LME Warehouse Levels (September 04, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 29/00 (change from Aug. 22 in brackets):Metal Stock(tonnes) Change…
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Metal Prices (September 04, 2000)
DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Golden Star adds to holdings in Ghana
Golden Star Resources (GSR-X) has consolidated its position around the Bogoso gold mine in Ghana by signing a letter-of- intent to acquire a 90% stake in the nearby Prestea property.South Africa’s JCI…
GeoNova eyes Bachelor Lake
For $4.75 million in cash and shares, Montreal-based junior GeoNova Explorations (GNE-M) is acquiring Ced-Or’s (COQ-M) interests in the Bachelor Lake gold mining complex.Situated in Quebec’s Le Sueur …
Northern Miner Indices (September 04, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T22.7ComincoCLT-T3.8FalconbridgeFL-T7.0Franco-Nevada MiningFN-T5.8Freeport McMoR…
NDT to explore Antana gold project
NDT Ventures (NDE-V) is drawing up plans to explore the Antana gold project in southern Peru.The bulk-tonnage, low-grade target is in Azangaro province, near the town of Juliaca. The concession measur…
Sunshine dims under cloud
Silver explorer Sunshine Mining & Refining has filed for protection under chapter 11 of the U.S. bankruptcy act.The company has proposed a plan of reorganization with the approval of its four largest …
Canadian mining: leaders in productivity
An information bulletin from Natural Resources Canada states that annual productivity growth in the country’s minerals and metals sector exceeded that of the total economy between 1984 and 1998.(The m…
CDNX grabs bull by horns
Canada’s junior exchange ended the report period Aug. 23-29 on a high note, with all indices posting gains. The Canadian Venture Exchange composite index jumped 64.61 points, or 1.9%, to finish the we…
Canadian Stock Exchange Indices (September 04, 2000)
DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23HighLowTSE 300111…
Richmont in black again
A second good quarter is the reward for the bookkeeping adjustments made in 1999 by small gold producer Richmont Mines (RIC-T).Richmont, which operates gold mines in Quebec and Newfoundland, earned $1…
Billiton trumps Noranda’s bid for Rio Algom
The big story during the Aug. 23-29 report period was the surprise $1.7-billion ($27 per share) cash offer for Rio Algom by British giant Billiton, which currently produces aluminum, iron ore, nickel …