The Northern Miner — North American Mining Index (February 11, 2002)
78.56 (+5.91)(Sept. 30/98 = 100)…
News
Drills turn at McCuaig (February 11, 2002)
Vancouver — Rubicon Minerals (RMX-V) has kicked off a 3,050-metre drill program on the McCuaig gold project in Red Lake, Ont.The company is targeting a gold-bearing structural zone discovered last ye…
Daily Metal Prices (February 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30Aluminium1366/1383…
Canadian Stock Exchange Indices (February 11, 2002)
DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30HighLowTSE 3007523.477591.077690.517648.997548.83…
CDNX rallies as gold climbs
Vancouver — Canada’s junior exchange continued to move higher on heavy volumes over the report period ended Feb. 5. The Standard & Poor’s-CDNX Composite Index gained 25.9 points, or 2.3% to close at …
Gold Fields’ earnings nearly triple (February 11, 2002)
Reflecting a weakened South African rand and a month’s production from the recently acquired St Ives and Agnew mines in Western Australia, Gold Fields (GOLD-Q) has reported record earnings of US$67 mi…
Brett licence approved
The government of El Salvador has issued an exploration licence covering the El Potosi gold mine to Vancouver-based Brett Resources (BRN-V). The new licence was issued in conformance with a new Mining…
Lending Rates (February 11, 2002)
as of 4 pm ET, Feb. 5, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Falconbridge ends 2001 on sour note
Weak metal markets kept Falconbridge (FL-T) firmly in the red during the final three months of 2001, but not deep enough to erase profits made earlier in the year.Falconbridge squeaked by last year wi…
Lang hangs on to Valerie Gold
Vancouver — Frank Lang managed to stave off a contentious proxy fight as shareholders voted almost two-to-one to keep his management team at the helm of Valerie Gold Resources (VLG-V).Less than half …
Low Metal Prices take toll on Teck
Vancouver — Partly as a result of the merger that gave rise to Teck Cominco (TEK-T), the new entity has posted an after-tax net loss for the year of $21 million (or 17 per share) after asset writedo…
Minotaur steps out at Olympic Dam-style prospect
The geology and geochemistry of Minotaur Resources’ discovery hole at a large gravity anomaly in the Mt. Woods area of South Australia suggests Olympic Dam-style mineralization and the makings of a po…