PacMin posts profit (September 17, 2001)
Vancouver — The subject of a $170-million take over target, Teck’s (TEK-T) Australian gold mining arm, PacMin Mining, tabled a net profit of A$7.2 million for the fiscal year ended June 30.The compan…
Articles by Northern Miner Staff
Partners cut ribbon at Yatela mine
With production already in full swing at the Yatela gold mine in western Mali, all that remained to do was open the mine officially.Partners AngloGold (AU-N) and Iamgold (IMG-T) did that on Sept. 8, c…
Drilling program tests South Legris property
Vancouver — Partners Canadian Golden Dragon Resources (CGG-V) and Platinum Group Metals (PTG-V) have pulled more platinum-palladium values from the Vande intrusive complex on the South Legris propert…
Falco options South Voisey’s Bay
Donner Minerals (DML-V) and Falconbridge (FL-T) have struck a deal over the South Voisey’s Bay nickel project in Labrador.The nickel major can earn a half-interest in a 624.5-sq.-km package of claims …
Quaterra drills Union Bay
Quaterra Resources (QTA-V) has launched a drilling program to test for platinum-palladium mineralization at the Union Bay property, 45 km north of Ketchikan in southeast Alaska.The junior will test se…
Metal Prices (September 17, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 11Sept. 10Sept. 7Sept. 6Sept. 5…
LME Warehouse Levels (September 17, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 11/01 (change from Sept. 4 in brackets):MetalStock (tonnes)ChangeAluminium673650…
Canadian Stock Exchange Indices (September 17, 2001)
DateSept. 11Sept. 10Sept. 7Sept. 6Sept. 5HighLowTSE 3007048.80…
Markets dive after terrorist attacks
Vancouver — Canada’s junior exchange was hovering around the 3000-mark before trading was halted on Sept. 11, shortly after horrendous terrorist attacks in New York, N.Y., and Washington, D.C. The CD…
Maude Lake drills Comtois
Montreal-based Maude Lake Exploration (MAU-M) has started a 4,000-metre drilling program at its 50%-held Comtois property near Lebel-sur-Quvillon, Que.The program is aimed at increasing resources in …
TSE down 5.5% in post-terror panic
The Toronto Stock Exchange, closing early Sept. 11 in the wake of the terrorist attacks in the United States, slumped drastically in the day’s financial panic to cap a week of losses in which the TSE …
Cukurdere expanded (September 17, 2001)
A program of reverse-circulation, stepout drilling by partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) continues to expand, to the north and east, an area of gold mineralization …