Survey highlights Dryden area
Results from an airborne magnetic and electromagnetic survey in the Stormy Lake-Dryden area indicate “many interesting targets for prospectors and industry to follow up,” according to Ontario’s Northe…
News
Sullivan sees last shift
Vancouver — After 91 years of production and adding $19 billion to the economy of British Columbia, the Sullivan zinc-lead-silver mine near Kimberley has closed shop.The flagship operation of Cominco…
Starfield sets sights on high-grade zone
Vancouver — Armed with $1.6 million, Starfield Resources (SRU-V) is preparing to explore the newly discovered high-grade zone on the Ferguson Lake copper-nickel-platinum-palladium project in Nunavut….
Wolfden adds to High Lake polymetallic property
Wolfden Resources (YWO-V) has arranged for the private placement of an aggregate of 571,430 flow-through common shares with CMP 2001 II Resource Limited Partnership at 35 per share for gross proceeds…
Canadian Stock Exchange Indices (January 07, 2002)
DateJan. 1Dec. 31Dec. 28Dec. 27Dec. 26HighLowTSE 300Holiday7688.417674.977650.58Holiday9425.526301.52Metals & MineralsHoliday4160.114177.534148.69Holiday5104.443234.34Integrated M…
Merger mania grips mining industry in 2001
Against a rather grim backdrop that included an American economy slipping into recession, worldwide commodity deflation and a new war on terrorism, the big story in 2001 for the North American mining …
Fort Knox raises cash
Fort Knox Gold Resources (FNX-T) has completed an offering of 4 million flow-through shares at $1 apiece and 4 million units at the same price for proceeds of $8 million.One unit comprises one share p…
Coronation Bay a hot spot for diamond explorers
Although a decade has passed since diamonds were first discovered in Canada, the potential for further discoveries has not yet diminished, as evidenced by the success of Ashton Mining of Canada (ACA-T…
Producer and Dealer Prices (January 07, 2002)
Antimony: Mid-mkt US$1,130/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.80/lb.Copper: Comex Mar. US$0.658/lb.Indium: Indi…
CDNX starts 2002 on bullish note
Vancouver — Canada’s junior exchange kicked off 2002 with a holiday rally led by junior explorers. The Standard and Poor’s-Canadian Venture Exchange Composite Index jumped 58.1 points, or 5.9%, and c…
Lending Rates (January 07, 2002)
As of 4 pm, Dec. 31, 2001 (%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75…
Northern Miner Indices (January 07, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…