NAME CHANGES (April 16, 2001)
Goldbank Ventures (GBK.A-V) has changed its name to Consolidated Goldbank Ventures (CVT.A-V) on a 1-new-for-4-old-share basis.
Articles by Northern Miner Staff
Richmont buys Aurizon’s half of Beaufor
For a bit of cash and a royalty, junior miner Richmont Mines (RIC-T) is buying Aurizon Mines’ (ARZ-T) half-interest in the suspended Beaufor gold mine in northwestern Quebec.Richmont already holds a s…
Lisheen to reach design capacity
Based on an improved first-quarter performance at the Lisheen zinc-lead mine in southern Ireland, Ivernia West (IVW-T) says full production should be attained by mid-year.The underground operation, wh…
Tahera finds new kimberlite at Jericho
Exploration drilling by Tahera (TAH-T) has uncovered a new kimberlite body at its wholly owned Jericho project in Nunavut, 430 km northeast of Yellowknife.The kimberlite lies under a small lake, 6 km …
Celtic, Orogrande holes cut sulphides
Drilling at two separate projects in central Newfoundland has turned up promising massive sulphide mineralization.At the Great Burnt Lake property, Celtic Minerals (CME-V) has extended a known copper …
No white knights in Labrador and Luscar fights
In two quiet corners of the mining industry — the iron ore and coal businesses — takeover battles for income funds have enlivened the profitable, but otherwise dry, business of cashing royalty chequ…
DiamondWorks completes Lyndhurst transaction
Following a 20-to-1 share consolidation, DiamondWorks (dmw-t) has completed a restructuring agreement with Lyndhurst, a privately held, British-based mining holding company.Under the deal, DiamondWork…
Northern Miner Indices (April 09, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Kvaerner wins safety award
Kvaerner, the London-based engineering and construction group, has received a safety award for its work at the El Tesoro copper project, near Antofagasta, Chile.The award, presented by the local, non-…
Western Pacific eyes D’Aguilar
Edmonton-based Western Pacific Gold (WPI-V) has taken a shine to the D’Aguilar gold mine project, 40 km west of Gympie in southeast Queensland, Australia.The junior recently signed an agreement with t…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Vista writes down asset
Denver — Low gold prices have forced Vista Gold (VGZ-X) to write down the value of the Amayapampa property in Bolivia, resulting in a net loss for the year of US$13.2 million (or 15 per share).The l…