Namco wards off liquidators
Namibian Minerals (NMR-T) has raised US$9.4 million in a private placement and brokered a long-term marketing agreement to ward off bankruptcy.The company was forced to halt its marine diamond product…
News
BC Geological Survey organizes Cordilleran field trip
The British Columbia Geological Survey and the University of Victoria are organizing a 10-day field trip, beginning May 13, to examine several mineral deposits in the province’s southern region and no…
Anglo seeks to boot Anaconda management
Anaconda Nickel’s controlling shareholder, Anglo American (AAUK-Q), has finally blown a fuse over the slow progress of Anaconda’s Murrin Murrin nickel project in Western Australia, and is seeking a sh…
White House rethinks land regulations
Denver — The administration of U.S. President George W. Bush has heeded pleas by the mining industry and suspended implementation of new rules that deal with hardrock mining on public land.Through th…
Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…
Spot Prices Wed. March 28, 2001Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$261.20 $0.00Silver$ 4.43+$0.09…
TSE wipes brow after recent debacle
Easing its downward spiral of late, the broad market fell less than a point over the March 21-27 report period, to finish the week at 7,751.33.Even gold has regained its composure, trading unchanged a…
Metal Prices (April 02, 2001)
DateMarch 27March 26March 23March 22March 21BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Canadian Stock Exchange Indices (April 02, 2001)
— 52-week –DateMarch 27March 26March 23March 22March 21High…
Avalon cuts mineralization at East Braintree tantalum project
Vancouver — Two holes drilled at the Lucy North prospect, part of the East Braintree tantalum project in southeastern Manitoba, have returned encouraging values for partners Avalon Ventures (AVL-V) a…
Repadre in black despite year-end writedown
Improved earnings from the Tarkwa gold mine in Ghana meant Repadre Capital (RPD-T) turned a profit of $2.7 million on revenue of $8.9 million in 2000, while taking a $3-million charge against assets o…
New vein hit at San Jeronimo
Vancouver — A 6-hole drill program by Peruvian-based Mauricio Hochschild & Compania has hit a new silver vein on Western Copper Holdings’ (WTC-T) San Jeronimo property in Zacatecas state, Mexico.Thre…