Int’l Annax teams with Aussie miner Herald
Vancouver — International Annax Ventures (IAX-V) has inked a deal with its controlling shareholder, Australian-based Herald Resources, to become its wholly owned subsidiary.According to the deal, Her…
News
Lonmin pitches tent in Sudbury camp
London-listed Lonmin has inked a deal with Wallbridge Mining (WM-T) to explore several of the company’s magmatic sulphide properties in the Sudbury basin of Ontario.The deal covers 19 projects and cal…
Silver Standard execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Aurora Platinum (ARP-V) — Michael Winn, director, exercised 37,500 option…
South Africa represented at PDAC
South Africa will have a national pavilion at the annual convention of the Prospectors & Developers Association of Canada, slated for March 10-13 in Toronto.The pavilion represents 12 mining companies…
Northern Miner Indices (February 04, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Higher spending in Quebec
Total exploration and appraisal spending in Quebec in 2001 increased by 15% to reach $119 million in 2001 (this includes $73.7 million in off-minesite spending and $45.2 million in minesite spending),…
Nevada Pacific explores South Carlin
Vancouver — Nevada Pacific Gold (NPG-V) and partner Placer Dome (PDG-T) have begun a first-phase, US$670,000 program aimed at exploring the South Carlin project in Nevada. The project is in the Carli…
NovaGold doubles Donlin Creek resource
Vancouver — NovaGold Resource (NRI-T) has expanded the resource estimate for its Donlin Creek deposit in Alaska.The measured and indicated resource has increased 92% to 4.4 million contained ounces, …
TSE reinvents itself as international bourse
In a surprise twist, the Toronto Stock Exchange took the spotlight over the Jan. 23-29 report period by announcing it was trimming its benchmark index by as many as 100 companies, based on share price…
Dare to look up
The opening month of 2002 provided a few signs that the mineral exploration business may at last be turning a corner.This year’s Cordilleran Roundup in Vancouver was the most successful in years, with…
Trading Summary (February 01, 2002)
Gaining steam over the afternoon, the Toronto Stock Exchange finished the week off with a 42.01-point gain to end a…
Stillwater gets diluted
Vancouver — Armed with a revised operating plan, North America’s largest producer of platinum and palladium has co…