Canada helps Tunisia develop mineral wealth
Natural Resources Canada will help the government of Tunisia manage its digital geographical data.The cost of project is estimated at $4.3 million and will be funded by the Canadian International Deve…
News
Malthusian sustainability
Are the authors of “Sustainable development, Part 1” (T.N.M., June 3/02) really ignorant of the most basic “sustainability” activity of all for the human race? Mining provides the raw materials to bui…
SouthernEra eyes $36m for deeper shaft
A bought deal with a syndicate led by National Bank Financial and BMO Nesbitt Burns paves the way for SouthernEra Resources (SUF-T) to raise $36.3 million to help fund a recently approved, US$22-milli…
Strateco options Discovery
Strateco Resources (RSC-V) intends to acquire a half-interest in Campbell Resources’s (CCH-T) Discovery gold project in Quebec’s Bruneau and Desjardins twps., about 205 km southwest of Chibougamau.Str…
Golds drop on profit-taking
After several weeks of spectacular gains driven by higher bullion prices, U.S.-listed gold stocks retrenched over the report period that ended June 4.Newmont Mining fell 41 to US$31.56, AngloGold dro…
Canadian Stock Exchange Indices (June 10, 2002)
DateJune 4June 3May 31May 30May 29HighLowTSX Composite7568.027599.547656.137580.567611.91…
Spot Prices Wed. June 5, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$324.50-$0.70Silver$ 5.05+$0.14Platinum$552.00+$…
Producer and Dealer Prices (June 10, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.00-8.65/lb.Copper: Comex July US$0.786/lb.Indium: Indi…
Summo advances restructuring
Denver-based junior Summo Minerals (SMA-T) has already made great strides in its restructuring plan, first announced in early April 2002.The company has converted its debt, totalling roughly C$19 mill…
Golden Arch options Arizona gold bet
Vancouver-based Golden Arch Resources (GAI-V) has inked a deal with an Arizona-based partnership to lease the Mildred Peak property in Pima Cty., Ariz.Altar Resources Partnership gets an immediate US$…
Cordilleran syndicate stakes more ground
A trio of companies, including Franc-Or Resources (FOR-T), is exploring for gold and silver mineralization in Humboldt Cty., north-central Nevada, where the projected extentions of the Battle Mountain…
Apollo Gold successfully pursues listing
In Greek legend, Bellerophon offended the gods by trying to ride the winged horse Pegasus to heaven. More recently, anyone who tried to ride Pegasus Gold to profit incurred the wrath of the market.It …