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…
News
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…
Dewatering Highland Valley will extend jobs
The government of British Columbia has approved a plan to prolong the life of the Highland Valley Copper mine, near Kamloops, and the jobs of its 950 workers.The mine was scheduled to close in mid-200…
Murdochville prepares to call it a day
Five months after Noranda closed its copper smelter in Murdochville, Que., residents have voted to shut down the village and resettle.In a non-binding referendum, 65% of the participants opted to give…
Waning Bulawan widens loss Metals
As a result of decommissioning the Bulawan mine in the Philippines, Philex Gold (PGI-V) produced just 2,814 oz. of the yellow metal in the second quarter.Of that amount, 1,277 oz. were recovered via t…
Geomaque seeks exploration funding
Having no cash to spare for exploration, Geomaque Explorations (GEO-T) shall attempt to raise $1.5 million through a private placement.The offer, which is being brokered by Haywood Securities, entails…
Namco revival still iffy
With all four of its production vessels at sea, Namibian Minerals (NMR-T) is producing considerably more diamonds these days, but whether it can rise from the red remains unclear.The company (Namco), …
Northern Miner Indices (September 02, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
LME Warehouse Levels (September 02, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, August 27 (change from August 20 in brackets):MetalStock (tonnes)ChangeAluminium1293775…
SouthernEra takes Messina to the bank (September 02, 2002)
A bankable feasibility study of the Phase 2 project on the Doornvlei property at the Messina platinum group metals (PGM) mine in South Africa, has come back positive for SouthernEra Resources (SUF-T)….
Pele finds small stones (September 02, 2002)
Pele Mountain Resources (YPN-V) has uncovered more than 20 volcanic units in a 9-sq.-km area of the Festival property, near Wawa, Ont.The intermittently outcropping units reach widths of up to 100 met…