Holmer Gold raises US$6m
Toronto-based junior Holmer Gold Mines (HGM-V) has closed a US$6-million debt financing with TCC Ventures, a U.S.-based venture capital firm.Following due diligence, Holmer will also issue 1 million s…
News
Int’l Curator cuts new zone
Vancouver — International Curator Resources (IC-T) has discovered a gold zone along strike of the Hunt target on the Assean Lake project, 120 km northeast of Thompson, Man.Collared 3.5 km away from t…
New valuation code out in draft form
Canada has moved closer to adopting standards for mineral property valuation with the draft report of a committee of the Canadian Institute of Mining, Metallurgy and Petroleum.The CIM’s Special Commit…
NAME CHANGES (March 18, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Kenrich Mining (KRC-V) has changed its name to Kenrich-Eskay Mining…
GREATEST VALUE TRADED, MARCH 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N71720639.7537.7838.92+0.49…
Mergers affected ’01 gold price
Several factors combined to make 2001 a difficult year for gold, according to CPM Group. Chief among these were contracting trading volumes in the futures and dealer markets, and consolidation and mer…
Future is bright: minister
As federal minister of natural resources, I look forward to playing a leading role in helping to improve the quality of life of Canadians through sustainable resource development. Ensuring that future…
Venezuela takes control of Las Cristinas (March 18, 2002)
Vancouver — Two rulings by Venezuela’s mines ministry have laid the groundwork for what could become a bidding war over control of the legally plagued Las Cristinas gold property in Bolivar state.The…
Copper, nickel lead price index
Base metals prices achieved fresh highs for the year during the 5-day report period ended March 8, maintaining the steep upward trend established since late February.So far, the London Metal Exchange …
Denison to modify name
Management of Denison Mines (DEN-T) has proposed changing its name to “Denison Energy” in order to reflect the company’s modern, split focus on both the uranium and oil and gas sectors.In addition, ma…
Rubicon deals ground to Redstar Minerals, Wheaton River
Vancouver — With drilling already under way on its key properties in Ontario’s Red Lake district, Rubicon Minerals (RMX-V) intends to advance some of its other projects by dealing them to experienced…
Lending Rates (March 18, 2002)
as of 4 pm ET, Mar. 12, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.00LIBOR US$ 6-month2.23LIBOR US$ 1-year2.85Gold lease 3-month0.60Gold leas…