Redhawk restructures ZincOx relationship
ZincOx Resources of London has relinquished its right to earn a half-interest in the Remac zinc oxide project in southeastern British Columbia and sold its interest in the Torlon property in Guatemala…
News
Newmont to axe Aussie hedge
Australian gold miner Normandy Mining, now living under the banner of Newmont Mining (NEM-N), reports that subsidiary Newmont NFM will have eliminated its hedge book by early 2003.Since the end of 200…
Lac des les suffers setback (September 23, 2002)
Just when it looked like things were beginning to improve, North American Palladium (PDL-T) has been forced to shut down and repair the primary crusher at its Lac des les palladium-platinum mine in n…
Queenston cuts new gold
Two of the first three diamond drill holes sunk by Queenston Mining (QMI-T) at its Kirkland Lake gold project in northeastern Ontario have cut a new zone of gold mineralization. The program is expecte…
BeMaX eyes Pooncarie
Australian-based BeMaX Resources has reached a deal to buy Sons of Gwalia’s 25% stake in the BIP joint venture, which controls extensive tenements in the Northern Murray Basin in New South Wales, Aust…
Echo Bay restates to a loss (September 23, 2002)
Edmonton-based gold and silver miner Echo Bay Mines (ECO-T) has restated its second-quarter, per-share results to reflect a loss related to an April share offering.Under the new accounting handling, E…
Canadian Stock Exchange Indices (September 23, 2002)
DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11HighLowTSX Composite6392.266500.616495.266516.9766…
Sandvik buys Mazda subsidiary
The mining and construction arm of Swedish-based Sandvik has acquired the Earth Technologies division of Japan-based Mazda.Mazda Earth Technologies makes hammers, breakers, tools and spare parts for t…
Trading Summary (September 20, 2002)
The Toronto Stock Exchange ended 13.82 points higher at 6,202.03 after pulling itself out of the red late on Friday…
Teck Cominco face Red Dog violations
Vancouver — Residents of a remote Inupiat Eskimo village on Alaska’s northwestern coast have filed a lawsuit again…
Tambo Grande gets support
The Executive Board of the Congress of Peru has approved a motion that recommends the transfer of the federal gover…
Porgera power problems persist
Placer Dome (PDG-T) expects its 50% stake in the Porgera mine in Papua New Guinea to generate a third-quarter loss…