Canadian Stock Exchange Indices (December 17, 2001)
DateDec. 11Dec. 10Dec. 7Dec. 6Dec. 5 High LowTSE 3007531.637559.817616.807613.677620.17…
News
Attacks will cost Canada $5b
Canadian mining, along with manufacturing, transportation, tourism and retail, lost a total of $1.2 billion as a result of the Sept. 11 terrorist attacks in New York City, according to a report by a H…
McWatters files reorganization plan (December 17, 2001)
McWatters Mining (MCW-T) has filed a plan of arrangement under the Companies’ Creditors Arrangement Act aimed getting a handle on its debt and resuming production at the Sigma-Lamaque open-pit gold mi…
The Northern Miner — Small Producers Index (December 17, 2001)
45.37 (-0.92)(Sept. 30/98 = 100)…
Platinum demand at new high
Demand for platinum is expected to rise by 5% to a record 5.9 million oz. in 2001, and the climb is being led by a 25% rise in demand from the auto industry, owing to increased market share for diesel…
Home-owners on unstable ground: province
The Ontario government evacuated several residents living close to the defunct Toburn gold mine, near Kirkland Lake, Ont., after it was discovered their homes rest on unstable ground.Ground stability …
Candente extends gold system in Peru
Vancouver — Mapping and geochemical sampling by Candente Resources (DNT-V) have uncovered a new gold target on the Lunahuana property near Lima in central Peru.Situated 1.5 km east of the previously …
BC committed to geoscience
The government of British Columbia is committed to building a thriving private-sector economy that creates high-paying job opportunities, including those in the mining and mineral exploration industry…
Teck Cominco envisions larger zinc district in Alaska
Vancouver — With Red Dog in northwestern Alaska already the highest-grade zinc mine in the world, Teck Cominco (TEK-T) is hopeful recent drill results will enable it to outline a zinc district potent…
Newmont trumps bid by AngloGold
The takeover battle for Normandy Mining (NDY-T) has entered a new round, with Newmont Mining (NEM-N) countering AngloGold’s (AU-N) latest bid by offering twice as much cash.Newmont is now of…
Aur gets Duck Pond base metal project
In a deal valued at $6 million, Aur Resources (AUR-T) is taking over the Duck Pond base metal project in Newfoundland from partners Thundermin Resources (THR-T) and Queenston Mining (QMI-T).
Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…