Altius, Barrick seek Carlin-type deposits
Vancouver — Altius Minerals (ALS-V) and Barrick Gold (ABX-T) are jointly exploring Newfoundland’s Botwood Basin for Carlin-type deposits.Barrick stands to earn a 75% interest in six properties by fun…
Barrick Gold Corporation
US rate cut spooks northern investors
The biggest news of the Dec. 5-11 report period came from south of the border, where the U.S. Federal Reserve Board knocked another 25 basis points off the federal funds rate, thereby reducing it to i…
CDNX loses ground on new S&P index
Vancouver — The Canadian Venture Exchange launched a new composite index during the week ended Dec. 11. Based on market capitalization, the Standard & Poor’s-CDNX Composite Index is meant to provide …
TSE builds up after profit-taking
Investors took profits after the Bank of Canada cut its principal lending rate on Nov. 27, leaving the Toronto Stock Exchange playing catch-up for the report period Nov. 28-Dec. 4.The TSE 300 composit…
IMA cashes up for Peruvian exploration
Vancouver-based IMA Exploration (IMR-V) is looking to raise more than $1 million to fund exploration in Peru.The junior has arranged a non-brokered private placement of up to 2.7 million units priced …
Northern Miner Indices (December 03, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
War on terrorism will trigger renewed bout of inflation: Ing
The most bullish of Bay Street’s gold bugs, John Ing of Maison Placements Canada, says we are about to enter a period of inflation that will dramatically improve gold prices in the medium term.In an O…
Hedgers battle non-hedgers
Normandy Mining’s board of directors has recommended shareholders accept the takeover bid made by Newmont Mining.Newmont arrived in mid-November as a white knight to outbid AngloGold, which had offere…
Newmont still volume leader
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …
Munk, James to enter Canadian Mining Hall of Fame
Peter Munk and William James, two of the most recognized names in mining, will be inducted into the Canadian Mining Hall of Fame.Both men will become members in recognition of their contributions to h…
Newmont jumps in
Applying a new twist to industry consolidation, Newmont Mining (NEM-N) has announced its intention to acquire Normandy Mining (NDY-T) and Franco-Nevada Mining (FN-T) to create the world’s large…
Geologists discuss new technology
The next meeting of the Toronto Geological Discussion Group will examine the merits of 3-D Quest, a technology designed to reduce risks associated with exploration drilling.Robert Gordon, manager of g…