Paul Coad
Paul Coad, a geologist known for his contributions to the Porcupine base metals mine near Timmins, Ont., has died. He was 51.In 1974, Coad graduated from the University of Western Ontario with a bache…
News
Base metals tumble, gold stagnant
As expected, base metals fell sharply during the period Dec. 3-7. Moreover, after breaking through key technical levels and closing poorly at the end of the week, further declines look probable in the…
Wheaton, Kinross close sale
Wheaton River Minerals (WRM-T) has completed the sale of its George Lake project in Nunavut to Kinross Gold (K-T).Wheaton received 4 million Kinross shares in return for its 100% interest in the proje…
Wolfden adds to Red Lake portfolio
Wolfden Resources (YWO-V) has added to its land position in the rejuvenated Red Lake mining district of northwestern Ontario by agreeing to take over the Skinner gold project.To acquire the 20.3-sq.-k…
Francisco eyes targets in Guatemala
Vancouver — Junior Francisco Gold (FGX-V) has identified additional targets on ground surrounding the promising Marlin Main zone in Guatemala.Regional prospecting and sampling 30 km southeast of the …
TVX halts Stratoni operations
TVX Gold (TVX-T) has declared force majeure at its wholly owned Stratoni silver-lead-zinc operation in Greece after a local mining inspector delivered a suspension order.As a result, the company has a…
NAME CHANGES (December 17, 2001)
Silverarrow Explorations (SVI-V) has changed its name to Aladdin Resources (ADN-V) on a 1-new-for-8-old-share basis.Quattro Resources (QRO-V) has changed its name to Aldershot Resou…
Northern Miner Indices (December 17, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Received truth
Staff at The Northern Miner were downcast in November 2000, when we found out the trade press division of Southam, of which we were a part, had been cut out of the sale of Hollinger assets to televiso…
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
Deere, Hitachi form marketing JV
In a move designed to boost sales and trim costs, Deere & Co. and Hitachi Construction Machinery will integrate their marketing operations in North, Central and South America.Under the plan, marketing…
Appalaches, Marum encouraged by B20 results
Appalaches Resources (APP-V) and Marum Resources (MMU-V) are encouraged by sample results from outcrops taken in the Port-Cartier region, west of Sept-les, Que.The sampling was concentrated 2 km east…