News


LME Warehouse Levels (August 27, 2001)

Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 21/01 (change from Aug. 14 in brackets):MetalStock (tonnes)ChangeAluminium674100…





Gitennes deals Rio Blanco (August 27, 2001)

Vancouver — London-based Monterrico Metals has inked a deal with Gitennes Exploration (GIT-T) to earn up to a 75% stake in the Rio Blanco copper property in northern Peru.To do so, Monterrico must sp…



Interest rate cut falls flat

Denver — Financial markets sank in response to the U.S. Federal Reserve’s latest quarter-point interest rate cut, sending the Dow Jones industrial average down 238.03 points, or 2.3%, for the report …


Magistral drilling pulls high-grade copper

Vancouver — Junior Inca Pacific Resources (IP-V) and its partner, Anaconda Peru, have completed 80% of a 14,000-metre drill program at the Magistral copper porphyry-skarn property in the South Americ…


CDNX stalls on low volume

Vancouver — Canada’s junior exchange failed to generate any excitement as all indices traded in a narrow range and on low volume. The Canadian Venture Exchange composite index added 0.08 of a point t…



Northern Miner Indices (August 27, 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…


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