Placer hops on merger bandwagon
The golds once again outshone the broad market, which slipped 27.73 points over the five trading days to finish the May 22-28 report period at 7,660.58. The gold index leaped ahead 9.83 points, or 4.5…
2002
Mining stocks survive broad market woes
The release of another cautious U.S. consumer report pushed the Standard & Poor’s 500 index down 8.93 points, or 0.8%, during the holiday-shortened May 22-28 report period. Likewise, the Down Jones In…
Gold fever grips TSX Venture Exchange
Vancouver — With gold stocks leading the way, Canada’s junior exchange continued its upward march over the report period ended May 28. The S&P-TSX Venture Index climbed 22.9 points, or 1.9%, and clos…
GREATEST VALUE TRADED, MAY 22-28
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N60948832.0029.9532.00+1.19…
Patricia finds more gold in core at Island
A re-assaying program by Patricia Mining (PAT-V) is assessing the bulk-tonnage potential of the Island gold project, northeast of Wawa, Ont.Since February, Patricia has relogged and sampled 24 holes i…
Manitoba unveils tax credit for investors
The Manitoba government has introduced a mineral exploration tax credit and renewed two other exploration programs for three years.The tax credit will provide a 10% non-refundable tax credit to person…
Wolfden extends High Lake zones
Wolfden Resources (YWO-V) has begun a $2-million program of drilling and airborne geophysics at its High Lake volcanogenic massive sulphide property in Nunavut’s Bathurst Inlet.Hole 201, the first 40-…
‘Ineptitude’ closes Pas office
I recently attended the Mid-Canada Mining Corridor Conference in Flin Flon, Man., where I partook in excellent underground and surface tours. Looking around the Sportsplex, where the conference was he…
Semafo extends mineralization at Nyafe (June 03, 2002)
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Nyafe gold-bearing structure, on the Mana property in Burkina Faso, some 300 metres to the northeast.Selected results for…
Silver market sees changes
The silver market underwent considerable changes in supply, demand and prices in 2001, according to Silver Survey 2002, published by London-based CPM Group.Prices dropped 12.4% last year to an average…
Noranda, Falco swap execs
The integration of Noranda (NRD-T) and Falconbridge (FL-T) continues with the reshuffling of top-ranking officials.Earlier this year, Falco’s board of directors signalled its decision to allign itself…
MOST ACTIVE ISSUES, MAY 22-28
ExchgVol(000s)HighLowCloseChangeKinross GoldT403084.443.784.17+0.34…