of Companhia Vale do…
Ashton, Soquem aim to expand Renard
As the results of mini-bulk samples collected this past winter from the Renard kimberlite cluster in north-central Quebec begin to trickle in, Ashton Mining of Canada (ACA-T) is assessing the potentia…
Miramar doubles down at Suluk (June 30, 2003)
Vancouver — Miramar Mining (MAE-T) has doubled the depth of gold mineralization at the Suluk zone, part of the Hope Bay project in Nunavut.Twenty drill holes tested the zone, the most encouraging bei…
Editorial Cartoon (June 30, 2003)
Bill 198 brings brawn to Act
There is little doubt that the crisis in confidence that has roiled U.S. markets in the wake of Enron, WorldCom, Global Crossing and other failures has spilled across the border into Canada. U.S. gove…
Laurentian to offer PhD
Laurentian University in Sudbury, Ont., will offer students a PhD program in mineral deposits and Precambrian geology. The new program is the first doctorate degree offered there.The Department of Ear…
Shutting down the conversation
If metal miners think anti-mining groups are giving them a rough ride these days, they should have a talk with their brothers in the coal business. The latest bright idea from the pressure groups is f…