Apollo Gold successfully pursues listing
In Greek legend, Bellerophon offended the gods by trying to ride the winged horse Pegasus to heaven. More recently, anyone who tried to ride Pegasus Gold to profit incurred the wrath of the market.It …
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Gold price sparks renewed effort at Ivanhoe
Vancouver — The jump in the price of bullion has breathed new life into the Ivanhoe property in Nevada’s Carlin trend.Great Basin Gold (GBG-V) has been working the project since 1998, methodically ou…
Gold Canyon targets gallium in Humboldt Cty.
Vancouver — Gold Canyon Resources (GCU-V) has set its sights on the high-tech metal gallium at past-producing mercury mines in northwestern Nevada.Last year the company acquired the leasehold rights …
Echo Bay posts quarterly profit
Vancouver — Edmonton, Alta.-based Echo Bay Mines (ECO-T) has posted a first-quarter profit and retired US$100 million of its debt in a shares-for-debt arrangement.The company tabled net earnings of U…
Royal Standard active on four fronts
With working capital boosted to US$1.5 million via a recent US$1-million private placement, Reno-based Royal Standard Minerals (RSM-V) is readying its drills for an initial 3-hole program on its Ruby …
TSE Short Positions (June 10, 2002)
Short positions outstanding at May 31, 2002Larger individual positions includeAber Diamond 483,608 up 120,910; Agnico-Eagle 4,954,434 down 143,001; Alcan 970,984 down 248,043; Am…
American Gold Capital reactivates Talapoosa
A deal with Miramar Mining (MAE-T) has given American Gold Capital (AAU-V) ownership of the Talapoosa property in Lyon Cty., Nev., about 50 km east of Reno.The property, which consists of 155 claims a…
Benchmark slips as domestic turmoil erupts
Despite an eventful week domestically, the TSE/S&P index slipped just 92.56 points over the May 29-June 4 report period to finish 1.2% lower, at 7,568.02.On June 2, Finance Minister Paul Martin was re…
NJ Mining raises funds
A private placement will provide US$229,500 for a drill program at three northern Idaho projects operated by junior New Jersey Mining (NJMC-O).A 1,500-metre drilling campaign on the New Jersey mine, n…
News – 10-JUN-02
NAME CHANGES (June 10, 2002)
Independent Res. (IDN-V) has changed its name to ILOVETV Entertainment (TV-V) on a 1-new-for-1-old-share basis.
Canaccord gets cash infusion from Manulife
Vancouver-based Canaccord, whose subsidiary, Canaccord Capital, serves as a brokerage house for a number junior mining companies in Canada, has reached a deal to sell 20% of its outstanding shares to …