Int’l Annax funds drilling at Dairi
Vancouver-based International Annax Ventures (IAX-V) has arranged a $500,000 brokered private placement with parent company Herald Resources of Australia for the purchase of up to 770,000 shares price…
Articles by Northern Miner Staff
Producer and Dealer Prices (April 30, 2001)
Antimony: Mid-mkt US$1,290/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.80-13.50/lb.Copper: Comex May US$0.762/lb.Indium: Ind…
LME Warehouse Levels (April 30, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 24/01 (change from April 17 in brackets):MetalStock (tonnes)ChangeAluminium466700…
Northern Miner Indices (April 30, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Anglo hits at Boyongan
Vancouver — Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a rare geological event at the Boyongan prospect on the Philippine island of Mindanao. The latest drill…
MK Gold permits Las Cruces
Armed with a positive feasibility study by Bechtel International, MK Gold (MKAU-O) is working to bring its Las Cruces copper deposit into production.The wholly owned project is on the eastern margin o…
Medinah funds Alto de Lipangue
Denver — Medinah Mining (MDMN-O) has raised US$5 million for development of the Alto de Lipangue gold-copper project in Chile by selling a 25% stake in the property to London-based Venture Capital Co…
Base metal miners start year in the black
The April 18-24 report period saw Canada’s biggest base metal producers issue a string of relatively healthy first-quarter earnings reports.Inco announced it had earned US$85 million or US42 a share …
Markets show modest gains
Given the numerous positive factors that emerged during the report period April 16-20, price gains in the metals markets were modest. Nickel led the way, but the average cash price gained only 1.5%; c…
Higher gold grades a boon for Freeport
Denver — Despite lower-than-anticipated metal prices, Freeport-McMoRan Copper & Gold (FCX-N) pocketed a profit of US$38 million, or 26 per share, in the first quarter.The Louisiana-based major, whic…
Radius seeks Guatemalan gold
Vancouver — Radius Explorations (RDU-V) is about to begin a first phase of reverse-circulation drilling at the Tambor gold project in Guatemala.The 20-hole, 2,500-metre program will focus on the Brid…
NB gold prospect shows potential
Sackville, N.B. — Drilling by Freewest Resources Canada (FWR-M) has encountered a broad intercept of high-grade gold mineralization at the Clarence Stream property in southwestern New Brunswick.While…