PEOPLE (March 18, 2002)
Falconbridge — Derek Pannell appointed president and CEO.Gabriel — Ronald Grossman, Ovidiu Tender and Frank Wheatley appointed directors.Hawkeye — George Poling appointed advisor to th…
News
Analysts weigh in on Gabriel
Bay Street analysts are getting behind Gabriel Resources (GBU-T) in a big way, as the junior unveils a revised feasibility study for its 80%-owned Rosia Montana gold project in Romania.Late last year,…
Almaden, Santoy find little sun at Tropico
An initial drill program at the Tropico polymetallic property in western Mexico has cut wide swaths of low-grade sulphide mineralization for partners Almaden Minerals (AMM-T) and Santoy Resources (SAN…
Anaconda squeezes Sherritt’s earnings (March 18, 2002)
Aussie laterite nickel miner Anaconda Nickel, engaged in talks with bond holders amid fears it may default on a US$420-million bond series, announced a large half-year loss that was echoed on the book…
Camorra results cap good year for Hecla
Exploration drilling at the La Camorra mine in Bolivar state, Venezuela, suggests Hecla Mining (HL-N) may find additional high-grade resources at depth.A deep drill hole and a hole wedged off from it …
Greek bombshell sinks TVX (March 18, 2002)
Massive writedowns eroded an otherwise profitable year for TVX Gold (TVX-T).The gold miner lost US$227.9 million (or US$1.24 per share) in 2001 on revenue of US$158.3 million, compared with earnings o…
MOST ACTIVE ISSUES, MARCH 6-12
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N1956925.4322.8024.21-0.34…
GREATEST VALUE TRADED, MARCH 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N71720639.7537.7838.92+0.49…
Exchange Rates (March 18, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 12March 11March 8March 7March 6HighLowUS$ in C$…
Manhattan feasibility on schedule (March 18, 2002)
Vancouver — A review of the mineral inventory at the TG-1 deposit on the Tambo Grande property in northern Peru has resulted in a 5% jump in contained copper in the sulphide part and a 4% drop in con…
Province closes lands to prospectors
The Ontario government has drawn a line in the sand, and around 378 park areas protected under the province’s Living Legacy program. Those lines will prohibit prospectors from staking claims within th…
Orezone proposes to Coronation International
Determined to boost its exploration portfolio, Orezone Resources (ORZ-T) has inked a merger deal with London-listed Coronation International Mining.Orezone must raise $2 million before the merger take…