Diamondex explores Slave
Diamondex Resources (DSP-V) has put aside $1.2 million to explore the newly acquired Peregrine property in the north Slave Craton of Nunavut.Diamondex was among the first of about 30 companies to acqu…
News
Block J reveals more gems (February 18, 2002)
An independent sampling program funded by Afri-Can Marine Minerals (AFA-V) and Woduna Mining Holding has recovered several more diamonds from the Block J marine concession in Namibia.De Beers Marine, …
Seabridge continues shopping spree (February 18, 2002)
With the ink just drying on a deal to pick up North American Metals’ (NAM-V) Red Mountain project in northwestern British Columbia, Seabridge Resources (SEA-V) has agreed to acquire Golden Phoenix Min…
De Beers gains patch on Baffin Island
News that the Canadian exploration division of De Beers has tied up more than 28,000 sq. km in prospecting permits across northern Baffin Island could put the spotlight on Twin Mining’s (TWG-T) Jackso…
Northern Empire, Stornoway add to holdings
Under a cloak of secrecy, partners Northern Empire Minerals (NEM-V) and Stornoway Ventures (SWV) have acquired two properties totalling more than 4,000 sq. km in northern Canada.Northern Empire Presid…
Canadian Stock Exchange Indices (February 18, 2002)
DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6HighLowTSE 3007543.767604.517535.367843.437497.06…
Great Basin boosts Ivanhoe (February 18, 2002)
Vancouver — The jump in the price of the yellow metal has prompted Great Basin Gold (GBG-V) to increase the net present value forecast for the Ivanhoe property in Nevada’s Carlin trend.Based on the c…
Northern Miner Indices (February 18, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Daily Metal Prices (February 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6Aluminium1370.50/13…
Newmont enjoys robust quarter
Vancouver – The world’s largest gold miner ended 2001 on a strong note and expects 2002 to be even better.Newmont Mining (NEM-T) posted a profit of US$20.2 million (or US10 per share) in the fourth q…
Correction (February 18, 2002)
TGW Corp. (GWC-V), which is in joint venture with Virginia Gold Mines (VIA-T) at the Poste Lemoyne gold project in the James Bay area of northwestern Quebec, is listed on the Canadian Venture Exchange…
Lending Rates (February 18, 2002)
as of 4 pm ET, Feb. 12, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…