Botwood lures juniors to The Rock
St. John’s, NFLD — Recognizing the merits of a new geological concept for Carlin-style mineralization in a belt of rocks in central Newfoundland, Barrick Gold (ABX-T) struck a deal with Altius Minera…
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Lending Rates (December 02, 2002)
as of 4 pm ET, Nov. 26, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.43LIBOR US$ 6-month1.48LIBOR US$ 1-year1.73Gold lease 3-month0.28Gold leas…
The Northern Miner — North American Mining Index (December 02, 2002)
67.19 (-1.24)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 02, 2002)
70.68 (-9.69)(Sept. 30/98 = 100)…
Peruvian find bears witness to Barrick’s grassroots thrust
The discovery of the 7.3-million-oz. Lagunas Norte deposit in northern Peru testifies to the success of Barrick Gold’s (ABX-T) new focus on grassroots exploration.The deposit is part of the Alto Chica…
Editorial Cartoon (December 02, 2002)
Russian bear ambles into Stillwater, Montana
Operational setbacks and a precipitous drop in palladium prices have prompted cash-strapped Stillwater Mining (SWC-N) to ponder the unthinkable and become a subsidiary to the world’s largest palladium…
Juniors keep exploration (barely) alive BC
Vancouver — Despite the implementation of one of the most attractive incentive programs in the country, mineral exploration in Canada’s westernmost province failed to ignite in 2002.In 2001, total fi…
Pele hopes Genesis is start of something big
Pele Mountain Resources’ (YPN-V) discovery of a significant diamond population in the Genesis showing at its Festival property near Wawa, Ont., has dramatically increased the potential for an economic…
PEOPLE (December 02, 2002)
Axmin — Craig Banfield appointed secretary.Cameco — Gerald Grandey appointed CEO.Cumberland — Kerry Curtis appointed interim president and CEO; Walter Segsworth appointed co-chairman.
Daily Metal Prices (December 02, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20Al Alloy1311/131…
QGX buoyed by hot holes in Mongolia
QGX (QGX-V), a pioneer in mineral exploration in Mongolia, is capitalizing on some promising drill results at its Golden Hill project by arranging a $3.9-million private placement.The financing is bei…