Sulliden set to acquire Peruvian deposit
With $150,000 in hand from a recent private placement, Montreal-based Sulliden Exploration (SUE-T) has inked a letter of intent to acquire Peru’s Shahuindo gold property from Compania Minera Algamarca…
2002
NAP’s Q2 earnings unchanged from 2001
Higher production in the second quarter translated into more revenue for North American Palladium (PDL-T), but earnings were little-changed from the corresponding period of 2001.NAP pocketed $7.5 mill…
Exchange Rates (September 02, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 27Aug. 26Aug. 23Aug. 22Aug. 21US$ in C$1.55201.55711.55581.5…
Canada’s Venture Exchange gains ground
Vancouver — Weak consumer confidence plus the threat of rising U.S. interest rates helped bolster the gold market over the week ended Aug. 27. The TSX Venture Exchange composite index tacked on 12.45…
Canadian Stock Exchange Indices (September 02, 2002)
DateAug. 27Aug. 26Aug. 23Aug. 22Aug. 21HighLowTSX Composite6642.836697.936614.346727.796664.91…
Overproduction hurts mining
“Mining faces some of the most difficult challenges of any industry and is distrusted by many . . .” (T.N.M., Facts ‘n’ Figures, July 29-Aug. 4, 2002). In fact, the boot is on the other foot.The minin…
Casa Berardi drilling hits sulphide breccia
Drilling by Aurizon Mines (ARZ-T) at the Casa Berardi property in northwestern Quebec has intersected a zone of gold mineralization in semi-massive sulphide material east of the property’s West mine, …
Reno hosts geostats course
The advanced use of geostatistics in the evaluation of ore reserves will be taught in a 5-day course in Reno, Nev.The event, which runs from Sept. 23-37, is expected to address several topics, includi…
Hospital to be almost germ-free
The City of Hope National Medical Center in Los Angeles is building a hospital with the largest capacity for bone marrow transplantation in the U.S. and will use silver in its ductwork to keep the fac…
The Northern Miner — North American Mining Index (September 02, 2002)
75.15 (+3.8)(Sept. 30/98 = 100)…
Seabee grades dog Claude (September 02, 2002)
Beset with lower-grade ore from the Seabee gold mine in Saskatchewan, Claude Resources (CRJ-T) finished the first half of 2002 about $3 million in the red.The loss translates into 7 per basic and dil…
Explosive firms merge
Dyno Nobel of Oslo, Norway, will acquire the explosives division of Ensign-Bickford Co., a subsidiary of Connecticut-based Ensign-Bickford Industries.Under the deal, Ensign-Bickford will surrender mos…