Canadian Stock Exchange Indices (December 31, 2001)
— 52-week –DateDec. 25Dec. 24Dec. 21Dec. 20Dec. 19High…
2001
Yukon extends tax credit
The Yukon government has extended its mineral exploration tax credit by one year to April 1, 2003. The announcement was made at the Yukon Geoscience Forum in Whitehorse.The credit is a refundable corp…
Rio Tinto drops Mogote
London-based Rio Tinto (RTP-N) has decided to drop its option to earn up to a 70% interest in IMA Explorations’ (IMR-V) Mogote copper-gold property in Argentina’s San Juan province.The major had an op…
Newmont drops RDN (December 31, 2001)
Vancouver — Disappointing results from a second round of drilling on the RDN gold-silver property in northern British Columbia have prompted Newmont Mining (NEM-N) to stop its work program.The proper…
News – 31-DEC-01 (December 31, 2001)
More funding for OPA
The Ontario government will provide more than $3 million, through the Northern Ontario Heritage Fund Corporation (NOHFC), to finish restructuring the Ontario Prospectors Association (OPA).In November …
Geomaque restructures, gets new board (December 31, 2001)
A financial restructuring at Geomaque Explorations (GEO-T) will see the company’s principal lender get a large net cash-flow interest on the Vueltas del Rio gold mine in Honduras.Geomaque reached an a…
Can things get better? The view from the trough
The year 2001 may go down as the year we were paid back for the financial excesses of the 1990s.Recession is biting the North American economies, Continental Europe is feeling the first nibbles, and t…
Northgate financing will advance Kemess North project
Vancouver — Northgate Exploration (NGX-T) is attempting to raise $140 million through equity financing and recapitalization. A portion of the funds would be applied to the Kemess North project in nor…
PEOPLE (December 31, 2001)
AMT International — Karine Simoes and Dora Santschi appointed directors.Boulder — Nelson Baker appointed vice-president exploration and John Magee appointed vp corporate development.Crew Developm…
Sulliden’s drills stall at Mario (December 31, 2001)
Nearly out of cash, Sulliden Exploration (sue-t) has suspended a 3,500-metre drilling campaign on the Mario base metal property, 50 km southwest of Huancayo, Peru.Sullivan had drilled about 1,553 metr…
Xenolix to buy back shares
An agreed settlement in an administrative action by the Arizona Corporations Commission will require precious-metal “nanotechnology” company Xenolix Technologies (xtci-o) to buy back shares from some …