NAME CHANGES (September 02, 2002)
Gold Giant Minerals (GNR-V) has changed its name to Gold Giant Ventures (GGV-V) on a 1-new-for-10-old-share basis.Oliver Gold (CNI-V) has changed its name to Canico Resource…
News
Lending Rates (September 02, 2002)
as of 4 pm ET, Aug. 27, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.83LIBOR US$ 1-year1.99Gold lease 3-month0.32Gold leas…
Base metals benefit from modest recovery in US equities
The pressure on metals prices lifted over the report period Aug. 19-23, thanks to a more positive tone in U.S. equity markets. The recent signs of stabilization in metals are not surprising given the …
The Northern Miner — Small Producers Index (September 02, 2002)
74.10 (+3.88)(Sept. 30/98 = 100)…
Seabee grades dog Claude (September 02, 2002)
Beset with lower-grade ore from the Seabee gold mine in Saskatchewan, Claude Resources (CRJ-T) finished the first half of 2002 about $3 million in the red.The loss translates into 7 per basic and dil…
US markets reverse course
In another typical display of these troubled times, U.S. markets reversed course to finish the Aug. 21-27 report period worse off than when they started.The Dow Jones Industrial Average slipped 47.66 …
Sulliden set to acquire Peruvian deposit
With $150,000 in hand from a recent private placement, Montreal-based Sulliden Exploration (SUE-T) has inked a letter of intent to acquire Peru’s Shahuindo gold property from Compania Minera Algamarca…
T.N.M. welcomes letters (September 02, 2002)
The Northern Miner welcomes letters to the editor on any article appearing in the paper or on any aspect of the mining industry. We reserve the right to edit letters for length or readability. Letters…
iPasin de Espaa?
One grows used to the odd misrepresentation by a politician, but to hear one so leavened with coarseness as a comment by Loyola de Palacio del Valle-Lersundi last month caught us by surprise.Ms. de Pa…
Disclosure policy benefits mining
The Canadian Securities Administrators recently adopted National Policy 51-201 — Disclosure Standards, which addresses concerns regarding selective disclosure. Selective disclosure occurs when a publ…
River Gold’s cash flow swells (September 02, 2002)
Despite lower production, River Gold Mines (RIV-T) posted a small profit of $105,957 (or nil per share) for the three months ended June 30.That compares with earnings of $739,150 (2 per share) in the…
Cumberland cuts more gold
Vancouver — Cumberland Resources (CBD-T) is encouraged by initial results from an ongoing $3.9-million program on the Meadowbank gold property in Nunavut.The project, 70 km north of Baker Lake, consi…