Deal reached at Noranda’s aluminum division
With more than 500 workers walking the picket lines at its Horne copper smelter in Rouyn-Noranda, Que., Noranda (nrd-t) has announced that employees at its aluminum primary products division voted 63%…
News
Forum addresses Chinese mining
Improving the investment climate and sustainable development in China will be among the topics addressed at China Mining 2002, a conference slated for Oct. 21-23 in Chongqing, in South Sichuan provinc…
Rubicon boosts Red Lake gold portfolio (July 01, 2002)
Vancouver — Junior Rubicon Minerals (RMX-V) has inked a deal with a two private companies to acquire the McFinley Mine gold project in the prolific Red Lake camp of northwestern Ontario.The company m…
Imperial launches drilling at Sterling (July 01, 2002)
Vancouver — Imperial Metals (III-V) has begun follow-up exploration drilling at the Sterling gold mine property in southwestern Nevada.The program is designed to test the extent and continuity of the…
Regional exploration turns up new prospects at Hope Bay
Cashed up after a $30-million financing, Miramar Mining (MAE-T) has found a number of new targets to use the money on after a regional exploration program on its Hope Bay project in Nunavut.The Hope B…
Golden Goose outlines Magino deposit
Vancouver — Golden Goose Resources (GGT-V) has tabled encouraging results from a drill program on its Magino mine property, near Wawa, Ont.The program was designed to test potential of areas of miner…
TVX consolidates shares
Shareholders of TVX Gold (TVX-T) have overwhelmingly agreed to a 10-for-1 share consolidation.More than 97% of shareholders voted in favour of the consolidation at the company’s annual meeting in mid-…
Meridian extends offer
With nearly 94 million shares, or about 81% of the company’s issued share capital already tendered, Meridian Gold (MNG-T) has extended its offer for shares of London-listed Brancote Holdings until Jul…
Spot Prices Wed. June 26, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$324.60+$2.75Silver$ 4.85-$0.05Platinum$551.00-$…
Gold Funds (July 01, 2002)
Gold Funds as at June 20, 2002Dundee Precious MetalsCentral FundNet Value$25.06$5.96Price$18.64$6.55…
Lending Rates (July 01, 2002)
as of 4 pm ET, June 25, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.87LIBOR US$ 6-month1.97LIBOR US$ 1-year2.34Gold lease 3-month0.32Gold leas…
Voisey’s Bay clears final hurdle (July 01, 2002)
The Labrador Inuit Association and the Innu Nation, two of Labrador’s aboriginal groups, have voted to accept impacts-and-benefits agreements with Inco (N-T) regarding development of the Voisey’s Bay …