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…
News
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 …
PT Inco squeaks out quarterly profit
Higher nickel-matte output by Inco’s (N-T) 59%-owned Indonesian subsidiary PT Inco helped offset a sharp drop in realized nickel prices during the first quarter.Situated on the island of Sorowako, PT …
Breakwater improves
With zinc prices coming off record lows, Breakwater Resources (BWR-T) is starting to produce more.During the first three months of 2002, the company produced 60,470 tonnes zinc in concentrate, up 15% …
Teck Cominco faces fine
Vancouver — The Workers’ Compensation Board (WCB) has fined Teck Cominco (TEK-T) $270,000 for an accident last year at its Trail lead smelter, in British Columbia, in which workers were exposed to to…
Exchange Rates (April 29, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 23April 22April 19April 18April 17US$ in C$1.57521.57281.5719…
Eldorado expands zone at Kisladag
Vancouver — The first 20 holes of a recently completed 29 hole drill program on Eldorado Gold’s (ELD-T) Kisladag project in west-central Turkey has expanded the area of known mineralization.Designed …
Exploration continues at Kidd Creek
Texasgulf will undertake a major exploration program this year in the vicinity of its Kidd Creek mine in northern Ontario. This follows in the wake of its recent discovery of zinc-lead-silver minerali…