Canada sells more gold
The government of Canada liquidated 55,000 oz. gold in December 2001 to hold 1.1 million oz. in reserve.The value of the remaining reserves is US$291 million, down from US$305 million in November 2001…
News
Global Mining Initiative
An industry conference known as the “Global Mining Initiative” will be held May 12-15 in Toronto.The event is expected to attract more than 1,000 delegates from all levels of the mining sector. They w…
NZ ships more coal
The outlook for New Zealand coal exports is bright.Solid Energy, a Christchurch-based coal company, expects to set a record for the fiscal year ending June 30, 2002, with forward orders projected to i…
Aurora finances work in Ontario
Aurora Platinum (ARP-V) has topped its treasury with a $1-million brokered financing by Haywood Securities.The Vancouver-based junior is exploring for nickel-copper-platinum group metal deposits in On…
Carlson Mines delisted, now a shell
I am looking for information on Carlson Mines. Does this company still exist? Can you share with me the latest information pertaining to it?Richard Spooner, OttawaCarlson Mines, originally incorporate…
Alcoa posts first quarterly loss in eight years
Alcoa was the first out of the blocks among the majors in 2002 with its quarterly financials, and the results were less than stellar.Suffering a special after tax-charge of US$241 million (US28 per s…
Mixed opening for 2002
Base metals enjoyed a mixed opening to the new year (report period Jan. 2-4). Two of the less-fashionable metals, lead and zinc, saw sizable mid-week rallies and closed strongly on Jan. 4. In contrast…
Placer joins Minefinders in Argentina
Placer Dome (PDG-T) has agreed to earn up to a 70% interest in Minefinders’ (MFL-T) 35-sq.-km El Malacate project, part of the larger Northern Sonora property in Mexico.Placer can earn a 51% stake by …
Harmony makes cash offer for Hill 50
With the Normandy, Newmont and AngloGold takeover saga commanding the market’s attention, South Africa’s Harmony Gold Mining (HGMCY-Q) is taking a run at Australia’s Hill 50 Gold, which last year prod…
Wayside misses Mosquito payment (January 14, 2002)
Vancouver — International Wayside Gold Mines (IWA-V) has failed to make a required $100,000 payment to Mosquito Consolidated Gold Mines (MSQ-V) and, as a result, has lost its right to earn a 100% sta…
MOST ACTIVE ISSUES, JANUARY 2-8
ExchgVol(000s)HighLowCloseChangeAlcoa*N1708238.5835.3637.34+1.79…
Cdn. Royalties raises $800,000
Proceeds from an oversubscribed private placement of flow-through shares will enable Canadian Royalties (CZZ-V) to explore its 80%-optioned Expo-Ungava project and wholly owned Phoenix prospect in the…