Mining index increases momentum
Vancouver — The report period ended Nov. 20 saw the third consecutive 3-digit gain for the mining sector. Nothwithstanding a poor performance by the oil and gas sector, the Canadian Venture Exchange …
Articles by Northern Miner Staff
Newmont still volume leader
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …
WMC rejects Alcoa bid
The board of directors of Australia’s WMC (WMC-N) has rejected a confidential approach by U.S.-based aluminum giant Alcoa (AA-N) to acquire all the outstanding shares in WMC for a A$10.20-per-share ca…
Dia Bras eyes Guinean diamonds (November 26, 2001)
Montreal-based Dia Bras Exploration (DIB-V) has reached an agreement with Sagem, a private Guinean company, to earn a 60% interest in the Banankoro diamond permit.To do so, Dia Bras must pay $50,000 a…
Maude Lake earns its half of Comtois ground
Montreal-based Maude Lake Exploration (MAU-V) has acquired a half-interest in 130 claims owned by Cameco (CCO-T) at the 185-claim Comtois gold property, west of Lebel-sur-Quevillon, Que.The deal was r…
Gayot reveals more mineralization (November 26, 2001)
Partners Virginia Gold Mines (VIA-T) and BHP Billiton (BHP-N) have discovered more polymetallic mineralization in Quebec’s Caniapiscau Reservoir area, northwest of Schefferville.Channel sampling yield…
Producer and Dealer Prices (November 26, 2001)
Antimony: Mid-mkt US$1,225/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec. US$0.673/lb.Indium: Indi…
Daily Metal Prices (November 26, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14Aluminium1352/1367.501375/1389.501370/1388…
PEOPLE (November 26, 2001)
Tyler Res. — James Devonshire appointed president.Ivanhoe — Edward Flood appointed deputy chairman; Hugo Dummett appointed executive vice-president of project development; Pierre Masse appointed chi…
Placer cuts Madsen updip
Drilling by Placer Dome (PDG-T) at Claude Resources (CRJ-T) has intersected four zones of gold mineralization at the historic Madsen mine in Ontario’s Red Lake camp.The effort was aimed at testing for…
Pacific NW Capital explores River Valley
With another $2.3 million in the till, Pacific North West Capital (PFN-T) is resuming exploration drilling at its River Valley platinum-palladium project, near Sudbury, Ont.To date, 138 holes at the D…
Esquel looking good for Brancote
The Esquel gold project in southern Argentina has enough reserves to sustain a proposed 5,000-tonne-per-day open-pit mine for 6.5 years, and London-based Brancote Holdings believes it can find additio…