Gold fever grips TSX Venture Exchange
Vancouver — With gold stocks leading the way, Canada’s junior exchange continued its upward march over the report period ended May 28. The S&P-TSX Venture Index climbed 22.9 points, or 1.9%, and clos…
News
Miramar, Hope Bay complete merger
With the merger of Miramar Mining (MAE-T) and Hope Bay Gold now a done deal, the new Miramar is confident its 100% ownership of the Hope Bay project in Nunavut will provide the platform for growth.The…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Producer and Dealer Prices (June 03, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-8.80/lb.Copper: Comex July US$0.757/lb.Indium: Indi…
GREATEST VALUE TRADED, MAY 22-28
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N60948832.0029.9532.00+1.19…
Kennecott comes up empty at Jericho
Kennecott Canada Exploration unsuccessfully tested 20 exploration targets during spring drilling at Tahera’s (TAH-T) wholly owned Jericho diamond project in Nunavut.A number of kimberlite indicator mi…
BHP continues copper cuts
Vancouver — Responding to weak demand for copper, BHP Billiton (BHP-N) says it will extend production cuts at the Escondida and Tintaya operations in Chile and Peru, respectively.In November 2001, th…
Cumberland fills pockets
With gold on the move, Cumberland Resources (CBD-T) has arranged a $10.4-million bought deal with Canaccord Capital, which has agreed to buy 4 million units priced at $2.60 apiece.A unit consists of o…
News – 03-JUN-02
Consolidation revisited
Whatever we may have been told, consolidation in the gold industry isn’t finished. Placer Dome’s A$2-billion offer to take over Aurion Gold is proof enough of that.But the scale of that bid, following…
Sustainable development, Part 1
In many countries, mining is no longer considered socially acceptable, and in order for companies to maintain shareholders and access to capital and land, the industry has to break with its reputation…
PEOPLE (June 03, 2002)
Falconbridge — Derek Pannell appointed deputy chairman; Aaron Regent appointed president and CEO.Matamec — Michel Robert and Claude Tremblay appointed directors.Silver Users — Michael…