Goldcorp extends Red Lake mineralization
Hot on the heals of its latest reserve update, Goldcorp (G-T) has announced the discovery of new mineralization at the Red Lake gold mine in northwestern Ontario.Reserves were recently upped by 25% to…
News
Wheaton sells George Lake
Junior gold producer Wheaton River Minerals (WRM-T) has arranged to sell its George Lake project, near Bathurst Inlet in Nunavut, to Kinross Gold (K-T) in return for 4 million shares, worth about $6 m…
NAME CHANGES (October 01, 2001)
Icelandic Gold (YCE-V) has changed its name to PGM Ventures (YPG-V) on a 1-new-for-1-old share basiCanada Fluorspar (CFI-V) has changed its name to Continental Ridge Resources…
Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…
Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…
Field trip examines steel-making
The Toronto branch of the Canadian Institute of Mining, Metallurgy & Petroleum will hold a field trip on Oct. 15 to demonstrate the steel-making process.Participants will visit Larfarge Canada’s Dunda…
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
New trends in platinum demand
Demand for platinum in 2000, at 5.6 million oz., was marginally up on the record level achieved in 1999, but the pattern of consumption was significantly different from that of recent years.Sales to t…
MOST ACTIVE ISSUES, SEPT. 19-25
ExchgVol(000s)HighLowCloseChangeAlcoa*N2747130.6327.3630.04-0.16…
Northern Miner Indices (October 01, 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…
Ontario restores Kam Kotia mine site
The Ontario government will contribute nearly $7 million toward rehabilitating the historic Kam Kotia copper-zinc-silver mine, near Timmins.The money will be used, in part, to build an interceptor dit…
Major gold exhibit on view in Vancouver
An multi-million-dollar exhibit of ancient and modern gold artifacts is on display at the Pacific Mineral Museum in Vancouver B.C., until Nov. 4.Titled Gold: A Celebration of Beauty, Passion and Treas…