Wanted: tax reform
Mining in Canada has undergone a profound change and is now one of the world’s most dynamic and technologically advanced industrial sectors. With its strong links to other high-tech industries, both a…
News
Correction (January 21, 2002)
In our Jan. 14-20 issue, we reported Valerie Gold had bought 5.3 million shares of Sultan Minerals, 5.1 million shares of Emgold Mining and 3.2 million shares of Cream Minerals. These are actually the…
Gold Funds (January 21, 2002)
Gold Funds as of January 10, 2002Dundee Precious MetalsCentral FundNet Value$15.00$5.86Price$10.05$5.73…
Spending up in Nfld.
Exploration expenditures in Newfoundland in 2001 totalled $25 million, up slightly from $23 million in 2000. During 2001, 15,663 claims were staked compared with 12,969 in 2000.The increase in expendi…
Song contest nets winner $500
Alex Berthelot, Jr. of Elliot Lake, Ont., has won a songwriting contest sponsored by the Canadian Mining Hall of Fame. The lyricist, who was one of more than 40 contestants, was presented with the awa…
Inmet gets $88m in Troilus case (January 21, 2002)
A British Columbia court has awarded $88.2 million to Inmet Mining (IMN-T) for breach of contract in the aborted sale of the Troilus gold mine in north-central Quebec.The decision is against Homestake…
NAME CHANGES (January 21, 2002)
Britannia Minerals (BM-V) has changed its name to Nanotek (NTK-V) on a 1-new-for-1-old-share basis.Cascade Metals (CEM-V) has changed its name to American Gold Capital (AA…
Junior stakes Otish property
The Northair Group’s Northern Empire Minerals (NEM-V) has acquired, through staking, a 77-sq.-km property in the heart of the Otish Mountains area of Quebec.The La Croix property is 35 km east of Asht…
Coal miner AfriOre goes for gold in Africa
Looking to shift gears again, metal-explorer-turned-coal-miner AfriOre (AFO-T) intends to bring another South African coal operation into production with an eye toward becoming a gold producer.The com…
Taseko closes Gibraltar financing
Vancouver — Taseko Mines (TKO-V) has an exclusive right to acquire a limited partnership that has raised $1.8 million to research technology aimed at reviving the Gibraltar copper mine, near Williams…
MOST ACTIVE ISSUES, JANUARY 9-15
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N2815220.7518.8820.60+1.90…
Base metals slump as golds soar
Retreating base metal prices dragged producers down with them over the Jan. 9-15 report period, erasing gains made in the previous week.Rio Tinto slumped $3.69 to US$76.81; Phelps Dodge flopped $1.34 …