Northern Miner Indices (March 25, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2…
News
Cambior closes financing (March 25, 2002)
Regulators have approved of Cambior’s (cbj-t) issuance of 21.3 million units to raise $27.75 million. Consequently, the company now has 126.2 million shares outstanding.Cambior completed the deal earl…
US industrial growth boosts prices
METALS COMMENTARYGrowth in U.S. industrial production accounts for the price increases seen throughout the first quarter and indicates that business fundamentals in that country have responded well to…
CIM talk to focus on Pogo gold project Image
The Pogo gold project in Alaska will be discussed at a gathering of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleum on March 27.Teck Cominco intends to develop the p…
Vannessa eyes Crucitas construction (March 25, 2002)
Vancouver-based Vannessa Ventures (vvv-v) has submitted an environmental impact study (EIS) for the Crucitas gold project in Costa Rica. Approval of the study by that country’s government is required …
Atna builds on Cerro Negro’s potential
Junior Atna Resources (atn-t) has an option to acquire the large Cerro Negro copper-oxide deposit in northern Chile from a Chilean subsidiary of Phelps Dodge (pd-n).The deal calls for Atna to make esc…
NovaGold tables Donlin study
An independent scoping study of the Donlin Creek gold deposit in Alaska has convinced NovaGold Resources (nri-t) to spend an additional $8 million on infill and delineation drilling.NovaGold can earn …
Junior sector improves
FACTS ‘N’ FIGURES/PDACThe health of this country’s junior mining sector improved steadily in 2000 and 2001, according to an annual survey by the Prospectors & Developers Association of Canada. More co…
Quebec yields new diamond target
A potential diamond property has been reported in the Lac Bienville region, 460 km north of Chibougamau.Two grains of chrome-rich picroilmenite were identified in the region during an esker sediment r…
TSE rises again, but producers end mixed
TORONTO STOCK EXCHANGERiding the wave of positive economic news, the Toronto Stock Exchange 300 index climbed 70.74 points over the March 13-19 report period to finish the week at 7,936.88.Not so for …
TSE Rights and Warrants
Dundee Precious Metals — Wt buys C1 A sh @ $25.00 to Feb 20/04.Franco Nevada — Wt buys 4 sh @ $200.00 to Sep 15/03.Goldcorp — Wt buys C1 A sh @ $20.00 to May 13/09.Inco Lt…
Caldera options out Tabletop’s base metals (March 25, 2002)
Australian-listed West Musgrave Mining has signed an option deal to acquire up to a 70% stake in the base metal portion of Caldera Resources’s (cdr-t) Tabletop project in Western Australia.The option …