Miramar Mining merges with Hope Bay Gold
In a move long-anticipated by the market, Miramar Mining (MAE-T) and joint-venture partner Hope Bay Gold (HGC-T) have agreed, in principle, to merge and thereby consolidate their ownership of the pros…
News
TGW active at Dona Amanda
Drilling has started at the Dona Amanda copper project in the Dominican Republic.Under operator TGW (GWC-V), the program will test a series of induced-polarization (IP) anomalies, extending on a 4-km …
TSE Short Positions (March 11, 2002)
Short positions outstanding at February 28, 2002Larger individual positions include Agnico-Eagle 3,511,200 up 1,144,049; Alcan Inc. 1,284078 down 127696; Appalaches Res. 140456 up 140,456;…
Johnson Matthey buys asset
Johnson Matthey has acquired Avocado Research Chemicals, a manufacturer and supplier of organic compounds used in laboratory research.Based in Heysham, Lancashire, U.K., Avocado is a reputed supplier …
Glamis looks to Francisco for growth
Two years of discussions have culminated in the proposed merger of Glamis Gold (GLG-T) and Francisco Gold (FGX-V), with Glamis President Kevin McArthur predicting that the new entity will rank as the …
Ivanhoe finds gold-rich copper zone at Turquoise Hill
Encouraged by the potential of the Turquoise Hill copper-gold project in southern Mongolia, Ivanhoe Mines (IVN-T) has assigned three drill rigs to the Central Oyu zone, where it recently cut a signifi…
Daily Metal Prices (March 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 5March 4March 1Feb. 28Feb. 27Aluminium1403/14…
CDNX follows major bourses up
Vancouver — Canada’s junior exchange broke out of its recent slide and posted modest gains during the 5-day report period ended March 5. The Standard & Poor’s/CDNX composite index gained 27.45 points…
Blow to TVX in Greece casts pall over market
The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….
Spot Prices Wed. March 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$294.35-$4.95Silver$ 4.53+$0.08Platinum$508.00+$…
Patrician stakes Blackwater
Patrician Consolidated Gold Mines (PXC-V) has staked the 268-sq.-km Blackwater Lake property, 550 km northwest of Yellowknife, N.W.T.The two claim groups, comprising 33 units, are accessible via a win…
GREATEST VALUE TRADED, FEB. 27 – MAR. 5
ExchgVal($000s)HighLowCloseChangeAlcoa*N79945239.7036.5838.43+0.93…