Program boosts Samira/Libiri
A summer drill program has expanded the newly discovered Libdorado gold zone and potentially added to the existing resource base at the Samira Hill/Libiri project in Niger, West Africa.Partners Etrusc…
News
Homestake closes namesake mine
After more than a century of production, the venerable Homestake gold mine in Lead, South Dakota, will cease mining and milling operations at the end of 2001.The decision to close America’s oldest gol…
MOST ACTIVE ISSUES, Sept. 6-12
ExchgVol(000s)HighLowCloseChangePlacer DomeT 15414 15.25 13.30 14.55 + 1.00…
Financial woes mount for Imperial
Despite cost-cutting efforts, Imperial Metals (IPM-T) is still not producing profits at its Mount Polley and Huckleberry copper mines in B.C.The company lost $4.4 million, or 5 per share, on revenues…
Cominco flashes green light for Pend Oreille
With the Sullivan and Polaris mines scheduled to close in the next two years, Cominco (CLT-T) will spend US$70 million to reopen the past-producing Pend Oreille zinc-lead mine near Metaline Falls in n…
GREATEST VALUE TRADED, Sept. 6-12
ExchgVal($000s)HighLowCloseChangeAlcoa*N 360517 34.12 30.00 30.19 – 3.62…
Metal Prices (September 18, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 12Sept. 11Sept. 8Sept.
CDNX loses momentum owing to technology sell-off
Canada’s junior exchange finished the trading week ended Sept. 12 flat, with losses in the technology index offset by gains in the mining and oil and gas sectors. This is a reversal of the trend at th…
LME Warehouse Levels (September 18, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 12/99 (change from Sept. 5 in brackets):MetalStock(tonnes)Change…
Summo receives positive study for Lisbon Valley
With a bankable feasibility study in hand, Summo Minerals (SMA-T) plans to raise US$57 million to build a mine at its Lisbon Valley copper project in southeastern Utah.The property is fully permitted …
Minera Andes signs deal
A Peruvian mining company has set its sights on a silver-gold property held by Minera Andes (MAI-V) in Santa Cruz province of southern Argentina.Lima-based Mauricio Hochschild & Compania recently sign…
Fortune drills Nico
Once results from a 25-hole drill program are in hand, Fortune Minerals (FT-T) expects to release an updated resource estimate for the Nico cobalt-gold-bismuth deposit 160 km northwest of Yellowknife,…