Canadian Stock Exchange Indices (October 07, 2002)
DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25HighLowTSX Composite6218.616180.426111.116179.426165…
News
Tichegami yields one stone
A second kimberlitic find on the Tichegami property in the Otish Mountains region of Quebec has returned only one microdiamond from 23.1 kg of tested material. The project is shared by Pure Gold Miner…
Noranda dismounts Caballo Blanco (October 07, 2002)
Noranda (NRD-T) has dropped its option to earn a 75% stake in Almaden Minerals’ (AMM-T) Caballo Blanco property in eastern Mexico, near Veracruz.To earn its interest, the major had agreed to complete …
Porgera’s problems persist
Placer Dome (PDG-T) expects its half-interest in the Porgera mine in Papua New Guinea to generate a third-quarter loss of US$7 million, owing to power interruptions.Vandals have damaged more power pol…
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. …
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…