Gossan targets Bird River sill
A small drill program by Gossan Resources (GSS-V) is following up prospective platinum-palladium targets in the Bird River sill complex in southeastern Manitoba.The 20.6-sq.-km property, which is divi…
2002
Alcoa bids for Elkem (October 07, 2002)
U.S. aluminum giant Alcoa (AA-N) has initiated a cash tender offer for 3.5 million shares in Norway’s Elkem at 175 Norwegian kroner per share, or about US$26.31 apiece.Alcoa, which currently owns 46.3…
De Beers boosts stake in partner
By exercising 984,000 share purchase warrants at 80 apiece, De Beers Canada Exploration has increased to 6.4% its interest in Mountain Province Diamonds (MPV-T).De Beers acquired the warrants when, i…
Hecla revises ’02 forecasts
With its operations still exceeding expectations, Hecla Mining (HL-N) has once again increased its production forecast for the current year.The Coeur d’Alene, Idaho-based silver miner now expects to h…
Canadian Stock Exchange Indices (October 07, 2002)
DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25HighLowTSX Composite6218.616180.426111.116179.426165…
Tichegami yields one stone
A second kimberlitic find on the Tichegami property in the Otish Mountains region of Quebec has returned only one microdiamond from 23.1 kg of tested material. The project is shared by Pure Gold Miner…
Junior market continues to slide
Vancouver — A battle between reluctant sellers and stingy buyers forced the bid-ask spread on individual stocks to widen to levels not seen in more than a year during the report period ended Oct. 1. …
Trading Summary (October 04, 2002)
The golds, up 1.92 points or more than 1% at 181.2, were alone in the black by the end of trading on Friday. Most o…
Alcoa profits nearly halved (October 04, 2002)
U.S. aluminum giant Alcoa (AA-N) has reported a 43% drop in third-quarter earnings thanks mostly to a global oversu…
Goro construction resumes
Having come to agreements with contractors and suppliers to avoid future disruptions, Inco (N-T) says it will plans…
Candente eyes Alto Dorado
Vancouver-based junior Candente Resource (DNT-V) has agreed to acquire Hecla Mining’s (HL-N) Alto Dorado gold prope…
S. African mining charter finds compromise
Vancouver — Mining companies with assets in South Africa breathed a collective sigh of relief after the country’s…