Canadian Stock Exchange Indices (November 26, 2001)
DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14HighLowTSE 3007381.217422.757315.307262.917349.45…
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Northern Miner Indices (November 26, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Campbell renews exploration efforts at Joe Mann
Campbell Resources (CCH-T) is hoping that a new round of exploration and development work, now under way at its Joe Mann gold mine near Chibougamau, Que., will lead to a longer life once commercial op…
Northern Orion drops South African gold deal
Northern Orion Explorations (NNO-T) has dropped a deal to acquire Ditchburn Management, which holds a 12-month option to acquire up to a 90% interest in President Steyn Gold Mines of South Africa.Nort…
Northgate expands Kemess North project
Vancouver — Drilling has enabled Northgate Exploration (NGX-T) to expand inferred resources at its Kemess North project, 7 km north of the Kemess South gold-copper mine in western British Columbia.Ke…
Copper-gold find sparks interest in Aussie markets
Australian-listed Minotaur Resources and partner BHP Billiton (BHP-N) have discovered what could be a significant Olympic Dam-style copper-gold deposit in the Mt. Woods area of South Australia.Minotau…
Hedgers battle non-hedgers
Normandy Mining’s board of directors has recommended shareholders accept the takeover bid made by Newmont Mining.Newmont arrived in mid-November as a white knight to outbid AngloGold, which had offere…
Age of BC ‘blondes’ clarified
I read with interest the commentary by David Lefebure regarding platinum group element potential in British Columbia (T.N.M., Nov. 12-18/01) and would like to comment on one item.In describing the cop…
Long-term outlook good for platinum group metals: book
Over the next 10 years, palladium prices will decline while platinum will reclaim its price superiority.That’s among a host of predictions offered in Platinum Group Metals: World Resources, Economics …
Gov’t hints at GSB cuts
The government of British Columbia is considering cutting or reassigning a large part of the staff of the province’s Geological Survey Branch.Energy and Mines Minister Richard Neufeld said in a televi…
Diamondex gains ground
Randy Turner’s Diamondex Resources (DSP-V) has struck an agreement to acquire a 70% interest in the Peregrine property in Nunavut.Situated in the emerging Coronation Bay kimberlite camp, 520 km north …
Ashton boosts offering to $8m
Higher-than-expected demand for a $3-million brokered flow-through financing priced at a $1.10 per unit has led Ashton Mining of Canada (ACA-T) to raise an additional $1 million under the same terms.A…