Signs of hope for base metals
In the immediate term, base metals prices are in a more robust state than they have been for some time. Copper prices ended the report period Nov. 12-16 up 7.1%, aluminum was 6.7% stronger, and zinc g…
News
Sigma suspension weighs on McWatters (November 26, 2001)
With operations suspended at the Sigma-Lamaque open-pit gold mine in Val d’Or, Que., McWatters Mining (MCW-T) incurred a quarterly loss for the period ended Sept. 30.The loss amounted to $1.7 million …
Writedowns affect Manhattan’s earnings
Vancouver — Writedowns on the sale of its Mexican operations have prompted Manhattan Minerals (man-t) to restate losses for the 3- and 9-month periods ended Sept. 30, 2000.Excluding the charge from d…
Northern Dynasty eyes Alaskan porphyry belt
Vancouver — Large copper-gold porphyry intrusions typically occur in clusters, and Northern Dynasty Minerals (NDM-V) is hoping the area around its newly acquired Pebble deposit in Alaska is no except…
Geochemistry from a hundred metres up
Ontario-based Ekwan Technologies is hoping to take a stranglehold on what it believes will be a large emerging market for an airborne system that maps geochemical alteration over large areas. The syst…
Orezone nabs Seguenega from Repadre Capital
Toronto-based Orezone Resources (ORZ-T) has added the Seguenega gold project in Burkina Faso to its exploration portfolio in West Africa.In return for a 90% stake, Orezone issued 200,000 shares to Rep…
Golds fall again while nickel majors climb
Gold just can’t cut a break these days: spot prices fell steadily throughout the Nov. 14-20 report period to settle at a London morning fix of US$273.15 per oz. on Nov. 21. The yellow metal has lost n…
Diamondex gains ground
Randy Turner’s Diamondex Resources (DSP-V) has struck an agreement to acquire a 70% interest in the Peregrine property in Nunavut.Situated in the emerging Coronation Bay kimberlite camp, 520 km north …
Ashton boosts offering to $8m
Higher-than-expected demand for a $3-million brokered flow-through financing priced at a $1.10 per unit has led Ashton Mining of Canada (ACA-T) to raise an additional $1 million under the same terms.A…
Opawica execs beef up holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Birim Goldfields (BGI-T) — Denis Simoneau, director, bought 200,000 shares …
Southern Rio gains BC foothold (November 26, 2001)
Shifting its focus from South America to precious metal properties in Canada, Southern Rio Resources (SNZ-V) has inked a deal to acquire the Duke copper property, 30 km west of Merritt, B.C.In return,…
Consolidation afoot in Free State
Joint bidders Harmony Gold Mining (HGMCY-Q) and African Rainbow Minerals (ARM) have succeeded in their offer to buy the Free State assets of AngloGold (AU-N) for R2.2 billion in cash.R1.8 billion is p…