PacMin drill-tests JBS property in China
Vancouver — Pacific Minerals (PMZ-V) has launched a 2,500-metre program of underground drilling on its JBS nickel-copper-platinum-palladium property in southwestern China.Based on government resource…
2002
Northern Miner Indices (April 22, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
TSE up on recovery news
The Toronto Stock Exchange moved higher over the report period April 10-16, on news of improving economic fundamentals. Even a quarter-point rate hike by the Bank of Canada on the final day didn’t sto…
Calgary forum looks at Athabasca deposits
The annual Calgary Mining Forum will be held April 24-25 at that city’s Ramada Downtown Hotel. The event will include technical sessions on exploration for diamonds in western Canada and on genetic an…
Lending Rates (April 22, 2002)
as of 4 pm ET, Apr. 16, 2002 (%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.97LIBOR US$ 6-month2.20LIBOR US$ 1-year2.78Gold lease 3-month0.42Gold lea…
Minefinders ups Dolores resource (April 22, 2002)
With thousands of new assays in hand, Minefinders (MFL-T) has increased the size of its Dolores silver-gold deposit in Mexico’s Chihuahua state.Resources now stand at 78.14 million tonnes averaging 58…
Canadian Royalties and Ungava Minerals battle over ground
Vancouver — The inclusion of a key piece of ground in the Phoenix nickel-copper-platinum-palladium property in northern Quebec has created a rift between Ungava Minerals (UNGV-C) and Canadian Royalti…
The E3 manual
The project known as E3 (Environmental Excellence in Exploration), which is designed to ensure access to public lands through improved education and environmental management practices, is turning its …
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
Exchange Rates (April 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 16April 15April 12April 11April 10US$ in C$1.57981.58921.5878…
Excellon parts with portion of Platosa JV
Vancouver-based Excellon Resources (EXN-V) has decided to part with a third of its stake in a joint venture with Apex Silver Mines (SIL-X) for just less than $1.3 million.Excellon is earning a 51% int…
Newmont to redeem preferreds
Newmont Mining advanced $1.58 to US$28.19 over the report period ended April 16 as it called for the redemption (in mid-May) of all the issued and outstanding shares of its US$3.35 covertible preferre…