Miramar hits targets despite setback
Vancouver — During the first quarter, Miramar Mining’s (MAE-T) operations at Yellowknife, N.W.T., were well on their way to establishing a solid base for a productive year. However, the temporary sus…
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Insiders bask in hot resource sector
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Barrick Gold (ABX-T) — Brian Mulroney, director, exercised 237,500 options indirectly at $22….
Uranium Power targets basement rocks for oil
Vancouver — Uranium Power (URMP-C) is searching for oil under the Athabasca Oil Sands near Fort McMurray, in northern Alberta.The Athabasca Oil Sands deposit is the world’s largest hydrocarbon deposi…
Aurizon turns to Casa Berardi for growth
Aurizon Mines (ARZ-T) continued to pile up losses during 2001 as it wound down existing operations and turned its attention to developing the promising Casa Berardi project in nortwestern Quebec.For 2…
Majors come up empty in Otish Mountains
The Canadian diamond division of BHP Billiton (BHP-N) has failed to turn up any significant results following a first round of drilling that tested 18 various pipe-like geophysical anomalies on Majesc…
Bright Star targets platinum prospect
Vancouver — Bright Star Ventures (BSV-V) has outlined exploration targets on its 49-sq.-km Tulameen platinum project in the Cascade mountains of southwest British Columbia, about 26 km northwest of P…
McCuaig yields high-grade
Vancouver — A 6,300-metre drill program at the McCuaig project, in Ontario’s Red Lake gold district, has returned encouraging values for partners Rubicon Minerals (RMX-V) and Golden Tag Resources (go…
Last-minute proposal may stop strike at Kemess
Vancouver — Just days after 300 employees at the Kemess gold-copper mine in northern British Columbia filed strike notice, Northgate Exploration (NGX-T) reached a tentative deal for a 3-year collecti…
Northern Miner Indices (April 29, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Canadian Stock Exchange Indices (April 29, 2002)
DateApril 23April 22April 19April 18April 17HighLowTSE 3007717.847814.257899.627818.117868.10…
Golds advance in slumping TSE
The Toronto Stock Exchange started the trading period April 17-23 strongly but lost ground steadily after the weekend. The TSE 300 composite index fell 123.73 points to 7,717.84, finishing 1.6% behind…
CDNX gains on moderate volume
Canada’s junior exchange moved higher on moderate volume over the week ended April 23. The Standard & Poor’s-CDNX composite index tacked on 8.91 points, or 0.7%, to close at 1,164.08.Goldminco topped …