Gitennes fires blanks at Bear
Scout drilling at the Bear property, north of Thunder Bay, Ont., has come up dry for Vancouver-based Gitennes Exploration (GIT-T).The junior sank three holes into a coincident electromagnetic and magn…
News
Wolverton picks seven top gold juniors
As the rally in gold stocks percolates downwards into smaller and smaller companies, analysts such as Tracy Hurley of Wolverton Securities are examining microcap gold stocks and recommending those tha…
Spot Prices Wed. June 19, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$321.85+$2.30Silver$ 4.90+$0.02Platinum$565.00+$…
Partners drill River Valley (June 24, 2002)
Drilling by Mustang Minerals (YMU-V) and South African-based Impala Platinum Holdings (Implats) has highlighted more platinum group metal mineralization in the River Valley intrusion of northern Ontar…
La Colorada construction under way
With a US$10-million project debt facility in hand from International Finance Corp., Pan American Silver (PAA-T) has begun construction aimed at quadrupling production at its La Colorada mine in Mexic…
Canadian Stock Exchange Indices (June 24, 2002)
DateJune 18June 17June 14June 13June 12HighLowTSX Composite7327.547357.427249.027283.607359.56…
Golds retrench
With bullion prices finding new support at around US$318 per oz., the U.S.-listed gold companies spent the report period June 12-18 consolidating at levels about 5% lower than the 52-week highs attain…
Big plans for Peruvian placers
Mineral exploration companies like to get noticed. But a new venture operating out of Las Vegas and largely controlled by southern Ontario interests has gone one better on the usual junior promotion g…
Ensuring mining’s legitimacy, Part 2
The question remains: How does the industry regain the public credibility that, ultimately, underpins legitimacy?The answer is simple: it openly acknowledges the criticisms leveled at it, engages with…
PEOPLE (June 24, 2002)
Aurado — Roland Khalife, Raja Shaffu and Elie Soueiden appointed directors; David Robinson appointed CEO, Ian Baron appointed COO; Kamal Tamraz appointed CFO.Aurora — Daniel Innes appointed presiden…
Exchange Rates (June 24, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 18June 17June 14June 13June 12US$ in C$1.54411.54731.55001.5…
Benchmark lowered, resource stocks end mixed
The Toronto Stock Exchange S&P/TSX composite index shed 71.29 points over the June 12-18 trading period to finish at 7,327.54.Gold rose US$2.30 in overseas trading to settle at a London morning fix of…