Gold explorers jump back to life
Buyers managed to overtake sellers over the Dec. 12-18 report period to push the Toronto Stock Exchange 300 index up 54.84 points to 7,586.47.Gold surged ahead $5.65 in London markets to land at a mor…
News
Goldcorp finds more Red Lake nuggets
Goldcorp (G-T) has turned up more jewelry-box grades at the Red Lake mine in northwestern Ontario.Deep hole 860DW cut 4.9 metres grading an impressive 474 grams gold per tonne. The exploratory hole wa…
Output to rise at Grasberg
Vancouver — Bucking the trend of other major producers, Freeport-McMoRan Copper & Gold (FCX-N) says it expects a 7.1% increase in copper production next year at its Grasberg mine in Indonesia.Output …
Anglo ups stake in Boyongan
Vancouver — Saddled with a US$14-million debt on its soon-to-be- closed Bulawan mine, Philex Gold (PGI-V) has inked a deal to sell a 10% equity stake in the promising Boyongan copper-gold project and…
The Northern Miner — North American Mining Index (December 24, 2001)
69.28 (+3.09)(Sept. 30/98 = 100)…
GREATEST VALUE TRADED, DEC. 12-18
ExchgVal($000s)HighLowCloseChangeBarrick GoldT59823026.2523.9526.22+2.32…
The Northern Miner — Small Producers Index (December 24, 2001)
46.21 (+0.84)(Sept. 30/98 = 100)…
Exchange Rates (December 24, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12US$ in C$1.57301.56461.56331.5…
Noranda-Virginia JV targets Quebec
Virginia Gold Mines (VIA-T) and Noranda (NRD-T) have signed an agreement to conduct geoscientific work in the north of Quebec.The deal saw Noranda subscribe to a private placement of 333,333 shares of…
Ontario names first OMET recipients
The provincial government has announced the first five projects to receive assistance under the $8-million Ontario Mineral Exploration Technologies (OMET) Program.Three of the projects will be oversee…
Too much red tape
With reference to your editorial “Penny Wise, pound foolish” (T.N.M., Dec. 3-9/01), I imagine our government might cite the decline in mineral exploration in British Columbia during recent years as an…
CAMESE hosts booth in Russia
The Canadian Association of Mining Equipment and Services for Export (CAMESE) is inviting companies to display posters at the sixth Moscow International Mining, Exploration and Mining Equipment Exhibi…