Wolfden looks to Red Lake for more property
Vancouver — Wolfden Resources (YWO-V) has inked a deal with Sabina Resources (SBB-V) to acquire an interest in th…
2002
Outokumpu buys Bula property
Finnish metal producer Outokumpu has bought the Bula property adjacent to its Tara zinc mine in central Ireland, in…
Queenston revs up printing press
Higher demand for its paper has prompted Queenston Mining (QMI-T) to increase the size of a private share offering.The placement now consists of 6.25 million units priced at 80 apiece. Half the units…
US markets stay weak
Stock markets in the U.S. were little-changed over the holiday-shortened trading period July 3-9. Over four trading days, the Dow Jones Industrial Average managed a 1% gain, to 9,096.09 points, while …
Canadian Stock Exchange Indices (July 15, 2002)
DateJuly 9July 8July 5July 4July 3HighLowTSX Composite7034.847091.987112.467029.787024.08…
Alamo Dorado gets positive feasibility study (July 15, 2002)
Corner Bay Silver (BAY-T) has unveiled the results of a feasibility study on its Alamo Dorado project in Mexico’s Sonora state.The study, performed by AMEC E&C Services, tested the economics of an ope…
Rio Narcea trims debt (July 15, 2002)
Junior Rio Narcea Gold Mines (RNG-T) has taken a step towards financial freedom by repaying a multi-million-dollar credit facility with Deutsche Bank.The repayment, which comes three years earlier tha…
Mint unveils Stampede coin
The Royal Canadian Mint has released a 92.5%-silver coin commemorating the Calgary Stampede, the seventh in a set of 13 coins celebrating Canadian festivals.The Stampede was started in 1912 by Guy Wea…
Northern Miner Indices (July 15, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Ivanhoe confirms Kharmagtai’s potential
Preliminary drilling by Ivanhoe Mines (IVN-T) has confirmed the discovery of a copper-gold porphyry system in Mongolia’s South Gobi region.Known as Kharmagtai, the system was first outlined by Mongoli…
Junior Exchange bucks downtrend
Vancouver — Canada’s junior exchange managed to hold its ground while major bourses stumbled in the wake of numerous corporate fraud allegations. The S&P TSX Venture Exchange composite index closed t…
TSE Short Positions (July 15, 2002)
Short positions outstanding at June 30, 2002Larger individual positions includeAgnico-Eagle 5,315,262 up 250,485; Alcan 1,887,771 up 399,501; Aurado 360,000 up 99,686; Aurora Pla…