Placer’s Cristinas deal stirs up controversy
Although trading volumes were low during the holiday-shortened report period of Aug. 1-7, there were nonetheless several developments in the Canadian mining scene.Reuters reported that Venezuelan stat…
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TSE Shorts (August 13, 2001)
Short positions outstanding at July 31, 2001Larger individual positions include:Agnico-Eagle 399893 up 193974; Alcan Inc. 1179917 down 135266; Anderson 5,367,864 up 741,970; Barr…
Northern Miner Indices (August 13, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Niobec strike settled (August 10, 2001)
Hourly rated employees at the Niobec niobium mine in the Lac St.-Jean area of Quebec have returned to work followin…
McWatters getting highway moved at Sigma
McWatters Mining’s (MCW-T) intense lobbying of three levels of government to move a portion of the main highway tha…
Philex trims losses
Vancouver — Despite higher production and increased grades at its Bulawan mine, low gold prices are prompting Phil…
General Minerals drops Escalones (August 10, 2001)
Vancouver — With a large lease payment due this month on the Escalones copper skarn project, Denver-based General…
Anglo approves Agnew budget
Vancouver — The world’s largest platinum-palladium producer has approved a $1.18-million budget for Pacific North…
Great Quest eyes Kenieba (August 10, 2001)
Vancouver — Great Quest Metals (GQ-V), a firm believer that gold prices will be heading higher, has added the Keni…
NovaGold raises cash for Donlin drilling
Junior NovaGold Resources (NRI-T) has inked private placement agreements to raise nearly $1.9 million for a drillin…
Trading Summary (August 10, 2001)
The Toronto Stock Exchange fell 50.56 points to end the holiday-shortened week at 7,644.7. Only three of its 14 sub…
IDO misses the mark at Stillwater
Vancouver — A seven-hole drill program by Idaho Consolidated Metals (IDO-V) has failed to cut any significant plat…