SouthernEra posts profit
Lower amortization costs translated into a modest profit for SouthernEra Resources (SUF-T) in the three months ended Sept. 30.Net earnings topped $701,000 (or 3 per share) on revenue of $5.1 million,…
News
Minefinders bullish on Dolores’ potential
Vancouver — An open-pit design of Minefinders’ (MFL-T) wholly owned Dolores property, in northern Mexico, shows that the Main deposit has robust economics.Based on prices of US$300 per oz. gold and U…
EVENTS (December 11, 2000)
Jan. 1-31, 2001 33rd Annual Canadian Mineral Processors Conference — Ottawa. Contact R.J. MacDonald. Tel: (613) 996-2283. Fax: (613) 996-9041.Jan. 18 Canadian Mining Hall of Fame — Royal York Hotel,…
Lottie Lake source eludes Hudson Bay
A short, 6-hole drill program by Hudson Bay Exploration & Development on the Lottie Lake sulphide prospect in central British Columbia has failed to find the source of high-grade copper boulders uncov…
Eldorado finances Turkish projects
Vancouver-based Eldorado Gold (ELD-T) will use at least half the proceeds from a recent $10-million brokered private placement to advance its projects in Turkey.A syndicate led by Loewen, Ondaatje, Mc…
Spot Prices Wed. December 6, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$270.85+$1.85Silver$ 4.71+$0.01Platinum$599.00-$1.00…
MOST ACTIVE ISSUES, NOV. 29-DEC. 5
ExchgVol(000s)HighLowCloseChangeWilliam ResT 23722 0.07 0.04 0.04 -0.03…
MEETINGS (December 11, 2000)
Dec. 12 Apogee Minerals — annual, general extraordinary; 10 a.m., Ste. 1500, 1055 W. Georgia St., VancouverDec. 12 Banro — annual, special; 10 a.m., Ste. 3900, 161 Bay St., TorontoDec. 12 Canaco…
Northern Miner Indices (December 11, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.6ComincoCLT-T4.0FalconbridgeFL-T6.9Franco-Nevada MiningFN-T5.3Freeport McMoRan Cop’r BFCX-N4.6Homestake MiningHM-N4….
Market improves after slump
Denver — The Dow Jones industrial average jumped 391.14 points, or 3.7%, to close at 10,898.72 for the report period ended Dec. 5. The rise reflected both the possibility of a interest rate cut and t…
Canadian Stock Exchange indices
DateDec. 5Dec. 4Dec. 1Nov. 30Nov. 29HighLowTSE 3009279.048944.70…
VBN redemption gets nod
At a special meeting in Toronto, shareholders of Inco’s (N-T) Class VBN shares (NV-T) voted in favour of amending the terms of the shares, thereby accepting a redemption offer from Inco.The company ca…