Saskatchewan halves fees
Recording fees for mineral permits in Saskatchewan will be cut in half to 15 from 30 per hectare in order to encourage exploration.In addition, cash deposits for new permits will be reduced to $15,0…
News
Canaccord sees recovery ahead in 2002
With the U.S. economy offically in recession, Canaccord Capital base metals analyst Roger Chaplin is already looking to a turnaround that should propel base metal prices and stocks higher in the year …
MAC cited for reporting standards
The Mining Association of Canada (MAC) has been cited for its high standards in reporting on the industry’s reduction of greenhouse gas (GHG) emissions.The acknowledgment was made by the Ottawa-based …
Land-use planning in BC
The government of British Columbia has changed its approach to the Land and Resource Management Planning (LRMP) process, and as a result, the province’s mining industry has returned to the land-use pl…
AngloGold sweetens bid, offers Barrick indirect role (January 07, 2002)
A proposed alliance with Barrick Gold (ABX-T) has provided AngloGold (AU-N) enough elbow room to raise its bid for Normandy Mining (NDY-T).The South African miner is now offering A30 per sh…
Exchange Rates (January 07, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 1Dec. 31Dec. 28Dec. 27Dec. 26US$ in C$Holiday1.59261.59…
Comtois grades confirmed
Results are in from the three latest holes by Maude Lake Exploration (MAU-V) on the Colline de l’ouest zone on the Comtois gold property, west of Lebel-sur-Quevillon, Que.Hole 82 cut 11.2 metres (from…
LME Warehouse Levels (January 07, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 28/01 (change from Dec. 21 in brackets):MetalStock (tonnes)ChangeAluminium819175…
Spot Prices Wed. January 2, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$278.10-$0.80Silver$ 4.59+$0.10Platinum$481.00+$…
Northern Miner Indices (January 07, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…
Lending Rates (January 07, 2002)
As of 4 pm, Dec. 31, 2001 (%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75…
CDNX starts 2002 on bullish note
Vancouver — Canada’s junior exchange kicked off 2002 with a holiday rally led by junior explorers. The Standard and Poor’s-Canadian Venture Exchange Composite Index jumped 58.1 points, or 5.9%, and c…