Market selloff looks ephemeral
The pancake collapse of the towers of the World Trade Center was mimicked by the stock markets of the industrialized world.The panic that gripped the world’s bourses in the week following the terroris…
News
News – 01-OCT-01
PEOPLE (October 01, 2001)
Atna Res. — James Hesketh appointed director.Iriana Res. — Michael Thirnbeck appointed general manager.Mazarin — Francois Goyette appointed general manager.Nord Pacific…
Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
Exchange Rates (October 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19US$ in C$…
Goldcorp extends Red Lake mineralization
Hot on the heals of its latest reserve update, Goldcorp (G-T) has announced the discovery of new mineralization at the Red Lake gold mine in northwestern Ontario.Reserves were recently upped by 25% to…
Wheaton sells George Lake
Junior gold producer Wheaton River Minerals (WRM-T) has arranged to sell its George Lake project, near Bathurst Inlet in Nunavut, to Kinross Gold (K-T) in return for 4 million shares, worth about $6 m…
NAME CHANGES (October 01, 2001)
Icelandic Gold (YCE-V) has changed its name to PGM Ventures (YPG-V) on a 1-new-for-1-old share basiCanada Fluorspar (CFI-V) has changed its name to Continental Ridge Resources…
Correction (October 01, 2001)
In our article “Franco to control Echo Bay in debt deal” (T.N.M., Sept. 17/01), we reported that Echo Bay Mines (ECO-T) would still owe accrued interest on capital securities being converted to shares…
Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…
Field trip examines steel-making
The Toronto branch of the Canadian Institute of Mining, Metallurgy & Petroleum will hold a field trip on Oct. 15 to demonstrate the steel-making process.Participants will visit Larfarge Canada’s Dunda…
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…