Coeur d’Alene buys Martha
A deal with Yamana Resources (YRI-T) will see Coeur d’Alene Mines (CDE-N) acquire the high-grade Martha underground silver mine on the Bacon property in the southern Patagonia region of Argentina.In r…
News
The Northern Miner — North American Mining Index (March 11, 2002)
78.99 (-1.15)(Sept. 30/98 = 100)…
Newmont to grab remaining Normandy shares
Having acquired more than 90% of Normandy’s outstanding shares, Newmont Mining (NEM-N) plans to exercise its rights under Australian law and acquire all the shares of Normandy it does not already own….
Jonpol nabs Red Lake ground
Junior Jonpol Explorations (JON-T) has acquired a small gold property in the Red Lake area of northern Ontario.The Toronto-based company paid $14,000 and must pay an additional $50,000 by 2004. The ve…
NAME CHANGES (March 11, 2002)
International Riley (IRR-V) has changed its name to Wind River Resources (WRR-V) on a 1-new-for-5-old-share basis.Island-Arc Resources (IAR-V) has changed its name to Island Arc Exp…
US manufacturing data point to rebound in prices
In light of much-better-than-expected manufacturing data from the U.S. and Europe, which pushed base metals prices to strong closes at the end of the report period Feb. 25-March 1, the short-term risk…
OPA holds mineral symposiums
Two regional chapters of the Ontario Prospectors Association are planning mineral exploration symposiums in mid-April.The 2002 Northwestern Ontario Minerals Symposium is scheduled for April 9 and 10 a…
Lending Rates (March 11, 2002)
as of 4 pm ET, Mar. 5, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.92LIBOR US$ 6-month2.09LIBOR US$ 1-year2.59Gold lease 3-month0.62Gold lease…
CanAlaska enters Otish Mountains foray
In an effort to turn up targets for ground follow-up work, Harry Barr’s CanAlaska Ventures (CVV-V) has been flying magnetic geophysical surveys over its main holdings in the Otish Mountains area of Qu…
Ashton defines Buffalo Hills deposit
Delineation drilling by Ashton Mining of Canada (ACA-T) at the Buffalo Hills project in Alberta indicates that the prospective K252 kimberlite is irregularly shaped and smaller than first thought.Asht…
Exchange Rates (March 11, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 5March 4March 1Feb. 28Feb. 21US$ in C$1.59021.60161.59521.6…
PEOPLE (March 11, 2002)
AMEC — Harry Parker, Steve Hodgson, Bob Pendreigh appointed technical directors.American Zinc Association — James Pedersen appointed chairman, Reid Bowlby appointed vice-chairman, Ed Schmidt appoint…