MOST ACTIVE ISSUES, JUNE 20-26
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Articles by Northern Miner Staff
PEOPLE (July 02, 2001)
Arena Gold — Louis-Marie Riopel appointed president.AMT Int’l Mining — John Hick appointed acting chairman and president.Manhattan — Peter Tegart appointed chairman of the board; Lawre…
Newmont targets RDN (July 02, 2001)
Vancouver — Newmont Exploration of Canada, a wholly owned subsidiary of Newmont Mining (NEM-N), is gearing up for a 1,200-metre drill program over Rimfire Minerals’ (RFM-V) RDN gold-silver property …
Novagold takes aim at Shotgun (July 02, 2001)
Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does not already own of the 1-million-oz. Shotgun gold property in southwestern Alaska.The …
Exchange Rates (July 02, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 26June 25June 22June 21June 20…
Rising stocks add to woes
Base metals continued their steep downtrend during the report period June 18-22. Prices have been falling steadily for four weeks now, and the major traded metals registered their fourth consecutive w…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Metallica rated a speculative buy
The increase in the share price of Metallica Resources (MR-T) to a recent 52-week high of $1.30 (off a year-low of 18) coincides with the release of assay results from a second round of drilling by N…
Canuck companies show pluck in Indochina; Aurora
Vancouver — Olympus Pacific Minerals (OYM-V) and its joint-venture partners, Ivanhoe Mines (IVN-T) and New Zealand-based Zedex, are going for gold in Vietnam, while Falconbridge…
Producer and Dealer Prices (July 02, 2001)
Antimony: Mid-mkt US$1,115/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.00/lb.Copper: Comex July US$0.718/lb.Indium: In…
Canadian Stock Exchange Indices (July 02, 2001)
— 52-week –DateJune 26June 25June 22June 21June 20High…
Drilling expands Millennium
Denver — Glamis Gold (GLG-N) is half-way through an 80,000-ft. drilling program at the Millennium project in Nevada, where it expects to outline a new resource.Glamis owns a 66.7% interest in Marigol…