Silver Standard ups stake in Manantial Espejo
Vancouver — Silver Standard Resources (SSO-V) has acquired Barrick Gold’s (ABX-T) 20% interest in the Manantial Espejo silver-gold project in southern Argentina.The junior issued 400,000 shares to Ba…
News
Mining index fails to jump-start CDNX
Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…
Metal Prices (September 10, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 4Sept. 3August 31August 30August 29Aluminium1…
GREATEST VALUE TRADED, AUG. 29-SEPT. 4
ExchgVal($000s)HighLowCloseChangeAlcoa*N38002839.3437.0238.54-0.24…
Star yields low count
A sub-surface layer of till containing kimberlite float boulders in the Northwest Territories has returned a low diamond count. Ashton Mining of Canada (ACA-T) discovered the layer on the Star joint-v…
Hecla Mining lands private placement
Denver — Hecla Mining (HL-N) has completed a US$5.5-million private placement, using money from its pension plan.The pension plan has assets of more than US$55 million, surpassing its projected oblig…
Ashton raises $2.6m
Proceeds from a $2.6-million share offering will be used by Ashton Mining of Canada (ACA-T) for ongoing diamond exploration at its projects in Quebec, Alberta, Northwest Territories and Nunavut.The Ri…
LME Warehouse Levels (September 10, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 04/01 (change from Aug. 28 in brackets):MetalStock (tonnes)ChangeAluminium675875…
GOLD FUNDS (September 10, 2001)
Gold Funds as of August 30, 2001Dundee Precious MetalsCentral FundNet Value$13.71$5.21Price$9.75$5.00…
Majescor arranges financing
Junior Majescor Resources (MAJ-M) is looking to raise $2 million to explore for diamonds in northern Quebec.Dundee Securities is acting as lead agent of a syndicate, which includes Haywood Securities,…
Solitario active in Bolivia, Brazil (September 10, 2001)
Denver-based Solitario Resources (SLR-T) has begun an 8-hole drilling campaign on its wholly owned Rincon del Tigre platinum-palladium deposit in eastern Bolivia.The program is focused on the extensiv…
Spot Prices Wed. September 5, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$271.70-$1.15Silver$ 4.19-$0.02Platinum$442.00-$…