Bulls run in metals markets
Metals markets are looking increasingly bullish: copper and aluminum have both achieved new highs in the current cycle; nickel and zinc are trading at just below their recent highs; and even gold has …
News
Goldcorp boosts reserves
Underground delineation drilling by Goldcorp (G-T) has resulted in a 17% increase in reserves at the Red Lake mine in northwestern Ontario.Reserves in the High Grade zone now stand at 1.5 million tonn…
Manatial Espejo yields more bonanza silver
Drilling at the Manantial Espejo project in southern Argentina has intersected bonanza silver grades for partners Silver Standard Resources (SSO-V) and Black Hawk Mining (BHK-T).Silver Standard can ea…
CDNX surges on high-tech trading
The Canadian Venture Exchange continued to defy gravity during the report period ended Jan. 18, as internet and high-tech stocks dominated the most active list. The index surged 131.47 points, or 5%, …
Eldorado issues special warrants for Turkish projects
To fund exploration of its projects in Turkey and elsewhere, Eldorado Gold (ELD-T) has arranged an $8.5-million financing.National Bank Financial will place up to 9.5 million special warrants of Eldor…
Ecuadorian’s drilling falls short
The latest drill results from the Vetaspata gold property in southwestern Peru are disappointing compared with the first batch.Ecuadorian Minerals (EMC-T) reports that the last seven holes of the 19-h…
Miners to meet in Mexico
Government officials, property owners and representatives of mining companies will meet in late March to discuss opportunities and share information related to the mineral potential of northern Mexico…
METAL PRICES (January 24, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJan. 18…
INSIDER TRADING (January 24, 2000)
On Nov. 26, 1999, four days before his company announced another quarterly loss, Herbert Abramson indirectly sold 2.3 million shares of St Andrew Goldfields (SAS-T) at 38 each to hold 1,561 shares in…
Copper
Canada’s Department of Indian Affairs and Northern Development (DIAND) has refused to issue Aber Resources (ABZ-T) and Rio Tinto) a land-use permit that would allow certain activities at the Diavik di…
Western Copper cuts high-grade silver
A 4-hole drill program by Western Copper Holdings (WTC-T) has cut both “massive-sulphide-style” and “vein-style” silver-lead-zinc mineralization at the San Jeronimo project in central Mexico.Hole 3 te…
Aur launches hostile bid for Cambior
Junior copper producer Aur Resources (AUR-T) has launched an all-share takeover bid for Cambior (CBJ-T) at a time when the ailing Montreal-based gold miner is weakened as a result of its failed hedgin…