Nickel’s fickle, zinc sinks
Aug. 6-10 was another poor week for base and precious metals prices, characterized by declines right across the board and week-on-week losses in all markets except gold. After tin (which registered a …
News
Red Cliff confirms mineralized horizon
A 6-hole program by optionee Noranda (NRD-T) at the Red Cliff copper prospect in Newfoundland has confirmed copper-silver values in a mineralized horizon exposed at the Blue Point showing.Noranda, whi…
Pan American in red despite higher output
Vancouver — Despite an increase in production, Pan American Silver (PAA-T) suffered a loss in the second quarter, reflecting a 26-year low for silver prices.The company posted a net loss of US$2.8 mi…
Sherritt profits down
Nickel producer Sherritt International (S-T) saw lower profits in the first half of the year, owing to shrinking prices for its principal commodities and higher energy costs.During the six months ende…
MK Gold advances Las Cruces
Now that mining has ended at the Castle Mountain operation in California, MK Gold (MKAU-O) is focusing all its efforts on permitting and financing the Las Cruces copper project in Spain’s Iberian Pyri…
LME Warehouse Levels (August 20, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 14/01 (change from Aug. 7 in brackets):MetalStock (tonnes)ChangeAluminium677125(…
The Northern Miner — Small Producers Index (August 20, 2001)
45.79 (+0.98)(Sept. 30/98 = 100)…
Spot Prices Wed. August 15, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$276.35+$9.85Silver$ 4.23+$0.07Platinum$427.00-$…
Ashton tests northern projects
It continues to be business as usual for Ashton Mining of Canada (ACA-T), while Rio Tinto (RTP-N) shops around a 65.9% stake in the diamond explorer.Rio acquired the controlling block in late 2000 thr…
IDO misses the mark
Vancouver — A 7-hole drill program by Idaho Consolidated Metals (IDO-V) has failed to cut any significant platinum-palladium mineralization at the Stillwater property in Montana.Five of the holes wer…
Silver-based compound fights bacteria
Teva footwear products, marketed by Deckers Outdoor Group, will soon be available with a silver-based antimicrobial compound that is effective in combating a broad range of bacteria, mold and mildew.T…
The Northern Miner — North American Mining Index (August 20, 2001)
72.84 (+3.78)(Sept. 30/98 = 100)…