Inmet drills Lemoine
Four drill holes at the Lemoine property, 25 km southeast of Chibougamau, Que., have returned low-grade intersections for operator Inmet (IMN-T) and partner Loubel Exploration (LBX-V).Inmet, which is …
Articles by Northern Miner Staff
Ashton reports new find at Otish
Vancouver-based Ashton Mining of Canada (ACA-T) has discovered a second kimberlitic-type body in the Otish Mountains region of north-central Quebec.A hole drilled vertically into a geophysical anomaly…
METAL PRICES (October 29, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17Aluminium…
Oliver poised to merge with private company
Vancouver — Oliver Gold (OGO-V) has proposed merging with privately owned Hastings Resource, which holds the rights to the Ona-Puma nickel laterite project, in the northern Brazilian state of Par.H…
Inco squeaks out third-quarter profit
Despite precipitous declines in nickel and copper prices during the third quarter, Inco (N-T) managed to bank a US$33-million profit on sales revenue of US$434 million.The earnings figure, which inclu…
Santa Rosa yields gold for refining
From its pilot plant at the Santa Rosa project in southeastern Peru, Andean American Mining (AAG-V) has delivered the first 7.8 kg of gold concentrates for refining. The shipment sold for US$282.60 pe…
PEOPLE (October 29, 2001)
Alcan — Clarence Chandran and Brian Levitt appointed directors.Cream Minerals — Ferdinand Holcapek appointed director.Diamondex — James Eccott appointed director.Idaho Cons…
Canadian Stock Exchange Indices (October 29, 2001)
DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17HighLowTSE 3006904.246905.216910.966899.966956.78…
MOST ACTIVE ISSUES, OCTOBER 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N1443334.2331.3033.75+0.94…
Millennium, PGM join forces at Lac des les
A merger between New Millennium Metals (PGM-V) and Platinum Group Metals (PTG-V) is designed to consolidate the juniors’ land positions in the Lac des les region of northwestern Ontario.The deal, whi…
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…
Kennecott targets GQ stones (October 29, 2001)
An agreement with Band-Ore Resources (BAN-T) sets the stage for Kennecott Canada Exploration to earn a majority interest in the GQ diamond property, near Wawa, Ont.Kennecott, which is a unit of Rio Ti…