Majescor hunts for Quebec diamonds
Results from Majescor Resources’ (MAJ-M) spring till-sampling survey in northern Quebec are in and they show the pr…
News
Drill turns at Nickelby
Vancouver — Aimed a testing the downdip extension of surface mineralization discovered at the Nickelby claims, par…
Trading Summary (August 20, 2001)
Toronto stocks advanced modestly on Monday after the Canadian Imperial Bank of Commerce added a little zest to the…
Nickel’s fickle, zinc sinks
Aug. 6-10 was another poor week for base and precious metals prices, characterized by declines right across the board and week-on-week losses in all markets except gold. After tin (which registered a …
Red Cliff confirms mineralized horizon
A 6-hole program by optionee Noranda (NRD-T) at the Red Cliff copper prospect in Newfoundland has confirmed copper-silver values in a mineralized horizon exposed at the Blue Point showing.Noranda, whi…
Pan American in red despite higher output
Vancouver — Despite an increase in production, Pan American Silver (PAA-T) suffered a loss in the second quarter, reflecting a 26-year low for silver prices.The company posted a net loss of US$2.8 mi…
Sherritt profits down
Nickel producer Sherritt International (S-T) saw lower profits in the first half of the year, owing to shrinking prices for its principal commodities and higher energy costs.During the six months ende…
MK Gold advances Las Cruces
Now that mining has ended at the Castle Mountain operation in California, MK Gold (MKAU-O) is focusing all its efforts on permitting and financing the Las Cruces copper project in Spain’s Iberian Pyri…
LME Warehouse Levels (August 20, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 14/01 (change from Aug. 7 in brackets):MetalStock (tonnes)ChangeAluminium677125(…
The Northern Miner — Small Producers Index (August 20, 2001)
45.79 (+0.98)(Sept. 30/98 = 100)…
Spot Prices Wed. August 15, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$276.35+$9.85Silver$ 4.23+$0.07Platinum$427.00-$…
Ashton tests northern projects
It continues to be business as usual for Ashton Mining of Canada (ACA-T), while Rio Tinto (RTP-N) shops around a 65.9% stake in the diamond explorer.Rio acquired the controlling block in late 2000 thr…