Mixed results at Alluviaq Fjord
Despite recovering some commercial-size stones from the Torngat 1 dyke in the Alluviaq Fjord area of northern Quebec, Twin Mining’s most recent surface sampling would seem to confirm the structure’s l…
News
Odds ‘n’ sods: Remembering Harry Ferderber
The first time I met Harry Ferderber was in Cuba in the late 1970s. At the time, he was a well-known figure in the island country, and with his dark looks and thick black moustache, he resembled the M…
First Quantum tackles debt
First Quantum Minerals (FM-T) has filed a preliminary prospectus to issue US$10-15 million worth of new shares.The financing, which is subject to regulatory and market conditions, will be restricted t…
Lamps still burning bright
Pauline Ring (ne Morisette) was seven when she learned that her father, Jean-Paul, was involved in a mining accident at the Teck-Hughes gold mine near Kirkland Lake, Ont.That day, Aug. 28, 1957, she …
US$12 million writedown pushes Canyon into the red
Denver — After writing down the value of the Briggs gold mine in southern California, Canyon Resources (CAU-X) posted a loss of US$12.1 million (or $1.03 per share) for 2000.Despite the loss, which c…
LME Warehouse Levels (April 16, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 10/01 (change from April 3 in brackets):MetalStock (tonnes)ChangeAluminium47100…
Metal Prices (April 16, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 10April 9April 6April 5April 4Aluminium1500/1…
Exchange Rates (April 16, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 3April 2 April 30April 29April 28…
LionOre, partners find gold near Thunderbox
A group led by Australia’s LionOre Mining International (LIM-T) has discovered a gold prospect 7 km south of the company’s Thunderbox gold deposit in Western Australia’s northeastern goldfields.Named …
Corner Bay a top pick in the junior sector
Corner Bay Silver (bay-t) will carry out a bankable feasibility study of its Alamo Dorado project in northwestern Mexico, drawing on proceeds from a $5.5-million financing completed late last year wit…
South Deep strike ends
Workers at the South Deep mine in South Africa have ended their week-old labour dispute.South Deep is a 50-50 joint venture between Placer Dome (PDG-T) and South Africa’s Western Areas. Placer purchas…
Newmont to buy Lomeros
Denver — Newmont Mining (NEM-N) has signed an agreement to acquire the Lomero-Poyatos polymetallic property in Spain from junior Cambridge Mineral Resources.Situated in the Pyrite Belt of southern Sp…