Exchange Rates (September 17, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 11Sept. 10Sept. 7Sept. 6Sept. 5US$ in C$…
News
Franco to control Echo Bay in debt deal
A proposal by Echo Bay Mines (ECO-T) to convert a large debt into common shares would hand effective control of the company to Franco-Nevada Mining (FN-T), and put a large block of shares into the han…
Staff Investment Policy (September 17, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Drilling at Sastre fails to return higher-grade values
Investors bailed out of Radius Explorations (RDU-V) ahead of drill results from the Tambor gold property in central Guatemala, driving the stock to a 52-week low of 45.The junior tabled disappointing…
NAME CHANGES (September 17, 2001)
Timpete Mining (TPM-V) has changed its name to Entree Resources (ENS-V) on a 4-new-for-1-old-share basis.Zim Gold Resources (ZIM-V) has changed its name to Noise Media (NM…
Glamis finds legal challenges in Honduras
Denver — The San Martin gold mine owned and operated by Glamis Gold (GLG-N) is a technical success, about to reach its expanded annual production rate of more than 110,000 oz. gold. It was built to h…
Taxing times
Canada’s mining industry is under siege again, this time by the federal government, which decided last year that mining and other resource sectors will not be eligible for a reduction in the basic fed…
News – 17-SEP-01
Cukurdere expanded (September 17, 2001)
A program of reverse-circulation, stepout drilling by partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) continues to expand, to the north and east, an area of gold mineralization …
VMS prospects in Elu belt
Following the acquisition of the Elu property in Canada’s northern territory of Nunavut, Sherwood Petroleum (SWD-V) has discovered a number of volcanogenic massive sulphide (VMS) showings during its i…
Falco options South Voisey’s Bay
Donner Minerals (DML-V) and Falconbridge (FL-T) have struck a deal over the South Voisey’s Bay nickel project in Labrador.The nickel major can earn a half-interest in a 624.5-sq.-km package of claims …
Nunavut open for business (September 17, 2001)
In two short years since the creation of Nunavut in April 1999, our government has begun to make significant changes in the way business is conducted in the territory.Transforming Nunavut’s unrivalled…