Canadian Stock Exchange Indices (April 29, 2002)
DateApril 23April 22April 19April 18April 17HighLowTSE 3007717.847814.257899.627818.117868.10…
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Northern Miner Indices (April 29, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Last-minute proposal may stop strike at Kemess
Vancouver — Just days after 300 employees at the Kemess gold-copper mine in northern British Columbia filed strike notice, Northgate Exploration (NGX-T) reached a tentative deal for a 3-year collecti…
McCuaig yields high-grade
Vancouver — A 6,300-metre drill program at the McCuaig project, in Ontario’s Red Lake gold district, has returned encouraging values for partners Rubicon Minerals (RMX-V) and Golden Tag Resources (go…
Bright Star targets platinum prospect
Vancouver — Bright Star Ventures (BSV-V) has outlined exploration targets on its 49-sq.-km Tulameen platinum project in the Cascade mountains of southwest British Columbia, about 26 km northwest of P…
Majors come up empty in Otish Mountains
The Canadian diamond division of BHP Billiton (BHP-N) has failed to turn up any significant results following a first round of drilling that tested 18 various pipe-like geophysical anomalies on Majesc…
Aurizon turns to Casa Berardi for growth
Aurizon Mines (ARZ-T) continued to pile up losses during 2001 as it wound down existing operations and turned its attention to developing the promising Casa Berardi project in nortwestern Quebec.For 2…
Uranium Power targets basement rocks for oil
Vancouver — Uranium Power (URMP-C) is searching for oil under the Athabasca Oil Sands near Fort McMurray, in northern Alberta.The Athabasca Oil Sands deposit is the world’s largest hydrocarbon deposi…
Suncor expands with Project Millennium
Suncor Energy (SU-T), Canada’s third-largest integrated oil company, is in the midst of a massive expansion of its Oil Sands operation, north of Fort McMurray, Alta., a move that should see the compan…
Oil sands spell self-sufficiency for Canada
The recoverable portion of Canada’s crude bitumen resources, a black tarry hydrocarbon that coats the sands and carbonate sedimentary formations in the Athabasca, Cold Lake and Peace River regions of …
Insiders bask in hot resource sector
Recent insider trading transactions reported by the Ontario Securities Commission include the following:- Barrick Gold (ABX-T) — Brian Mulroney, director, exercised 237,500 options indirectly at $22….
Carlin trend produces 50-millionth oz.
The Carlin trend in Nevada has joined such venerable gold camps as Timmins, Ont., South Africa’s Witwatersrand and Uzbekistan’s Muruntan as the latest in the world to produce 50 million oz. gold.The t…