Goldcorp doubles shares
Shareholders have given the go-ahead for Goldcorp (G-T) to double its number of outstanding shares to just over 165 million.The 2-for-1 split was approved by 99.7% of the shareholders who voted, repre…
News
Majescor cuts narrow kimberlite intercepts
Drilling by Majescor Resources (MAJ-V) on the Wemindji project on the eastern side of James Bay in northern Quebec has intercepted dyke-like intervals of kimberlite in two holes.The junior drilled fiv…
Moosehead remains elusive
A small drill program, designed to test electromagnetic anomalies at the Moosehead property in central Newfoundland, has ended in disappointment for Altius Minerals (ALS-V) and Sudbury Contact Mines (…
Higher output pares loss at Pan American
With its Huaron mine in Peru and La Colorada mine in Mexico now in production, Pan American Silver (PAA-T) saw its annual revenue increase 25% in 2001. The company posted a net loss for the year of US…
Bradley, Nuvumiut sign JV
Nuvamiut Development, an Inuit-run business in northern Quebec, has signed a joint-venture deal with Bradley Bros. to carry out surface and underground drilling over three years at the Raglan nickel m…
Ashton begins work at Potentilla kimberlite pipe
Ashton Mining of Canada (ACA-T) has begun an exploration program on the Kikerk Lake property in the north Slave Craton region of Nunavut.The program will entail collecting a mini-bulk sample from the …
Anglogold joins Rimfire
Vancouver-based Junior Rimfire Minerals (RFM-V) has inked two deals allowing Anglogold (AU-N) to earn up to a 70% stake in the Eagle and ER-Ogo-Fire properties in east-central Alaska.The major can ear…
Rio Narcea raises funds
Alberto Lavandeira-led Rio Narcea Gold Mines (RNG-T) has completed a private placement of 8 million special warrants priced at 80 each.Haywood Securities acted as agent for the placement and subscrib…
Spot Prices Wed. March 27, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.50+$4.80Silver$ 4.64+$0.12Platinum$516.00+$…
PEOPLE (April 01, 2002)
Alcan — Yves Fortier appointed vice-chairman and director.Dofasco — John Mayberry appointed chairman and CEO; Brian MacNeill appointed lead director.Gold Canyon — Samuel Nunnemaker app…
Partners eye Sabara production (April 01, 2002)
Brazilian Resources (YBZ-V) and its operating partner, IMS Empreendimentos, are preparing to mine the former’s wholly owned Sabara gold deposit in the country’s Iron Quadrangle district.The open-pit o…
Northern Miner Indices (April 01, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…