WMC takes flight in Quebec
An airborne electromagnetic survey flown by WMC over an area of northeastern Quebec reveals several promising anomalies that the Australian major will follow up with ground geophysics.WMC has been exp…
News
Canadian Stock Exchange Indices (May 21, 2001)
DateMay 15May 14May 11May 10May 9HighLowTSE 30080…
The Northern Miner — North American Mining Index (May 21, 2001)
78.56 (+3.52)(Sept. 30/98 = 100)…
Glimmer mine shuts down
Partners Exall Resources (EXL-T) and Glimmer Resources (GME-V) have suspended production at their Glimmer gold mine in northern Ontario.The pair hopes to resume production in the near future, and, tow…
Starfield hits high grade
Vancouver — The first hole of a 40,000-metre drill program has expanded the high-grade zone at the Ferguson Lake nickel-copper-cobalt-platinum-palladium project in Nunavut.Starfield Resources (SRU-V)…
PNWC makes grade at River Valley
Vancouver — Junior explorer Pacific North West Capital (PFN-V) continues to expand platinum-palladium mineralization at its River Valley project, near Sudbury, Ont.The 11,000-metre drill program is u…
World Wide Minerals gets hearing date for lawsuit
The Federal Court of Appeals in Washington, D.C., has scheduled a hearing in a long-running dispute between the government of Kazakstan and World Wide Minerals.World Wide filed a US$1-billion lawsuit …
Viceroy takes loss on chin
Vancouver — Viceroy Resource (VOY-T) suffered through another year in the red as debt payments and writedowns took their toll on the junior miner.The net loss for 2000 totalled $45 million (or 78 pe…
Milpo advances Cerro Lindo
Armed with a positive prefeasibility study, Compania Minera Milpo has advanced the Cerro Lindo project to the final feasibility stage. The zinc-lead-silver project, situated 175 km southeast of Lima, …
Quadrem launches new web site
Quadrem, the Internet-based marketplace serving suppliers and buyers in the mining industry, has revised its web site.The site now allows customers to register or trade on-line, as well as download so…
TVX board OKs note conversion
The board of directors of TVX Gold (TVX-T) has unanimously approved a proposal to force an early conversion of the company’s US$250-million, gold-linked convertible notes.The move would be highly dilu…
Phelps Dodge slices dividend
Denver — In an effort to save US$120 million annually, Phelps Dodge (PD-N) has cut its yearly dividend to US50 per share.Ballooning energy costs in the wake of the California energy crisis have hurt…