Sarmin goes public as TGW
Sarmin Exploration, a private Ontario company with an exploration portfolio in the Dominican Republic, has begun trading publicly following a reverse-takeover of Quebec-based Boreal Exploration (BOR-M…
News
Palladium shoots past US$1,000-per-oz. mark
Palladium was the bright light among the precious metals during the Jan. 3-9 report period, at last cracking the US$1,000-per-oz. barrier to reach a record high of US$1,047 per oz. Prices for palladiu…
Rate cut can’t stop slide
Denver — The sudden interest rate cut by the U.S. Federal Reserve put a charge into the market on Jan. 3, only to see record-setting gains evaporate. The market finished the report period ended Jan. …
CDNX posts gains on all fronts
Vancouver — With the mining index leading the way, Canada’s junior exchange posted gains on all indices during the report period ended Jan. 9. The Canadian Venture Exchange composite index tacked on …
Camafuca study recommends mining
The partners in the Camafuca diamond project in Angola have accepted a feasibility study that says initial mining of part of the weathered kimberlite resource can be profitable.The study, provided by …
Marine miner suffers setback
NamSSol, the first-generation seabed crawler of marine diamond miner Namibian Minerals (NMR-T), was damaged while being recovered from the seabed to the support vessel MV Kovambo.NamSSol was operating…
Aurora uses Inco data to pinpoint targets
Vancouver — Aurora Platinum (ARP-V) will pay Inco (N-T) for the use of data culled from more than 54,000 line km of proprietary electromagnetic and magnetic airborne surveys.Included in the package a…
Eldorado tables Kisladag study
Vancouver — In the aftermath of a 16,000-metre drilling effort, Eldorado Gold (ELD-T) has tabled a scoping study that envisions a 10-year mine life for the promising Kisladag gold property in western…
Metal Prices (January 15, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 9Jan. 8Jan. 5Jan. 4Jan. 3Aluminium1581/1566.50…
First Point ups stake at Cacamuya
Vancouver — Breakwater Resources (BWR-T) has decided not to participate in the next exploration program on the Cacamuya low-sulphidation gold property in southern Honduras. As a result, First Point M…
Ashton closes placement
Ashton Mining of Canada (ACA-T) has topped up its treasury with the sale of just under 1.3 million units priced at 75 each. Proceeds are estimated at $940,000.Each unit consists of one flow-through s…
Alma, Magnola startups highlight year in Quebec
While there were no mine openings in Quebec in 2000, the industry could draw some cheer from the startup, in the latter half of the year, of two major metallurgical plants.In October, just 32 months a…