Consolidation revisited
Whatever we may have been told, consolidation in the gold industry isn’t finished. Placer Dome’s A$2-billion offer to take over Aurion Gold is proof enough of that.But the scale of that bid, following…
News
News – 03-JUN-02
Cumberland fills pockets
With gold on the move, Cumberland Resources (CBD-T) has arranged a $10.4-million bought deal with Canaccord Capital, which has agreed to buy 4 million units priced at $2.60 apiece.A unit consists of o…
BHP continues copper cuts
Vancouver — Responding to weak demand for copper, BHP Billiton (BHP-N) says it will extend production cuts at the Escondida and Tintaya operations in Chile and Peru, respectively.In November 2001, th…
Kennecott comes up empty at Jericho
Kennecott Canada Exploration unsuccessfully tested 20 exploration targets during spring drilling at Tahera’s (TAH-T) wholly owned Jericho diamond project in Nunavut.A number of kimberlite indicator mi…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
Miramar, Hope Bay complete merger
With the merger of Miramar Mining (MAE-T) and Hope Bay Gold now a done deal, the new Miramar is confident its 100% ownership of the Hope Bay project in Nunavut will provide the platform for growth.The…
The Northern Miner — Small Producers Index (June 03, 2002)
97.52 (+5.64)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (June 03, 2002)
92.43 (+2.83)(Sept. 30/98 = 100)…
Canadian Stock Exchange Indices (June 03, 2002)
DateMay 28May 27May 24May 23May 22HighLowTSX Composite7660.587667.037667.757725.087638.38…
Exchange Rates (June 03, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 28May 27May 24May 23May 22US$ in C$1.53021.53451.53481.5335…
Trading Summary (May 31, 2002)
The S&P/TSX Composite Index rebounded to the tune of 75.57 points or 1% to end the week at 7,656.13 points. Save fo…