Obituary – Ian Bayer
Ian Bayer, former president and chief executive officer of Battle Mountain Gold and Hemlo Gold Mines, has died. He was 62.Bayer was born in Sydney, N.S., in 1939 and graduated from Acadia University. …
News
Dundee boosts stake in Major Drilling
Investment firm Dundee Precious Metals (DPM-T) has acquired 300,000 shares of Moncton, N.B.-based Major Drilling Group International (MDI-T) at $3.76 per share. As a result, Dundee nows holds an 11.8%…
News – 13-AUG-01
Affinity group fraud
Among the more notorious scams that occurred in Arizona was a 1980s scheme centred on operations at a suspect gold mine near Rich Hill, northwest of Wickenburg. Phoenix-based Tracon International sold…
Placer’s Cristinas deal stirs up controversy
Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…
Mining index leads rally for CDNX
Trading on Canada’s junior exchange perked up during the holiday-shortened week. The Canadian Venture Exchange composite index closed the period ended Aug. 7 at 3098.27, up 35.26 points (or 1.1%). The…
The Northern Miner — North American Mining Index (August 13, 2001)
69.06 (-1.05)(Sept. 30/98 = 100)…
Twin cuts pipe at Jackson Inlet
Drilling on the Jackson Inlet property at Baffin Island in Nunavut has uncovered a kimberlite known as Cargo 1.Twin Mining (TWG-T) recovered 83.2 metres of kimberlite from the first hole drilled into …
The Northern Miner — Small Producers Index (August 13, 2001)
44.81 (-0.65)(Sept. 30/98 = 100)…
Kinross improves bottom line
Although still mired in the red, Kinross Gold (K-T) has lessened the load by increasing production and lowering cash costs at all of its primary operations.Losses in the three months ended June 30 tot…
Tri Origin starts program Rex changes accounting policy
Tri Origin Exploration (TOE-V) is testing the Kazan copper-gold project 70 km south of Baker Lake in Nunavut, for its potential to host copper-gold deposits similar to Australia’s famous Olympic Dam m…
Juniors busy in Ontario
Vancouver-based Tres-Or Resources (TRS-V) has added 837 claims to its existing 900-claim package east of Martin River, in the Sudbury region of Ontario.The properties are believed to be prospective fo…