Noranda closes El Pachon acquisition
Noranda (NRD-T) has completed its US$30-million purchase of the El Pachon copper deposit from equal owners Cambior (CBJ-T) and Bolivian-based Minera. The project is 185 km west of San Juan, Argentina….
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Diavik inches toward completion
Construction of Canada’s next diamond mine is 58% complete and remains on schedule for completion in April 2003.London-based Rio Tinto (RTP-N) and Toronto-based Aber Diamond (ABZ-T) are spending a tot…
The benefits of flow-through
Recent market conditions have exacted a further toll on the exploration sector and prevented the new “super” flow-through share program from performing to expectations.Super flow-through shares are a …
Canmine expands cobalt refinery
Canmine Resources is modifying its namesake refinery in Cobalt, Ont., after closing a $6.7-million financing this past summer.A 13,388-sq.-ft. expansion, which will roughly double the size of the plan…
PGM to work Stucco
Junior Platinum Group Metals (PTG-V) will begin exploring the Stucco palladium property near Thunder Bay, Ont.The area is one of two palladium plays in the province and is home to the Lac des les min…
Cdn Royalties drills Phoenix
Canadian Royalties (CZZ-V) reports encouraging platinum-palladium-gold grades at its Phoenix prospect in northern Quebec.Hole 2, drilled at minus 45 to the northeast, targeted the western part of a c…
PFN winds down River Valley drilling
Junior Pacific North West Capital (PFN-T) has released the final results of a fourth phase of drilling at the River Valley palladium project near Sudbury, Ont.Ninety-eight holes were sunk at the Dana …
Goldcorp options Confederation
A letter of intent paves the way for Goldcorp (G-T) to earn a majority interest in the Confederation project of Tri Origin Exploration (TOE-V).Situated in northwestern Ontario, the property covers 35 …
High River raises funds
Subject to regulatory approval, High River Gold Mines (HRG-T) will issue $5 million worth of covertible debentures to Sprott Securities in order to clean up its balance sheet.The non-redeemable notes,…
Canyon raises stakes at Briggs
Vancouver — Colorado-based Canyon Resources (CAU-X) has inked a deal with Franco-Nevada Mining (FN-T) to pick up a 2% net smelter royalty (NSR) on the first 175,000 oz. of gold produced from its Brig…
GREATEST VALUE TRADED, SEPT 26-OCT 2
ExchgVal($000s)HighLowCloseChangeAlcoa*N57963431.9528.3031.95+1.91…
Northern Miner Indices (October 08, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…