Trading Summary (February 18, 2002)
The Toronto Stock Exchange’s gold issues continued lower on Monday dropping 84.42 points or 1.4% to 5,994.56. The b…
News
Getchell pushes placer into red
Vancouver — Placer Dome (PDG-T) posted a US$29 million profit during the fourth quarter, but US$301 million in wri…
TNR joins NovaGold in Alaska
Vancouver — Focusing on completing a full feasibility study over the 13-million-oz. Donlin Creek gold deposit, Nov…
Partners agree to nuptials in Nunavut
Equal partners Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) have agreed to combine the two companies via a prev…
Golden Phoenix nixes Borealis deal
Citing issues that arose during its due diligence, Golden Phoenix Minerals (GPXM-O) has rescinded the letter agreem…
Newmont wraps up Franco acquisition
Newmont Mining (NEM-T) announced on Sunday that it has wrapped up one prong of its proposed three-way merger deal b…
Exchange Rates (February 18, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 12Feb. 11Feb. 8Feb. 7Feb. 6US$ in C$1.59181.58981.5974…
Wildcat buys Bissett mine
Winnipeg-based Wildcat Exploration (WEL-V) has picked up the closed Bissett gold mine, in Bissett, Man., from South African mining house Harmony Gold Mines (HGMCY-Q).Wildcat will pay $5 million up-fro…
Mines ministers head to Toronto
The World Mines Ministries Forum will attract hundreds of government representatives and mineral sector stakeholders from around the world.Slated for March 13-15 in Toronto, the event is timed to foll…
Trio develops Sustut copper deposit
Vancouver — Northgate Exploration (NGX-T), Doublestar Resources (DSR-V) and privately owned Procon Mining & Tunneling will jointly develop the Sustut copper deposit, 65 km north of the Kemess mine in…
Croesus eyes more ground
Vancouver — International Croesus Ventures (ICU-V) has inked a letter-of-intent with Golden Temple Mining (GTM-V) to buy seven massive sulphide properties in Mexico.The deal covers all of Golden Temp…
Gold, nickel prices take a tumble
Erasing gains from the previous week, gold slipped a nickel over the Feb. 6-12 report period to land at a London morning fix of US$297.40 per oz. on Feb. 13.Going along for the ride were: Barrick Gold…