MOST ACTIVE ISSUES, JULY 18-24
ExchgVol(000s)HighLowCloseChangeAlcoa*N1452542.0036.6037.23-2.16…
News
LME Warehouse Levels (July 30, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 24/01 (change from July 17 in brackets):MetalStock (tonnes)ChangeAluminium637425…
Vannessa bucks downward trend
Gripped by the summer doldrums, the Canadian Venture Exchange composite index dropped 31.58 points, or 1%, to finish the report period ended July 24 at 3,073.7. The mining index remained relatively un…
Gold stocks rise on prospect of strike in SA
Rocked by more dire warnings from the high-tech sector, the Toronto Stock Exchange 300 index tumbled 107.62 points during the July 18-24 report period to land at 7586.51.Gold climbed $1.15 over the pe…
Northern Miner Indices (July 30, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Tandem explores in Ungava region
Using funds provided by an American partner, Tandem Resources (TDM-M) has launched a surface exploration program at a diamond prospect at Abloviak Fiord, in the Ungava Bay region of northern Quebec.Th…
Agnico-Eagle reduces losses
Higher gold production and lower cash costs helped Agnico-Eagle Mines (AGE-T) trim its second-quarter loss to $1.1 million from $3.4 million a year earlier.The company’s LaRonde mine near Val d’Or, Qu…
Partners explore for diamonds
Having abandoned the search for elusive “prairie gold,” Tintina Mines (TTS-V) and NSR Resources (NSR-V) are exploring for diamonds on their jointly held land package in northern Alberta.The work progr…
Vannessa releases details of Las Cristinas deal (July 30, 2001)
Junior Vannessa Ventures (VVV-V) has purchased a 95% interest in the Las Cristinas gold project in Venezuela for a “nominal” amount of cash and the assumption of the project debt owed to vendor Placer…
Drilling a bust at LDG
Drilling by De Beers Canada Exploration on the LDG (formerly Thor) property in the Northwest Territories failed to intersect kimberlite.Three targets were drilled on the basis of till sampling and gro…
Twin recovers 1-carat stone from Baffin Island
Twin Mining (TWG-T) has recovered several commercial-size stones, including one weighing one carat, from test pits on the Freightrain kimberlite prospect at Baffin Island in Nunavut.This past spring, …
Full steam ahead at Diavik mine
Construction of what will be Canada’s second diamond mine is in full swing at a time when the nation’s diamond industry is marking the 10th anniversary of Chuck Fipke’s monumental discovery.London-bas…