Liquidation takes toll on prices
Large-scale fund long liquidation ravaged base metals markets late on Friday, Feb. 9 and continued into the following Monday, erasing almost all this year’s gains in copper, nickel and zinc prices. Al…
News
Navigator, Canabrava cut kimberlite at Kat
The first hole of the 2001 winter drilling program on the Kat project in the Attawapiskat region of northern Ontario has intersected kimberlite.The Kat project forms part of the Severn joint venture, …
Morila
An option from De Beers Consolidated Mines (DBRSY-Q) is enabling Vaaldiam Resources (VRL-V) to widen its search for South African diamond deposits.The Toronto-based junior already holds options on fou…
Metal Prices (February 19, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 13Feb. 12Feb. 9Feb. 8Feb. 7Aluminium1607/1585.
AngloGold posts profits before writedowns
Denver — While gold production edged up and costs declined slightly in the fourth quarter, AngloGold (AU-N) recorded a profit of US$84.6 million before a writedown of US$92.9 million. The net loss fo…
The Northern Miner — North American Mining Index (February 19, 2001)
68.34 (-0.95)(Sept. 30/98 = 100)…
CDNX continues upswing (February 12, 2001)
Vancouver — Canada’s junior exchange continued its bull run, posting modest gains on all indicies during the report period ended Feb. 6. The Canadian Venture Exchange composite index added 49.66 poin…
News – 12-FEB-01 (February 12, 2001)
De Beers Canada Mining has filed for a water licence and land-use permit to develop an underground diamond mine at Snap Lake in the Northwest Territories.The move came just days after the Canadian sub…
Sopko retiring as Inco’s profit soars
Just hours after the company tabled a stellar US$400-million profit for 2000, Inco (N-T) Chairman and Chief Executive Officer Michael Sopko announced he will step down from both positions immediately …
Latitude eyes option in Oregon
Denver — Junior Latitude Minerals (LTU-V) has signed a 60-day option agreement to acquire the Golden Revenue property in southwestern Oregon.The company is carrying out due diligence work, including …
GREATEST VALUE TRADED, JAN. 31-FEB. 6
ExchgVal($000s)HighLowCloseChangeAlcoa*N 851224 38.45 35.36 37.24 +1.82…
Radius discovery advances El Tambor
Guatemala City, Guatemala — Trench-sampling over 15 sq. km of the El Tambor project in Guatemala has outlined a new gold discovery for junior Radius Exploration (RDU-V).Over the past year, the Simon …