Bright forecast for silver
Silver halide photography is poised to grow, according to Donald Franz, publisher of the Florida-based Photofinishing News.Demand for silver in halide-based photography and digital imaging is expected…
News
Freewest tests Clarence showing
A minimum-2,000-metre diamond drilling program is under way on a gold showing uncovered by Freewest Resources Canada (FWR-V) at its Clarence Stream property in southwestern New Brunswick.The drilling …
Stillwater boosts profits
Montana-based platinum producer Stillwater Mining (SWC-N) earned US$65.8 million in 2001 despite incuring an US$11-million restructuring charge in the fourth quarter.The US$1.68-per-share profit compa…
Seabridge continues shopping spree (February 18, 2002)
With the ink just drying on a deal to pick up North American Metals’ (NAM-V) Red Mountain project in northwestern British Columbia, Seabridge Resources (SEA-V) has agreed to acquire Golden Phoenix Min…
Imperial seeks reorganization
Vancouver — Cash-strapped Imperial Metals (IPM-T) has presented a plan of arrangement to its creditors and shareholders that would clear off $10.7 million in liabilities.Under the plan, Imperial inte…
Tiberon tables Nui Phao metallurgical study
Vancouver — Tiberon Minerals (TBR-V) has released positive results from its metallurgical study of the Nui Phao tungsten deposit in northern Vietnam.The study indicates that about 80% of the containe…
Gold, nickel prices take a tumble
Erasing gains from the previous week, gold slipped a nickel over the Feb. 6-12 report period to land at a London morning fix of US$297.40 per oz. on Feb. 13.Going along for the ride were: Barrick Gold…
Croesus eyes more ground
Vancouver — International Croesus Ventures (ICU-V) has inked a letter-of-intent with Golden Temple Mining (GTM-V) to buy seven massive sulphide properties in Mexico.The deal covers all of Golden Temp…
Trio develops Sustut copper deposit
Vancouver — Northgate Exploration (NGX-T), Doublestar Resources (DSR-V) and privately owned Procon Mining & Tunneling will jointly develop the Sustut copper deposit, 65 km north of the Kemess mine in…
Mines ministers head to Toronto
The World Mines Ministries Forum will attract hundreds of government representatives and mineral sector stakeholders from around the world.Slated for March 13-15 in Toronto, the event is timed to foll…
Wildcat buys Bissett mine
Winnipeg-based Wildcat Exploration (WEL-V) has picked up the closed Bissett gold mine, in Bissett, Man., from South African mining house Harmony Gold Mines (HGMCY-Q).Wildcat will pay $5 million up-fro…
Exchange Rates (February 18, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6US$ in C$1.59181.58981.5974…