Canico proves up Brazilian target
Vancouver — Initial results from an ongoing 11,000-metre drill program have enhanced the economic potential of the Ona-Puma nickel laterite project in northern Brazil.Canico Resource (CNI-V) tabled …
News
Fording morphs to foil takeover
Rather than submit to a $1.5-billion takeover bid by the Sherritt Coal Partnership II or attempt to lure competing bids, Fording (FDG-T) has announced plans to reorganize itself into an income trust.O…
Aurogin aims to advance Nova Scotia bulk-tonnage prospect
With a new president at the helm, Aurogin Resources (AUQ-V) has picked up an option on a potential open-pit gold project in the Moose River area of central Nova Scotia.The appointment of John Paterson…
Daily Metal Prices (October 28, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16Al Alloy1250/126…
Anglo extends Boyongan
Vancouver — Delineation drilling on the Boyongan prospect in the Philippines continues to churn out impressive copper-gold values.Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) have six rig…
The Northern Miner — Small Producers Index (October 28, 2002)
64.01 (-2.79)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (October 28, 2002)
68.43 (+2.99)(Sept. 30/98 = 100)…
Exchange Rates (October 28, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 22Oct. 21Oct. 18Oct. 17Oct. 16US$ in C$1.56791.56741.57211.5…
Spot Prices Wed. October 16, 2002 (October 28, 2002)
Precious MetalsPrice (US$/oz.)ChangeGold$313.40-$0.60Silver$ 4.41+$0.09Platinum$580.00-$…
Cambior profits from higher gold prices (October 28, 2002)
Riding higher gold prices, Cambior (CBJ-T) managed to post a tidy profit for the three months ended Sept. 30 — its first quarterly profit since the last three months of 2001.Third-quarter earnings am…
MacDonald exec takes a loss
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aur Resources (AUR-T) — Jorge Carey, director, bought 44,500 shares indirectly at US$2.15 or …
Junior explores near Tulawaka
Junior Exploration Minires du Nord (MDN-T) has begun a soil geochemical survey over two newly acquired permits in the Lake Victoria Goldfields district of Tanzania.Minires can earn 90% interests in …