Northern Miner Indices (April 16, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Placer Dome Inc
Placer takes shine to Grayd’s White Gold
Vancouver — Placer Dome (PDG-T) has inked a deal to earn a 51% stake in White Gold project, near Tok, Alaska. In return, the major must pay the vendor, Grayd Resource (GYD-V), US$3.1 million over fou…
Mining index drives CDNX higher
Vancouver — Canada’s junior exchange staged a strong rally, led by a triple-digit gain in the mining index, during the report period ended April 11. The Canadian Venture Exchange’s composite index cl…
Novagold eyes Donlin deposit
Vancouver — Junior Novagold Resources (NRI-T) has inked a deal with Placer Dome (PDG-T) to earn a majority interest in the 13-million-oz. Donlin Creek gold deposit in southwestern Alaska.”Our strateg…
Revival planned for CanTung mine
Armed with funds provided by two end-users of tungsten, North American Tungsten (NTC-V) is aiming to revive the dormant CanTung mine in the Northwest Territories, near the Yukon border.The Vancouver-b…
TSE wipes brow after recent debacle
Easing its downward spiral of late, the broad market fell less than a point over the March 21-27 report period, to finish the week at 7,751.33.Even gold has regained its composure, trading unchanged a…
National Gold closes Salamandra deal
Vancouver — Having made the initial $250,000 payment required for the purchase of the Salamandra gold property in Mexico, National Gold (NGT-V) must now raise $3.6 million by Aug. 30.The junior took …
PDAC showcases global mining
Delegates attending the annual convention of the Prospectors & Developers Association of Canada (PDAC) in Toronto seemed more optimistic about their industry’s prospects, despite weakness in metal pri…
Market unimpressed with US rate cut
In the wake of another cut in U.S. interest rates, investors north of the border knocked 3% off the Toronto broad market during the March 14-20 report period. The sell-off, which suggests that many we…
Golds make gains as TSE dives
The Toronto Stock Exchange treated investors to another wild ride over the report period March 7-13, as another blue Monday hit the telecom stocks. The TSE 300 composite index sank 205 points on March…
Rubicon hits more gold at McCuaig
Vancouver — Rubicon Minerals (RMX-V) has cut a new gold-bearing structure at the McCuaig project in Red Lake, Ont.Company geologists describe the mineralized zone as a sulphide-bearing silicified and…
PGM search intensifies in Ontario
An increasing interest from the majors and an ongoing price rally are adding momentum to the search for platinum and palladium deposits in northern Ontario. At last count, more than a dozen companies …