Merger part of Etruscan strategy
In an attempt to expand its African holdings, Etruscan Resources (EET-T) has entered into an agreement to merge with Mountain Lake Resources (MOA-V).Subject to due diligence, the companies plan to mer…
News
Weak gold price spells loss for Newmont
Denver — Despite strong cash flow, Newmont Mining (NEM-N) incurred a loss of US$18.7 million (or 11 per share) in the third quarter, compared with a loss of US$39 million (23 per share) in the corr…
GREATEST VALUE TRADED, Oct. 25-31
ExchgVal($000s)HighLowCloseChangeAlcoa*N 708828 29.06 24.06 28.69 + 3.75…
Check-sampling yields low values from ‘high-grade’ project
Check-sampling by Brett Resources (BRN-V) has returned low gold values from previously reported “high grade” areas at the Victoria project in northern Bolivia, near the Peruvian border.The junior bega…
Regulators penalize Schillers
The British Columbia Securities Commission has banned the former president of The Quinto Mining Corp. (QU-V) and his wife from capital markets for 15 years and levied fines of $50,000 against the pair…
EVENTS (November 06, 2000)
Nov. 6-8 New Brunswick Dept. of Natural Resources and Energy: Annual Review of Activities — Sheraton Hotel, Fredericton, N.B. Contact: Carol McNeill-Dobbelsteyn or Don Carroll. Tel: (506) 453-2206. F…
Analyst keeps close watch on Aber Diamond
Dorothy Atkinson was a government geologist based in Yellowknife during the heady days of the diamond rush in the Northwest Territories. Today, as senior mining analyst for IPO Capital, she’s keeping …
Exchange Rates (November 06, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 31Oct. 30Oct. 27Oct. 26Oct. 25…
Cambior gains extension
Financially beleaguered Cambior (CBJ-T) has been granted another one-month extension to submit an arrangement to repay or refinance the balance of its bank loan by the end of 2000. The company now has…
Producer and Dealer Prices (November 06, 2000)
Antimony: Mid-mkt US$1,630/t.Bismuth: Mid-mkt US$3.70/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.00-16.80/lb.Copper: Comex Dec. US$0.8485/lb.Indium: I…
Dow leaves miners behind
Denver — The Dow Jones industrial average bounded up 578.07 points, or 5.6%, during the report period ended Oct. 31, erasing losses from two weeks ago, though mining issues were mixed.Spot gold on th…
Jittery western market loses ground
Vancouver — Canada’s junior exchange posted losses on all fronts during the report period ended Oct. 31. The Canadian Venture Exchange composite index dropped 66.57 points, or 2%, to finish the week …