Fronteer samples Birch-Uchi properties
Fronteer Development Group (YFV-V) reports significant results from initial exploration of its Sandy Point and Shanty Bay properties, northeast of Red Lake, Ont.At the Sandy Point property, 22 grab sa…
News
Gold Funds (November 26, 2001)
Dundee Precious MetalsCentral FundNet Value$13.10$5.30Price$9.30$5.26Discount29.01…
Mining index increases momentum
Vancouver — The report period ended Nov. 20 saw the third consecutive 3-digit gain for the mining sector. Nothwithstanding a poor performance by the oil and gas sector, the Canadian Venture Exchange …
Newmont still volume leader
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …
WMC rejects Alcoa bid
The board of directors of Australia’s WMC (WMC-N) has rejected a confidential approach by U.S.-based aluminum giant Alcoa (AA-N) to acquire all the outstanding shares in WMC for a A$10.20-per-share ca…
Platosa yields mixed results (November 26, 2001)
Vancouver — Three drill holes at the Platosa base metal property in west-central Mexico have returned significant mineralization for Excellon Resources (EXN-V).Two of the holes tested the lateral off…
GREATEST VALUE TRADED, NOV. 14-20
ExchgVal($000s)HighLowCloseChangeFranco-NevT93366825.1021.9023.200.00…
World’s largest copper mine slashes production by 10%
A serious fall in the demand for copper has caused BHP Billiton (BHP-N) to reduce production at the Escondida and Tintaya operations in South America by an estimated 170,000 tonnes on an annualized ba…
Scrap recycling
The recycling business has become an increasingly important segment of the precious metals markets. It gained more attention in recent years as market participants have looked to other sources of meta…
The Northern Miner — North American Mining Index (November 26, 2001)
65.46 (-2.40)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (November 26, 2001)
44.74 (-1.83)(Sept. 30/98 = 100)…
Dia Bras eyes Guinean diamonds (November 26, 2001)
Montreal-based Dia Bras Exploration (DIB-V) has reached an agreement with Sagem, a private Guinean company, to earn a 60% interest in the Banankoro diamond permit.To do so, Dia Bras must pay $50,000 a…