Wallbridge to get its day in court
The Ontario Mining and Lands Commissioner has ruled that a full hearing must be held into Inco’s (N-T) contesting…
News
Sherritt finalizes Luscar acquisition
The Sherritt Coal Partnership has announced that it has acquired all of the outstanding units and debentures of the…
Trading Summary (July 03, 2001)
The Toronto Stock Exchange’s 300 composite index edged up 11.95 points to close at 7,748.3 on Tuesday as seven of t…
Nevada miners support power usage bill
Denver — A coalition of mining companies, power companies and resort casinos has filed suit in the Nevada state Supreme Court, seeking passage of a bill that could affect how large electricity-users …
Newmont targets RDN (July 02, 2001)
Vancouver — Newmont Exploration of Canada, a wholly owned subsidiary of Newmont Mining (NEM-N), is gearing up for a 1,200-metre drill program over Rimfire Minerals’ (RFM-V) RDN gold-silver property …
Novagold takes aim at Shotgun (July 02, 2001)
Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does not already own of the 1-million-oz. Shotgun gold property in southwestern Alaska.The …
Exchange Rates (July 02, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 26June 25June 22June 21June 20…
Rising stocks add to woes
Base metals continued their steep downtrend during the report period June 18-22. Prices have been falling steadily for four weeks now, and the major traded metals registered their fourth consecutive w…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Metallica rated a speculative buy
The increase in the share price of Metallica Resources (MR-T) to a recent 52-week high of $1.30 (off a year-low of 18) coincides with the release of assay results from a second round of drilling by N…
Canuck companies show pluck in Indochina; Aurora
Vancouver — Olympus Pacific Minerals (OYM-V) and its joint-venture partners, Ivanhoe Mines (IVN-T) and New Zealand-based Zedex, are going for gold in Vietnam, while Falconbridge…
Wolfden acquires past producer (July 02, 2001)
Wolfden Resources (YWO-V) intends to buy the past-producing Argosy gold property in the revived Red Lake mining district of northwestern Ontario.To do so, Wolfden must spend $10,000 in cash and issue …