Ashton hits apparent kimberlite at Otish
Ashton Mining of Canada (ACA-T) has intersected what appears to be kimberlite in the first hole of a drilling program in the Otish Mountains region of north-central Quebec.A vertical hole drilled into…
News
Gold Fields to buy WMC’s gold mines
Consolidation in the gold sector continues apace, with South Africa’s Gold Fields (GOLD-Q) striking a deal to buy WMC’s (WMC-N) St. Ives and Agnew mines in Western Australia.Gold Fields will pay US$18…
Market selloff looks ephemeral
The pancake collapse of the towers of the World Trade Center was mimicked by the stock markets of the industrialized world.The panic that gripped the world’s bourses in the week following the terroris…
NAME CHANGES (October 01, 2001)
Icelandic Gold (YCE-V) has changed its name to PGM Ventures (YPG-V) on a 1-new-for-1-old share basiCanada Fluorspar (CFI-V) has changed its name to Continental Ridge Resources…
Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…
China and NWMA sign agreement
The Northwest Mining Association (NWMA) and the China National Coal Association (CNCA) have signed a memorandum of understanding at the National Institute of Occupational Safety and Health (NIOSH) in …
Falco, Impala join MacDonald at Casson (October 01, 2001)
MacDonald Mines Exploration (MMP-V) has reached an agreement-in-principal with Falconbridge (FL-T) and Impala Platinum to create a joint venture for the purpose of exploring the Casson Lake pla…
Ivanhoe Mines tops up treasury
With another US$5 million in the till, Ivanhoe Mines (IVN-T) is well-financed to continue exploring for gold and other metals in Southeast Asia.The junior is exploring a gold-copper-molybdenum porphyr…
US indicators depress prices
Although some metals prices have started to show signs of nervous volatility as prices test new lows, the risks to the downside remain in place.Economic expectations for the performance of the U.S. ec…
Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
Exchange Rates (October 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19US$ in C$…
Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…