NAP mired in red
A production shortfall at its Lac des les mine, near Thunder Bay, Ont., contributed to a net loss in 1999 for North American Palladium (PDL-T).The loss amounted to $5.2 million on revenue of $44.6 mi…
News
VenCan acquires projects
As well as evaluate the potential of claims near the Edwards gold mine in southern Ontario, VenCan Gold (VCG-M) plans to explore newly acquired mineral projects in New Brunswick and Quebec.The Toronto…
Northgate secures funds for Kemess mine in B.C.
Northgate Exploration (NGX-T) has arranged a US$100-million financing package from Scotia Capital, which will be used to repay a portion of the US$145-million bridge loan provided by Trilon Financial …
Noranda cuts copper-gold
Drilling by Noranda (NOR-T) has encountered significant copper-gold mineralization at the El Morro porphyry property in north-central Chile.The major, which can earn a 70% interest in the property fro…
Mining’s gauntlet
It is a puzzle to some investors that mine permitting in Canada can be a merciless running of the gauntlet in one part of the country and a relatively painless experience in another. And many are amaz…
Producer and Dealer Prices (May 22, 2000)
Producer and Dealer PricesAntimony: Mid-mkt US$1,095/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$…
Taurus to bulk-sample Fenelon
An option agreement with Fairstar Explorations (FFR-T) sets the stage for International Taurus Resources (ITS-V) to carry out a bulk sample that could lead to a feasibility study of the Fenelon gold p…
Mining index posts gain despite western slump
The Canadian Venture Exchange (CDNX) index dropped 10.21 points, or 0.3%, to close at 3,439.57 over the report period ended May 16. The oil, gas and technology indices posted modest losses while the m…
LME Warehouse Levels (May 22, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 16/99 (change from May 9 in brackets):MetalStock (tonnes)ChangeAluminium627975(-3…
Spring triggers recommendations
The arrival of spring seems to have set off a flurry of interest in mining and exploration companies, though nervousness in the high-tech sector is perhaps the more likely reason why some investors ar…
NAME CHANGES (May 22, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
Spot Prices, Wed. May 17, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$274.85-$2.95Silver$ 5.04+$0.01…