***** New Story***** (September 10, 2001)
Canadian Stock Exchange Indices — 52-week –DateSept. 4Sept. 3August 31August…
News
Inca Pacific, Anaconda wrap up drilling
Vancouver — Inca Pacific Resources (IP-V) has tabled encouraging drill results from the Magistral copper porphyry-skarn property in Peru.The 49-hole, 4,000-metre diamond drill program was managed by …
Sultan steps up exploration near Nelson
Vancouver — Having completed initial drilling at the Kena gold property in southeastern British Columbia, Sultan Minerals (SUL-V) is expanding its exploration efforts.The junior has kicked off two ne…
Gold demand steady in 2001
In the first half of the year, gold demand held its ground despite the global economic slowdown.For the first six months of 2001, gold jewelry sales and personal investment in the world’s leading gold…
Ontario releases treasure maps
There is buried treasure in Ontario and the provincial government is determined to help companies find it.The Ontario Geological Survey (OGS) has released 115 new map sheets from seven airborne geophy…
CAMESE to meet in Sudbury
Wayne Smith, manager of purchasing, warehousing and traffic at Inco, will present an overview of e-commerce procurement practices at annual meeting of the Canadian Association of Mining Equipment and …
Tagish to test Skukum
An exploration program by Tagish Lake Gold (TLG-V) is testing the Skukum gold-silver property, 80 km south of Whitehorse, Y.T.The road-accessible property includes the past-producing Mt. Skukum mine. …
Aussie dollar not alone in its woes
The experience of the Australian dollar paralleled that of most major currencies in the past three years, as capital flowed into U.S. markets and into greenback-denominated investments. The Aussie ave…
AngloGold bids for Normandy (September 10, 2001)
Moving to expand and diversify its gold portfolio, AngloGold (AU-N) has launched an all-share bid to acquire Normandy Mining (NDY-T), Australia’s largest gold miner.Creating what it describes as the “…
Currency hedges hit earnings in Australia
A local currency that had lost a fifth of its value against the U.S. dollar might have been expected to help local commodity producers make near-windfall profits, as costs stayed static and revenues t…
Julietta mine to start up in fourth quarter
Only months after low gold prices forced the closure of its high-cost Refugio mine in Chile, Bema Gold (BGO-T) has announced a fourth-quarter startup for its 79%-owned, fully-financed Julietta gold-si…
Canabrava tests showing
Field geologists with Canabrava Diamond (CNB-V) have discovered the possible source of two diamond-bearing kimberlite boulders found earlier this year by Kennecott Canada Exploration on the Rocky Isla…