PEOPLE (December 31, 2001)
AMT International — Karine Simoes and Dora Santschi appointed directors.Boulder — Nelson Baker appointed vice-president exploration and John Magee appointed vp corporate development.Crew Developm…
News
Canadian Stock Exchange Indices (December 31, 2001)
— 52-week –DateDec. 25Dec. 24Dec. 21Dec. 20Dec. 19High…
Stock markets scrape bottom
TWENTY YEARS AGO/JANUARY 1982Anticipating an impending economic slump, stocks on all Canadian exchanges started reversing their long uptrend, ending 1981 sharply lower. In fact, the TSE suffered its t…
Sulliden’s drills stall at Mario (December 31, 2001)
Nearly out of cash, Sulliden Exploration (sue-t) has suspended a 3,500-metre drilling campaign on the Mario base metal property, 50 km southwest of Huancayo, Peru.Sullivan had drilled about 1,553 metr…
Gold Funds (December 31, 2001)
Dundee Precious MetalsCentral FundNet Value$13.47$5.41Price$9.30$5.16Discount30.964.6Value$94,293,000$105,193,131…
News – 31-DEC-01 (December 31, 2001)
Geomaque restructures, gets new board (December 31, 2001)
A financial restructuring at Geomaque Explorations (GEO-T) will see the company’s principal lender get a large net cash-flow interest on the Vueltas del Rio gold mine in Honduras.Geomaque reached an a…
Grassroots mineral exploration withered in past year
In 2001, metal prices fell to some of the worst levels ever, so junior explorers can be forgiven if virtually the only thing they developed in 2001 was the blues.New venture capital all but dried up, …
Exploration companies tightened belts in 2001
With prices for base and precious metals sagging, funding for exploration has become scarce, a fact borne out by Halifax-based Metals Economic Group’s latest study of exploration budgets for 679 compa…
More drilling slated for Boyongan
Vancouver — The purchase of an additional 10% stake in Philex Mining’s (PGI-V) Boyongan copper-gold prospect in the Philippines has propelled Anglo American (AUUK-Q) to step up the pace of drilling.T…
Xenolix to buy back shares
An agreed settlement in an administrative action by the Arizona Corporations Commission will require precious-metal “nanotechnology” company Xenolix Technologies (xtci-o) to buy back shares from some …
Newmont drops RDN (December 31, 2001)
Vancouver — Disappointing results from a second round of drilling on the RDN gold-silver property in northern British Columbia have prompted Newmont Mining (NEM-N) to stop its work program.The proper…