Lower sales sink Freeport in third quarter
Denver — Lower sales volumes resulted in a third quarter loss for Freeport-McMoRan Copper & Gold (FCX-N). The major incurred a net loss of US$9.2 million (or 6 per share) in the 3-month period ended…
News
Canabrava replenishes till
A private placement will enable Canabrava Diamond (CNB-V) to buy new properties and finance ongoing exploration at existing ones.Four million units will be issued at 50 apiece. A unit consists of one…
Aquest abandons Anabella
Disappointing drill results on the Anabella gold-antimony project in Guatemala have led Aquest Minerals to cancel its option agreement.The junior says the project does not contain enough ounces to jus…
Exchange Rates (November 27, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 21Nov. 20Nov. 17Nov. 16Nov. 15US$ in C$1.55471.55891.55931.5…
Ecuadorian posts resource
Denver — Following completion of a second round of drilling, Ecuadorian Minerals (EMC-T) has reported a new resource at its Beroen gold-silver project in Ecuador.The 27 holes recently drilled bring t…
East Malarctic posts higher earnings
East Malartic Mines’ gold operation, 50 miles east of Rouyn-Noranda, Que., is completing its most profitable year since 1942.Profits for the first 10 months of 1950 were $186,332, compared with earnin…
CDNX slides further into bear country (November 27, 2000)
Canada’s junior exchange continued its month-long skid, as all indices remained in negative territory during the report period Nov. 15-21. The Canadian Venture Exchange composite index plunged 133.62 …
Exall retains Glimmer stake
An out-of-court settlement between Exall Resources (EXL-T) and Glimmer Resources (GME-V) has resolved the ownership battle for the Glimmer gold mine, east of Matheson, Ont.Exall will retain a 52% owne…
Junior hits mineralization
Four drill holes intersected gold mineralization in a 9-hole drill program conducted by Western Troy Capital Resources (WRY-C) in Menary Twp. in northwestern Ontario.The program tested a series of tar…
Freegold cuts high-grade
Denver — A one-hole diamond drilling program at the Golden Summit project in Alaska’s Fairbanks district has intercepted a new zone of high-grade gold mineralization.International Freegold Mineral De…
Northern Miner Indices (November 27, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
TSE Short Positions (November 27, 2000)
Short positions outstanding at November 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 185,965 down 281,628; Alcan Aluminium Ltd. 203,080 down 317,871; Anderson Exploration Ltd…