Cambiex to tie knot with Dundee
Gold explorer Cambiex Exploration (CBX-T) and closed-end investment company Dundee Precious Metals (DPM.A-T) have agreed to merge.Montreal-based Cambiex, which is changing its name to Hope Bay Gold Co…
News
Northern Miner Indices (July 03, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.0ComincoCLT-T3.9FalconbridgeFL-T8.2Franco-Nevada MiningFN-T5.2Freeport McMoR…
Placer ices Las Cristinas as Crystallex plans mine
‘Thou shalt not covet thy neighbour’s mine’ is the poorest kept commandment in the mining business, though few companies are as brazen as Crystallex International (KRY-T) in breaking it. The junior re…
Producer and Dealer Prices (July 03, 2000)
Antimony: Mid-mkt US$1,250/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.23/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$14.95-16.40/lb.Copper: Comex July US$0.8175/lb.Indium: I…
Asquith drills Roandji gold property
Asquith Resources (ASQH-C) and Axmin, a privately held exploration company, have released preliminary results from infill drilling on the 2,000-sq-km Roandji gold property, which occupies an Archean g…
Cygnus bombs
Ashton Mining of Canada (ACA-T) has recovered low diamond counts from a recent kimberlite discovery in the Northwest Territories and from additional mini-bulk sampling on an Alberta kimberlite.The Cyg…
Sunshine seeks debt relief
Yet again, Sunshine Mining & Refining (SSC-N) has pushed back the maturity date for its 8% senior exchangeable notes until June 30.The Idaho-based silver company does not have the resources to pay the…
PEOPLE (July 03, 2000)
Boliden — Thomas Cederborg appointed executive vp and chief operating officer.Cabo — Stanley Feinerman appointed director.Cathedral — Mark Bentsen, Herman Hartley, Donald Sabo appointe…
Teck tenders offer for Cominco shares
Seeing robust growth in its 45.1% equity stake in base metal major Cominco (CLT-T), Teck (TEK-T) has tendered an offer to buy an additional 4 million shares at $25 per share.The $100-million bid repre…
Spot Prices – Wed. June 21, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$286.60+$0.55Silver$ 5.02+$0.02…
Exchange Rates (June 26, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 20June 19June 16June 15June 14…
MOST ACTIVE ISSUES, June 14-20
ExchgVol(000s)HighLowCloseChangeAlcoa*N 19520 32.00 28.44 30.06 +2.00…