Trading Summary (July 16, 2001)
The Toronto Stock Exchange opened lower on Monday and stayed the course through the day, ending 121.93 points lower…
Articles by Northern Miner Staff
Rio Narcea expands in Spain
Subject to final approval by Spanish authorities, Rio Narcea Gold Mines (RNG-T) has exercised an option to acquire the Aquablanca nickel-copper-platinum group metals project in that country’s Extremad…
TSE Short Positions (July 16, 2001)
Short positions outstanding at June 30, 2001Larger individual positions and significant changes include:Aber Diamond 10,979 down 92,332; Agnico-Eagle 244,719 down 568,924; Alcan Inc. 1,60…
Montauban drilling hits gold
Drill results from the Montauban property, 50 km northeast of Trois-Rivieres, Que., indicate the potential for gold mineralization in a new zone near the former gold mine.Mirabel Resources (RMB-M) rep…
Antamina ships first concentrate (July 16, 2001)
The massive new copper mine at Antamina in north-central Peru has shipped its first load of concentrate, putting the project ahead of its scheduled start of commercial production.The Antamina mill, de…
South Africa examines surface mining
The South African Institute of Mining & Metallurgy will host a conference on open-pit and surface mining, slated for Aug. 29, 2002, in Randburg.The conference is accepting abstracts on such topics as …
Exchange Rates (July 16, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 10July 9July 6July 5July 4US$ in C$1.52111.52111.51981.5099…
Rock garden to open in Haileybury
A rock garden designed to illustrate Canada’s geological diversity will open this month in Haileybury, Ont.Haileybury Mayor Thomas Wells and local Member of Parliament Ben Serre will be on hand for th…
Bill could level playing field
A bill introduced in the U.S. House of Representatives would give investors who hold gold, silver and platinum bullion the same capital gains treatment enjoyed by those who hold stocks and bonds.Curre…
Ocampo reveals more gold, silver (July 16, 2001)
Drilling at the Ocampo silver-gold project in Mexico continues to yield encouraging results for Gammon Lake Resources (GAM-T).Among the latest holes drilled is UGD-13, which returned 633 grams silver …
Anatolia Minerals cuts more gold in Turkey
Denver — Partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-N) are pleased with preliminary results from exploration drilling at the Cukurdere project in central Turkey.Two more hole…
Eldorado revises mine forecast
A Brazilian government decree limiting the use of electricity has forced Eldorado Gold (ELD-T) to modify its production forecast at the Sao Bento mine.Situated in Minas Gerais state, the mine is now e…