Expatriate drops Kudz Ze Kayah
Vancouver — A 2-year effort to advance the Finlayson base metal project in the Yukon has come to a halt, with operator Expatriate Resources (EXR-V) failing to make the $1-million payment needed to se…
News
Los Pelambres mine propels Antofagasta
Denver — Copper production was up 16% in the first half of the year for Antofagasta (ANFGF-O), though profits were clipped by low prices.The London-based company produced 193,900 tonnes of the red me…
Gold properties fall to bargain hunters
The mining adage that gold properties are worth whatever someone will pay for them holds true in good times and bad. And in these tough times, mines can be had, and are being had, at bargain-basement …
PEOPLE (September 10, 2001)
Diagem — Jonathan Goodman and Mousseau Tremblay appointed directors.Melkior — Jocelyn Cote appointed president.Weda Bay — John Lynch appointed president and CEO.
Silver Standard ups stake in Manantial Espejo
Vancouver — Silver Standard Resources (SSO-V) has acquired Barrick Gold’s (ABX-T) 20% interest in the Manantial Espejo silver-gold project in southern Argentina.The junior issued 400,000 shares to Ba…
Mining index fails to jump-start CDNX
Vancouver — Despite a 3-digit gain in the mining sector, Canada’s junior exchange finished the holiday-shortened week ended Sept. 4 on a low note. The Canadian Venture Exchange composite index lost 1…
Metal Prices (September 10, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ 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…