Silver Standard picks up mine
Vancouver — Silver Standard Resources (SSO-V) plans to move ahead with the purchase of Kinross Gold’s (K-T) past-producing Candelaria silver mine in western Nevada.The junior will pay $100,000 and is…
2001
Vista writes down asset
Denver — Low gold prices have forced Vista Gold (VGZ-X) to write down the value of the Amayapampa property in Bolivia, resulting in a net loss for the year of US$13.2 million (or 15 per share).The l…
Western Pacific eyes D’Aguilar
Edmonton-based Western Pacific Gold (WPI-V) has taken a shine to the D’Aguilar gold mine project, 40 km west of Gympie in southeast Queensland, Australia.The junior recently signed an agreement with t…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Kvaerner wins safety award
Kvaerner, the London-based engineering and construction group, has received a safety award for its work at the El Tesoro copper project, near Antofagasta, Chile.The award, presented by the local, non-…
Northern Miner Indices (April 09, 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….
DiamondWorks completes Lyndhurst transaction
Following a 20-to-1 share consolidation, DiamondWorks (dmw-t) has completed a restructuring agreement with Lyndhurst, a privately held, British-based mining holding company.Under the deal, DiamondWork…
Haileybury to open ‘rock garden’
The town of Haileybury, Ont., about 100 km northwest of North Bay, never promised the world a rose garden, but it will soon make good on its promise of a rock garden.In mid-July, the Haileybury School…
Loonie, gold, 300 index fall in tandem
Casting a shadow over the market, sellers outpaced buyers to knock 306.95 points off the TSE 300 index during the March 28-April 3 report period. The benchmark ended the week 4% lighter, at 7,444.38.P…
Mining index flat as CDNX remains mired
Vancouver — The Canadian Venture Exchange finished the report period ended April 3 down 80.5 points, or 2.7%, at 2,908.21. The mining index followed suit, losing 72.9 points to close at 6,001.8, off …
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Romarco sells Nevada assets
Denver — Romarco Minerals (R-T), a former high-flying junior based in Nevada, has sold its exploration assets to privately owned Metallic Ventures.Romarco’s main asset is the Goldfield project in sou…