Metal Prices spur market rally
Stronger base metal prices over the Jan. 2-8 report period translated into a broad-based rally among the U.S.-listed base metal producers.BHP Billiton rose 89 to US$11.60; Phelps Dodge jumped $1.32 t…
News
Barrick drops Goodpaster
Vancouver — Disappointing drill results have prompted mining titan Barrick Gold (ABX-T) to stop work on the California and Surf properties in the Goodpaster district of Alaska.The properties are adja…
Producers rise on higher prices
The ongoing battle for Normandy Mining (ndy-t) took centre stage in eastern markets once again, with American producer Newmont Mining upping the ante at the start of the Jan. 2-8 report period.Newmont…
Northern Miner Indices (January 14, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Daily Metal Prices (January 14, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 8Jan. 7Jan. 4Jan. 3Jan. 2Aluminium1417/1429…
Canadian Stock Exchange Indices (January 14, 2002)
DateJan. 8Jan. 7Jan. 4Jan. 3Jan. 2HighLowTSE 3007782.047870.257833.247774.167646.7994…
Blackstone gains ground
Blackstone Ventures (BLV-V) has picked up a second diamond property in the north Slave Craton of Nunavut, south of Coronation Gulf.The junior can acquire a 35% interest from each of Anglo-Celtic Explo…
El Morro appraisal favourable
An independent scoping study on the La Fortuna copper-gold deposit in north-central Chile has come back positive for partners Metallica Resources (MR-T) and Noranda Resources (NRD-T).Noranda, which ca…
Olympus Pacific reports bonanza gold grades
Vancouver — Olympus Pacific Minerals (OYM-V) has found an area of high-grade gold mineralization on its Phuoc Son property in central Vietnam.The discovery occurred 7 km northwest of the Bai Go and B…
Breakwater boosts reserves (January 14, 2002)
An independent review of Breakwater Resources’s (BWR-T) El Mochito mine in Honduras and El Toqui mine in Chile has resulted in an increase in mineral reserves and resources.The review, which included …
C.L. Fausett
C.L. Fausett, owner of Fausett International, an Idaho-based drilling company, has died. He was 64.Fausett was born in Ashton, Idaho, in 1937. His family moved to the Silver Valley when he was 8, wher…
Majescor raises funds to explore in Quebec
With diamond fever gripping Quebec, Majescor Resources (MAJ-V) has raised $900,000 from two private placements brokered by Dundee Securities.The private placements grossed $500,000 from the sale of 83…