Diagem merges with EAG
Shareholders of Diagem International Resource (DGM-V) and Emerging Africa Gold (YEG-V) have agreed to merge the companies, creating a stronger, junior explorer focused on diamonds.Shareholders of Emer…
News
Black Swan explores Brazil
The first phase of drilling is under way on claims held by Black Swan Resources (BSW-T) along the Santo Antonio do Bonito River in Brazil. The drilling, in conjunction with a program of geophysical su…
Twin heads back to Jackson Inlet
Twin Mining (TWG-T) has approved a $1.7-million first phase of exploration for the Jackson Inlet diamond property in Nunavut.The program will include ground magnetometer surveying, soil sampling, grav…
Partners recover gems from K5 kimberlite
Drilling has yielded diamonds from the K5 kimberlite body at the Aredor concession in Guinea, reports Trivalence Mining (TMI-T).In December, partner Rio Tinto (RTP-N) drilled three reverse-circulation…
Sudbury Contact, JML hunt in Timiskaming
Ongoing geophysical surveys mark the return of Sudbury Contact Mines (SUD-T) to its Timiskaming diamond exploration project, an effort it suspended in 1996.Sudbury Contact is doing about 4,500 km of h…
Northern Miner Indices (June 17, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…
Daily Metal Prices (June 17, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 11June 10June 7June 6June 5Aluminium1372/1394…
Voisey’s deal, 3-way merger highlight trading
The report period ended June 11 was a blockbuster, with two major corporate developments taking place in the Canadian mining sector.In the first, after almost six years of haggling and weeks of substa…
Gold bulls bank profits
Vancouver — Canada’s junior exchange lost ground over the report period ended June 11 as investors took profits in junior gold stocks and found renewed interest in diamond explorers. The Standard & P…
Canadian Stock Exchange Indices (June 17, 2002)
DateJune 11June 10June 7June 6June 5HighLowTSX Composite7398.837460.717478.577498.857547.93…
Juniors expand South African diamond play
Partners Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have inked letters of intent to acquire three more alluvial diamond properties in the Ventersdorp district of South Africa.The f…
Gold majors sink as bullion retreats
As gold slipped back below US$320 per oz., the major U.S.-listed gold companies all saw steep selloffs during the period ended June 11: Newmont Mining plummeted $2.56 to US$29; AngloGold fell back $3….