Maude Lake shifts focus
With the price of gold reaching levels not seen in years, Maude Lake Exploration (MAU-V) has put its plan of creati…
2002
Trading Summary (May 27, 2002)
The golds led the Toronto Stock Exchange lower to start the week dropping 7.82 points or 3.5%. The Mining index man…
Noranda, Falconbridge swaps execs
The integration of Noranda (NRD-T) and Falconbridge (FL-T) continues with some top-ranking officials on the move. …
Etruscan and Mountain Lake add Ventersdorp properties
Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have inked letters of intent to acquire 3 new diamon…
PEOPLE (May 27, 2002)
Allican — Denis Lampron appointed director and VP finance; Pierre Ouellet and Daniel Kerouac appointed directors.Aquiline — John Sutherland and David Constable appointed directors.Canabrava…
Lending Rates (May 27, 2002)
as of 4 pm ET, May 21, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.35Gold lease…
Exchange Rates (May 27, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 21May 20May 17May 16May 15US$ in C$1.5382Holiday1.54241.5546…
The Northern Miner — Small Producers Index (May 27, 2002)
91.88 (+7.38)(Sept. 30/98 = 100)…
Ashton finds kimberlite at Kikerk Lake (May 27, 2002)
Ashton Mining of Canada (ACA-T) has intersected a new kimberlite body on the Kikerk Lake property in the north Slave Craton region of Nunavut while drill-testing a geophysical feature just 700 metres …
TSE Short Positions (May 27, 2002)
Short positions outstanding at May 15, 2002Larger individual positions includeAber Diamond 362,698 up 163,201; Agnico-Eagle 5,097,435 up 79,022; Alcan 1,219,027 up 307,302; Aurad…
Junior exchange charges ahead
Vancouver — The S&P/TSX Venture Index jumped 43.19 points, or 3.7%, to close the week ended May 21 at 1202.41 points.New Bullet Group was the week’s volume leader, with 2.7 million shares crossing th…
Ivanhoe hits more gold at Turquoise Hill
Vancouver — Ivanhoe Mines (IVN-T) has tabled encouraging drill results from the Central zone at its wholly owned Turquoise Hill (Oyu Tolgoi) gold-copper project in southern Mongolia.Seven holes drill…