Summo bids for half-interest in Matrix
Denver — Junior Summo Minerals (SMA-T) has struck a deal with the two largest shareholders of Matrix Metals for the purchase of a 48% stake in the Australian copper producer.Summo will acquire 40% of…
Constellation Copper Corporation
Summo eyes Australian copper producer
Denver — Denver-based Summo Minerals (SMA-T) is in negotiations to acquire an equity interest in Australia-based Matrix Metals.Matrix operates the Mt. Cuthbert copper mine in northwestern Queensland….
Placer sinks as gold sags
Gold saw a little price action during the Jan. 17-23 report period as the Bank of England completed another gold auction, selling 803,600 oz. at US$268 per oz., with an over-allotment of 4.8 times.Ove…
Summo confirms Doctor mineralization
Preliminary drilling by Summo Minerals (SMA-T) has confirmed the presence of zinc mineralization at the former producing Doctor mine in Gunnison Cty., Colo.Between 1900 and 1938, Doctor cranked out 75…
Markets nosedive into new year
Stock trading on the first business day of 2001 was decidedly rocky, as fear of a slowdown in the U.S. economy spread north of the border and took its toll on markets here.The bellwether Toronto Stock…
Golds rise above broad market woes
Dragged down again by a troubled industrial sector, the Toronto Stock Exchange 300 index sank 251.43 points over the Nov. 15-21 report period to end the week at 9,013.86.Fairing a good deal better wer…
Nord gets green light for mine
A feasibility study has determined that the Johnson Camp copper mine near Tucson, Ariz., can be reopened profitably now that prices for the red metal have improved.Nord Resources (NRDS-O) purchased th…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — Majors sag as gold sinks below US$300 per oz.
The party came to an abrupt end during the Oct. 20-26 report period as gold nosedived US$19.35 to hit US$290.40 per oz. on the London morning fix of Oct. 27.During the last week of October, most of th…
Companies (July 19, 1999)
Adikann GoldfieldsAfrioreAlmaden ResourcesAnglo American Aquest MineralsAvalon VenturesBarrick GoldBlack Hawk MiningBreakwater ResourcesCamphor VenturesCons. Trillion ResourcesCumberland ResourcesDe B…
Nord sells interest in Sierra Rutile
Nord Resources (NRD-N) is selling its half-interest in Sierra Rutile, the now-dormant heavy mineral sands operation in Sierra Leone.The asset will be acquired by MIL Investments, Nord’s largest shareh…
BASE METALS — Nord banks on Johnson Camp project
Nord Resources (NRD-N) has picked up the past-producing Johnson Camp copper mine in southeastern Arizona at a time when the price of the red metal is at a 10-year low.The company issued 1.6 million sh…
Companies (June 28, 1999)
Aber ResourcesAurizon MinesBarrick GoldCambiorCamphor VenturesCanaco ResourcesClaude ResourcesCogema ResourcesComincoCSA ManagementDayton MiningDe Beers Consolidated MinesDenison MinesDia…