Redcorp tallies gold values at Hawk
Vancouver — Drilling by Redcorp Ventures (RDV-T) has returned encouraging values from the Hawk gold property in north-central British Columbia.All 12 holes in the 1,500-metre program, which tested fo…
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Shutdowns cost Falconbridge (October 28, 2002)
Lower nickel sales and shrinking revenue from precious metals production pushed Falconbridge (FL-T) to a third-quarter loss.The major found itself $21.3 million in the red (or 14 per share), compared…
Junior explores near Tulawaka
Junior Exploration Minires du Nord (MDN-T) has begun a soil geochemical survey over two newly acquired permits in the Lake Victoria Goldfields district of Tanzania.Minires can earn 90% interests in …
MacDonald exec takes a loss
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aur Resources (AUR-T) — Jorge Carey, director, bought 44,500 shares indirectly at US$2.15 or …
Cambior profits from higher gold prices (October 28, 2002)
Riding higher gold prices, Cambior (CBJ-T) managed to post a tidy profit for the three months ended Sept. 30 — its first quarterly profit since the last three months of 2001.Third-quarter earnings am…
Spot Prices Wed. October 16, 2002 (October 28, 2002)
Precious MetalsPrice (US$/oz.)ChangeGold$313.40-$0.60Silver$ 4.41+$0.09Platinum$580.00-$…
Exchange Rates (October 28, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16US$ in C$1.56791.56741.57211.5…
Anglo extends Boyongan
Vancouver — Delineation drilling on the Boyongan prospect in the Philippines continues to churn out impressive copper-gold values.Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) have six rig…
Daily Metal Prices (October 28, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16Al Alloy1250/126…
Correction (October 28, 2002)
Our story “Friedland leading the charge in the land of Genghis Khan” (T.N.M., Sept. 23/02) incorrectly stated that QGX (QGX-V) held a 10% carried interest in the Turquoise Ridges (Ovoot) and Shuteen p…
Fording morphs to foil takeover
Rather than submit to a $1.5-billion takeover bid by the Sherritt Coal Partnership II or attempt to lure competing bids, Fording (FDG-T) has announced plans to reorganize itself into an income trust.O…
Canico proves up Brazilian target
Vancouver — Initial results from an ongoing 11,000-metre drill program have enhanced the economic potential of the Ona-Puma nickel laterite project in northern Brazil.Canico Resource (CNI-V) tabled …