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…
News
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…
The Northern Miner — Small Producers Index (April 16, 2001)
46.26 (-1.66)(Sept. 30/98 = 100)…
Smaller top line throws Rio Narcea for a loss
The combination of a lower gold price and a production shortfall at the El Valle mine in northwestern Spain resulted in a US$4.8-million loss for Rio Narcea Gold Mines (RNG-T) in 2000.The loss include…
LME Warehouse Levels (April 16, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 10/01 (change from April 3 in brackets):MetalStock (tonnes)ChangeAluminium47100…
Metal Prices (April 16, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 10April 9April 6April 5April 4Aluminium1500/1…
Exchange Rates (April 16, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 3April 2 April 30April 29April 28…