Market takes big plunge
Denver — The Dow Jones industrial average plunged 570.04 points, or 5.5%, over the report period ended March 20 to close at 9720.76, its lowest level in two years, while the Nasdaq tumbled 7.8%. Much…
News
Clarence Stream results buoy Freewest Resources
Freewest Resources Canada (FWR-M) reports encouraging drill results at its Clarence Stream gold property in southwestern New Brunswick.The wholly owned property, 70 km southwest of Fredericton, has so…
Fernie to host mine rescue
Fernie, B.C. will again host the North West Regional Mine Rescue Competition, scheduled for Sept. 14-15.This marks the fifth time the city has hosted the biennial competition.Teams from as far away as…
African operations bolster Crew’s earnings
Vancouver — Reflecting strong growth at its South African operations, Crew Development (CRU-T) posted net earnings of $1.41 million (or 1 per share) for the six months ended Dec. 31, 2000.The compan…
New faces grace Wheaton River’s board
Denver — A restructured board of directors and a $5.5-million private placement are designed to boost the financial prospects of Wheaton River Minerals (WRM-T).The private placement is with Endeavor …
Orezone ties on to Sadiola
Ottawa-based Orezone Resources (ORZ-T) has picked up an option on the Kantela property, which adjoins the producing Sadiola Hill gold mine in western Mali.The deal, with a private syndicate, gives the…
Ontario unveils map database
A database financed by the Ontario government promises to improve access to information about mining lands tenure.CLAIMaps II provides information and maps via the Internet, and, as its name implies, …
Eastmain and Soquem boost Clearwater resource
Partners Eastmain Resources (ER-T) and Quebec-government-owned Soquem have upped the resource estimate of their jointly held Clearwater (or Eau Claire) gold property in the James Bay region of northwe…
Expatriate steps up exploration
Vancouver — Expatriate Resources (EXR-V) will spend $3 million to advance the Finlayson polymetallic project, in the Yukon, to the final feasibility stage.The project comprises the Kudz Ze Kayah depo…
Trade war affects mining The march of folly
This newspaper really missed the Brazilian Ministry of Mines and Energy at the recent annual convention of the Prospectors & Developers Association of Canada, and not merely because we felt the absenc…
Exchange Rates (March 26, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 20March 19March 16March 15March 14…
Canadian Mine Show a hit at PDAC
“It was pretty fun.”Those were the words of 9-year-old Angela Reid of Scarborough, Ont., after touring the Great Canadian Mine Show, which made its debut at the recent convention of the Prospectors & …