GREATEST VALUE TRADED, MAY 29-JUNE 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N71024532.6230.5131.56-0.41…
News
Canada helps Tunisia develop mineral wealth
Natural Resources Canada will help the government of Tunisia manage its digital geographical data.The cost of project is estimated at $4.3 million and will be funded by the Canadian International Deve…
The Northern Miner — North American Mining Index (June 10, 2002)
91.37 (-1.06)(Sept. 30/98 = 100)…
Summo advances restructuring
Denver-based junior Summo Minerals (SMA-T) has already made great strides in its restructuring plan, first announced in early April 2002.The company has converted its debt, totalling roughly C$19 mill…
Malthusian sustainability
Are the authors of “Sustainable development, Part 1” (T.N.M., June 3/02) really ignorant of the most basic “sustainability” activity of all for the human race? Mining provides the raw materials to bui…
SouthernEra eyes $36m for deeper shaft
A bought deal with a syndicate led by National Bank Financial and BMO Nesbitt Burns paves the way for SouthernEra Resources (SUF-T) to raise $36.3 million to help fund a recently approved, US$22-milli…
Strateco options Discovery
Strateco Resources (RSC-V) intends to acquire a half-interest in Campbell Resources’s (CCH-T) Discovery gold project in Quebec’s Bruneau and Desjardins twps., about 205 km southwest of Chibougamau.Str…
Seabridge builds up fringe gold projects
Some gold companies become marginal plays, and others have that status thrust upon them; the unusual thing about Seabridge Resources (SEA-V) is that it was born a marginal play, and by design.Founded …
Golden Arch options Arizona gold bet
Vancouver-based Golden Arch Resources (GAI-V) has inked a deal with an Arizona-based partnership to lease the Mildred Peak property in Pima Cty., Ariz.Altar Resources Partnership gets an immediate US$…
Cordilleran syndicate stakes more ground
A trio of companies, including Franc-Or Resources (FOR-T), is exploring for gold and silver mineralization in Humboldt Cty., north-central Nevada, where the projected extentions of the Battle Mountain…
Juniors eye precious metals in Argentina
Argentina’s recent financial woes have not deterred two juniors from inking separate deals to explore for precious metals there.Silver Standard Resources (SSO-V) has purchased a 43% interest in the Pi…
Golds drop on profit-taking
After several weeks of spectacular gains driven by higher bullion prices, U.S.-listed gold stocks retrenched over the report period that ended June 4.Newmont Mining fell 41 to US$31.56, AngloGold dro…