Kinross extends Kinam offer
Kinross Gold (K-T) extended, to April 4, its offer for all of Kinam Gold’s $3.75 series B convertible preferred shares it does not already own.Kinross’s original, $16-per-share cash tender offer expir…
News
Work resumes at Mt. Kare
Vancouver — With the price of gold showing signs of life, Madison Enterprises (MNP-V) has resumed exploration of the promising Mt. Kare gold-silver property in Papua New Guinea.The latest program con…
Majescor confirms sill-like kimberlite body at Wemindji
Majescor Resources (MAJ-V) has encountered multiple shallow, sub-horizontal kimberlite sills or dykes extending over a 400-by-500-metre area of its wholly owned Wemindji property on the east side of J…
Coeur closes Martha purchase
Coeur d’Alene Mines (CDE-N) has completed the purchase of the Martha silver mine in Argentina from Yamana Resources (YRI-T).With the mine comes a 588-sq.-km land package in Santa Cruz province coverin…
Shareholders OK Dayton, Pacific Rim merger
Shareholders of both companies have overwhelmingly approved the merger of Pacific Rim Mining (PFG-T) and Dayton Mining (DAY-T), leaving the final say to the courts.Under the proposed amalgamation, Day…
Spot Prices Wed. April 3, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$304.95+$7.45Silver$ 4.70+$0.06Platinum$534.00+$…
River strikes deal for Edwards
Strike Minerals (YKS-T) has agreed to acquire the mothballed Edwards mine in Algoma, Ont.Strike paid $20,000 on signing the deal and must issue 500,000 shares to River Gold Mines (RIV-T) plus 500,000 …
Trend Mining gets Lake Owen
Idaho-based junior Trend Mining (TRDM-O) has completed an earn-in on the Lake Owen property in Wyoming, taking over a 100% interest from General Minerals (GNM-T).The property, in in southeastern Wyomi…
LME Warehouse Levels (April 08, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 2 (change from March 26 in brackets):MetalStock (tonnes)ChangeAluminium1029400(…
Exchange Rates (April 08, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 2April 1March 29March 28March 27US$ in C$1.59281.5994Holiday…
Producer and Dealer Prices (April 08, 2002)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-7.20/lb.Copper: Comex May US$0.7635/lb.Indium: Indi…
Canadian Stock Exchange Indices (April 08, 2002)
DateApril 2April 1March 29March 28March 27HighLowTSE 3007893.397888.53Holiday7851.477935.90…