Ivanhoe ups its stake in Pacific Minerals
Vancouver — Looking to get a firm foot hold in China, Ivanhoe Mines (IVN-T) plans on taking a 42.2% stake in junio…
News
Celtic eyes PNG
Vancouver — With the price of gold continuing to climb, more and more junior explorers are venturing back to the o…
Namakwa surrenders bonanza grades
Perth, Australia-based Namakwa Diamond has recovered another 1,014 diamonds from trenching on its 49-sq.-km Namakwa…
Trading Summary (September 23, 2002)
The Toronto Stock Exchange’s energy sector was the lone subindex to advance on Monday, edging up just 0.8 of a poin…
Noranda dismounts Caballo Blanco (September 23, 2002)
Noranda (NRD-T) has dropped its option to earn a 75% stake in Almaden Minerals’ (AMM-T) Caballo Blanco property on…
Amarc misses at Inde
Vancouver — A 14-hole diamond drill program by Amarc Resources (AHR-V) has returned sporadic gold values below the…
Drills rev at Tulawaka
Partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) have their drills gearing up for a new exploration progr…
Sandvik buys Mazda subsidiary
The mining and construction arm of Swedish-based Sandvik has acquired the Earth Technologies division of Japan-based Mazda.Mazda Earth Technologies makes hammers, breakers, tools and spare parts for t…
Canadian Stock Exchange Indices (September 23, 2002)
DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11HighLowTSX Composite6392.266500.616495.266516.9766…
Echo Bay restates to a loss (September 23, 2002)
Edmonton-based gold and silver miner Echo Bay Mines (ECO-T) has restated its second-quarter, per-share results to reflect a loss related to an April share offering.Under the new accounting handling, E…
BeMaX eyes Pooncarie
Australian-based BeMaX Resources has reached a deal to buy Sons of Gwalia’s 25% stake in the BIP joint venture, which controls extensive tenements in the Northern Murray Basin in New South Wales, Aust…
Queenston cuts new gold
Two of the first three diamond drill holes sunk by Queenston Mining (QMI-T) at its Kirkland Lake gold project in northeastern Ontario have cut a new zone of gold mineralization. The program is expecte…