Kikerk find yields stones
A kimberlite discovery at the Kikerk Lake property in the north Slave Craton region of Nunavut has returned a significant number of microdiamonds.Ashton Mining of Canada (ACA-T) unearthed the Potentil…
News
LME Warehouse Levels (November 05, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 30/01 (change from Oct. 23 in brackets):Metalstock (tonnes)ChangeAluminium700175…
Geita powers Ashanti
Ghana-based Ashanti Goldfields (ASL-N) saw its profits nearly double during the third quarter, thanks in part to increased production at its 50%-owned Geita mine in Tanzania.Earnings totalled US$14.5 …
Getchell drags down Placer (November 05, 2001)
Vancouver — A US$292-million writedown on the Getchell mine, near Winnemucca, Nev., pushed North America’s fourth-largest gold miner deep into the red during the third quarter.The one-time charge cau…
Barrick earnings slip
Lower production and higher costs combined to reduce third-quarter earnings for Barrick Gold (ABX-T).Net earnings topped US$66 million (or 17 per share) in the three months ended Sept. 30, US$20 mill…
Northern Miner Indices (November 05, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Exchange Rates (November 05, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 30Oct. 29Oct. 26Oct. 25Oct. 24US$ in C$1.57831.57461.57521.5…
Producer and Dealer Prices (November 05, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.30-8.25/lb.Copper: Comex Dec. US$0.625/lb.Indium: Indi…
Quaterra tables Union Bay drill results
Vancouver — A 4-hole drill program at the Union Bay project in Alaska has returned narrow zones of platinum-palladium mineralization.Quaterra Resources (QTA-V) reports that the first two holes of the…
Canadian Stock Exchange Indices (November 05, 2001)
DateOct. 30Oct. 29Oct. 26Oct. 25Oct. 24HighLowTSE 3006825.416896.347004.926943.696896.93…
Riddarhyttan picks up property in Finland
Swedish-based and -listed Riddarhyttan Resources has expanded its land package in northern Finland by acquiring the Iso-Kuotko property immediately north of its Suurikuusikko gold deposit.Iso-Kuotko, …
Starfield, Far West lead gainers
Vancouver — Canada’s junior exchange posted gains in the resource sector but not enough to keep the composite index from wallowing. The Canadian Venture Exchange composite index dropped 6.2 points, o…