News
Odds ‘n’ sods: Remembering Harry Ferderber
The first time I met Harry Ferderber was in Cuba in the late 1970s. At the time, he was a well-known figure in the island country, and with his dark looks and thick black moustache, he resembled the M…
Crystallex backs Idaho Consolidated
Under the terms of a management agreement, Crystallex International (KRY-T) will provide technical support services for Idaho Consolidated Metals’ (IDO-V) exploration efforts at the Stillwater complex…
Dow clears 10,000 again
Denver — The Dow Jones industrial average rallied 617.03 points, or 6.5%, in the report period ended April 10, after a disastrous previous week, to close at 10,102.74.Mining issues were dragged along…
Mixed results at Alluviaq Fjord
Despite recovering some commercial-size stones from the Torngat 1 dyke in the Alluviaq Fjord area of northern Quebec, Twin Mining’s most recent surface sampling would seem to confirm the structure’s l…
First Quantum tackles debt
First Quantum Minerals (FM-T) has filed a preliminary prospectus to issue US$10-15 million worth of new shares.The financing, which is subject to regulatory and market conditions, will be restricted t…
Newmont to buy Lomeros
Denver — Newmont Mining (NEM-N) has signed an agreement to acquire the Lomero-Poyatos polymetallic property in Spain from junior Cambridge Mineral Resources.Situated in the Pyrite Belt of southern Sp…
Mining index drives CDNX higher
Vancouver — Canada’s junior exchange staged a strong rally, led by a triple-digit gain in the mining index, during the report period ended April 11. The Canadian Venture Exchange’s composite index cl…
Lamps still burning bright
Pauline Ring (ne Morisette) was seven when she learned that her father, Jean-Paul, was involved in a mining accident at the Teck-Hughes gold mine near Kirkland Lake, Ont.That day, Aug. 28, 1957, she …
US$12 million writedown pushes Canyon into the red
Denver — After writing down the value of the Briggs gold mine in southern California, Canyon Resources (CAU-X) posted a loss of US$12.1 million (or $1.03 per share) for 2000.Despite the loss, which c…
The Northern Miner — North American Mining Index (April 16, 2001)
70.60 (+4.10)(Sept. 30/98 = 100)…
TSE Short Positions (April 16, 2001)
Short positions outstanding at March 31, 2001Larger individual positions include:Alcan Inc. 938,368 down 102,162; Anderson Exploration Ltd. 4,609,007 up 196,810; Barrick Gold Corporation…