GSC marks 160 years
April 14 marked the 160th anniversary of the establishment of the Geological Survey of Canada.Those readers who were student employees in the field and laboratory will hold the GSC in special affectio…
2002
USGS report on Afghanistan
The gem, metal and mineral resources of Afghanistan are described in a new report from the U.S. Geological Survey.The 10-page report and its appendices list, by name and location, more than 1,000 site…
Drilling heats up at Meadowbank
At its 3-million-oz. Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) is spending $2.5 million on a drilling program aimed at outlining enough ounces to support a 10-year mine capable …
NAME CHANGES (April 22, 2002)
Asquith Resources (YAQ-V) has changed its name to AXMIN (AXM-V) on a 1-new-for-1-old-share basis.Kenrich Mining (KRC-V) has changed its name to Kenrich-Eskay Mining (KRE-V…
Mideast crisis spells downside risks for metals
Several factors — the dearth of economic indicators that would indicate that manufacturing fundamentals are improving, the release of poor corporate financial results for the first quarter, and the p…
Canadian Royalties and Ungava Minerals battle over ground
Vancouver — The inclusion of a key piece of ground in the Phoenix nickel-copper-platinum-palladium property in northern Quebec has created a rift between Ungava Minerals (UNGV-C) and Canadian Royalti…
The E3 manual
The project known as E3 (Environmental Excellence in Exploration), which is designed to ensure access to public lands through improved education and environmental management practices, is turning its …
MOST ACTIVE ISSUES, APRIL 10-16
ExchgVol(000s)HighLowCloseChangeKinross GoldT202482.301.892.09+0.19…
Work halted at Magistral
Vancouver — Anaconda Peru, a wholly owned subsidiary of London-based Antofagasta, has decided not to increase its stake in the Magistral copper project in north-central Peru.The subsidiary had consid…
Exchange Rates (April 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 16April 15April 12April 11April 10US$ 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…