Junior market continues to slide
Vancouver — A battle between reluctant sellers and stingy buyers forced the bid-ask spread on individual stocks to widen to levels not seen in more than a year during the report period ended Oct. 1. …
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Afri-Can tops up Block J stake (October 07, 2002)
With a final payment of $125,000 to its Australian partner, Woduna Mining Holding, Afri-Can Marine Minerals (AFA-V) has boosted to 70% its interest in the Block J marine diamond concession, 105 km nor…
Trading Summary (October 04, 2002)
The golds, up 1.92 points or more than 1% at 181.2, were alone in the black by the end of trading on Friday. Most o…
Alcoa profits nearly halved (October 04, 2002)
U.S. aluminum giant Alcoa (AA-N) has reported a 43% drop in third-quarter earnings thanks mostly to a global oversu…
Goro construction resumes
Having come to agreements with contractors and suppliers to avoid future disruptions, Inco (N-T) says it will plans…
Candente eyes Alto Dorado
Vancouver-based junior Candente Resource (DNT-V) has agreed to acquire Hecla Mining’s (HL-N) Alto Dorado gold prope…
S. African mining charter finds compromise
Vancouver — Mining companies with assets in South Africa breathed a collective sigh of relief after the country’s…
Redcorp finds new vein
Vancouver — While waiting for the results from a newly completed 12 hole drill program over its wholly-owned Hawk…
Trading Summary (October 03, 2002)
The Diversified Metals & Mining Index was one of just four subindices to end in the black on the Toronto Stock Exch…
NovaGold drilling adds to Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska, has cut new high-grade g…
Rosia Montana on the move
Gabriel Resources (GBU-T) reports that it has acquired 71 properties under its plan to resettle the town of Rosia M…
Newmont drops Nicaraguan option
As part of a plan to dump projects not deemed to meet its thresholds, Newmont Mining (NEM-N) has balked at an optio…