True North begins trading
Vancouver – Having completed a $1.2-million initial public offering, emerald explorer True North Gems (TGX-V) is lo…
News
Magnola late to bloom
Already well behind schedule, Noranda (NRD-T) has again revised the startup date for commercial production at its M…
Clouds rain red for Akrokeri-Ashanti
Unable to mine waterlogged, higher-grade material at its Bonte alluvial gold mine in Ghana, Akrokeri-Ashanti Gold M…
Bema arranges bought-deal financing
Bema Gold (BGO-T) has entered into a bought-deal financing with a syndicate of firms led by Canaccord Capital and Haywood Securities, worth an initial $5 million, with an option that could gross as mu…
Northern Miner Indices (November 25, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Hot holes for Canadian Royalties
Vancouver — Shares in Canadian Royalties (CZZ-V) have risen dramatically to a new 52-week high of $3.08 from under $1 only a few weeks ago. Wasting no time capitalizing on the increase, the company i…
NAME CHANGES (November 25, 2002)
Seine River (SRO-V) has changed its name to Trinity Plumas Capital (TPC-V) on a 1-new-for-20-old-share basis.Intertech Minerals (IML-V) has changed its name to Mantle Minerals…
North American Palladium overcomes mill problems
Despite an operational setback, North American Palladium (PDL-T) earned $2.9 million in the third quarter as revenue soared beyond $42.7 million.In early September, North American was forced to shut d…
Canadian Stock Exchange Indices (November 25, 2002)
DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13HighLowTSX Composite6423.656484.986547.426370.91…
Canico cuts new zone
Vancouver — An ongoing 11,000-metre drill program has uncovered a new zone of nickel laterite mineralization at the Ona-Puma project in northern Brazil.Canico Resource (CNI-V) intersected the zone i…
Daily Metal Prices (November 25, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13Al Alloy1305/130…
Etruscan, Mountain Lake celebrate mining foray
Ventersdorp, South Africa — What it lacks in size, this country’s newest alluvial diamond mine makes up for in quality and potential.Operator Etruscan Resources (EET-T) and minority partner Mountain …