Junior exchange charges ahead
Vancouver — The S&P/TSX Venture Index jumped 43.19 points, or 3.7%, to close the week ended May 21 at 1202.41 points.New Bullet Group was the week’s volume leader, with 2.7 million shares crossing th…
News
TSE Short Positions (May 27, 2002)
Short positions outstanding at May 15, 2002Larger individual positions includeAber Diamond 362,698 up 163,201; Agnico-Eagle 5,097,435 up 79,022; Alcan 1,219,027 up 307,302; Aurad…
Ashton finds kimberlite at Kikerk Lake (May 27, 2002)
Ashton Mining of Canada (ACA-T) has intersected a new kimberlite body on the Kikerk Lake property in the north Slave Craton region of Nunavut while drill-testing a geophysical feature just 700 metres …
The Northern Miner — Small Producers Index (May 27, 2002)
91.88 (+7.38)(Sept. 30/98 = 100)…
Exchange Rates (May 27, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 21May 20May 17May 16May 15US$ in C$1.5382Holiday1.54241.5546…
Lending Rates (May 27, 2002)
as of 4 pm ET, May 21, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.35Gold lease…
PEOPLE (May 27, 2002)
Allican — Denis Lampron appointed director and VP finance; Pierre Ouellet and Daniel Kerouac appointed directors.Aquiline — John Sutherland and David Constable appointed directors.Canabrava…
BC legislation targets exploration sector
Several amendments to British Columbia’s Mines Act and Mineral Tenure Act have been introduced under Bill 54. The changes are designed to clarify land rights and make it easier for companies for explo…
Less demand for gold
Consumer demand for gold in the first quarter was 749.5 tonnes, or 10%, lower than a year earlier, according to a survey conducted by the London-based World Gold Council.The quarter’s most striking fe…
Harmony resumes mining after day of violence
Two miners and a security guard have been injured in a violent outbreak at Harmony Gold Mining’s Kalgold mine in northeastern South Africa.Striking miners allegedly attacked the mine’s security person…
Kennecott undeterred at Rockinghorse (May 27, 2002)
Spring drilling by Kennecott Canada Exploration on 12 exploration targets at the Rockinghorse joint venture in Nunavut’s emerging Coronation Gulf district failed to intersect any new kimberlites. Howe…
Pacific Rim sets sights on La Calera
Vancouver — Having completed their merger, Dayton Mining and Pacific Rim Mining are preparing for a 7,000-metre drill program on the El Dorado gold project in El Salvador.The combined entity, which r…