Exchange Rates (May 28, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 22May 21May 18May 17May 16US$ in C$1.5407Holiday1.53301.5358…
Articles by Northern Miner Staff
Expatriate seeks extension
A US$5-million financing with Resource Capital Fund II has collapsed, leaving Expatriate Resources (EXR-V) unable to complete a $1-million payment to Cominco (CLT-T) that was due May 24.Expatriate has…
Too close for comfort
April was the cruelest month, and we were amid the deafening stillness that is the Ungava region in far-northern Quebec.Surrounded by desolated shores and mountains, we journeyed farther north.Left al…
Aredor closing extended
London-based Rio Tinto (RTP-N) has agreed to extend the closing date of an agreement allowing it to earn a 53% interest in the Aredor kimberlite project from Trivalence Mining (TMI-V).The potential pa…
Staff Investment Policy (May 28, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Tiberon outlines Nui Phao deposit
Vancouver — Junior Tiberon Minerals (TBR-V) has again tabled encouraging results from its Nui Phao tungsten project, north of Hanoi, Vietnam.Drilling is focused on a large geophysical anomaly known a…
River slips deeper in red
Low gold prices and grades combined with higher fuel prices to land River Gold Mines (RIV-T) $1.9 million in the red during the first quarter.The 6-per-share loss compares with a loss of $500,000, or…
Echo Bay improves performance
Denver — Higher gold output, offset by declining silver production, contributed to an improved first quarter for Echo Bay Mines (ECO-X).Gold production during the first three months of 2000 reached 1…
Producer and Dealer Prices (May 28, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.80/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.25-12.25/lb.Copper: Comex July US$0.7915/lb.Indium: I…
Resource indices breach 7000 mark
Vancouver — The resource indices fueled the continued bull run on Canada’s junior exchange over the holiday-shortened week ended May 22. The Canadian Venture Exchange composite index soared 100.28 po…
MOST ACTIVE ISSUES, MAY 16-22
ExchgVol(000s)HighLowCloseChangeKinross GoldT 302251.550.981.39+0.44…
Major funds search for PGMs
Teck (TEK-T) has completed a $250,000 flow-through financing in each of East West Resource (EWR-V) and Canadian Golden Dragon Resources (CGG-V) and reached a deal with the pair to explore eight…