Jury is out on ‘Reaganomics’
Since Ronald Reagan’s election to the august office of the presidency of the United States, the most visible contribution to the economy so far is the word “Reaganomics.”No economic dictionary carries…
News
Munk, James to enter Canadian Mining Hall of Fame
Peter Munk and William James, two of the most recognized names in mining, will be inducted into the Canadian Mining Hall of Fame.Both men will become members in recognition of their contributions to h…
Sigma suspension weighs on McWatters (November 26, 2001)
With operations suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) incurred a quarterly loss for the period ended Sept. 30.The loss amounted to $1.7 million …
Opawica execs beef up holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Birim Goldfields (BGI-T) — Denis Simoneau, director, bought 200,000 shares …
WMC rejects Alcoa bid
The board of directors of Australia’s WMC (WMC-N) has rejected a confidential approach by U.S.-based aluminum giant Alcoa (AA-N) to acquire all the outstanding shares in WMC for a A$10.20-per-share ca…
Maude Lake earns its half of Comtois ground
Montreal-based Maude Lake Exploration (MAU-V) has acquired a half-interest in 130 claims owned by Cameco (CCO-T) at the 185-claim Comtois gold property, west of Lebel-sur-Quevillon, Que.The deal was r…
Gold Funds (November 26, 2001)
Dundee Precious MetalsCentral FundNet Value$13.10$5.30Price$9.30$5.26Discount29.01…
Orezone nabs Seguenega from Repadre Capital
Toronto-based Orezone Resources (ORZ-T) has added the Seguenega gold project in Burkina Faso to its exploration portfolio in West Africa.In return for a 90% stake, Orezone issued 200,000 shares to Rep…
Fronteer samples Birch-Uchi properties
Fronteer Development Group (YFV-V) reports significant results from initial exploration of its Sandy Point and Shanty Bay properties, northeast of Red Lake, Ont.At the Sandy Point property, 22 grab sa…
Scrap recycling
The recycling business has become an increasingly important segment of the precious metals markets. It gained more attention in recent years as market participants have looked to other sources of meta…
Trading Summary (November 23, 2001)
The Oil & Gas subindex stood out again on The Toronto Stock Exchange on Friday surrendering most of Thursday’s gain…
Philex pulls plug on Bulawan
Vancouver — Low gold prices and a high debt load has Philippine producer Philex Gold (PGI-V) relying more heavily…