Virginia forms partnership with Placer Dome
Weeks after announcing a “strategic alliance” with Noranda (NRD-T), Virginia Gold Mines (VIA-T) has teamed up with Placer Dome (PDG-T) to explore for precious metals in the Labrador Trough regi…
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Northern Miner Indices (July 09, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.8ComincoCLT-T4.9FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N5.0Homestake MiningHM-N6….
Noranda eyes El Pachon (July 09, 2001)
Vancouver — In an effort to increase its mining exposure in South America, Toronto-based Noranda (NRD-T) has signed a letter of agreement with Montreal-based Cambior (CBJ-T) and Bolivia’s Comsur to a…
Randgold proposes buyback (July 09, 2001)
It’s not the kind of thing that happens often in the gold industry, but Johannesburg-based Randgold Resources has proposed a mandatory buyback of part of its issued capital.The company is offering to …
Knife pipe pegged at 6 ha
Based on the results of delineation drilling, together with ground geophysical data, the Knife kimberlite pipe in Nunavut is estimated to comprise a surface area of 6 ha.During spring drilling, the Ca…
Industrial slump drags down base metals
A small gain in lead prices prevented yet another across the board sweep lower in London Metal Exchange (LME) cash prices during the period June 25-29 as the rest of the base metals complex continued …
GREATEST VALUE TRADED, JUNE 27-JULY 3
ExchgVal($000s)HighLowCloseChangeAlcoa*N39234940.8739.4040.40+2.34…
Canadian Stock Exchange Indices (July 09, 2001)
DateJuly 3July 2June 29June 28June 27HighLowTSE 3007748.32Holiday…
X-Cal, Kinross extend deal Prairie Creek
A newly extended agreement with Kinross Gold (K-T) allows X-Cal Resources (XCL-T) to acquire 100% of the Sleeper gold project in Nevada.X-Cal will pay 500,000 shares to Kinross as consideration for th…
Asarco, union reach agreement
Denver — Asarco, a wholly owned subsidiary of Grupo Mexico, has reached an agreement with the United Steel Workers union over contract negotiations.The new, 3-year deal gives workers a wage increase …
The Northern Miner — Small Producers Index (July 09, 2001)
51.42 (-2.28)(Sept. 30/98 = 100)…
Sullivan tours mark closing
To mark the imminent closing of the century-old Sullivan lead-zinc mine, near Kimberly, B.C., Cominco has scheduled a series of talks.The event, scheduled for Nov. 9-10, will also feature tours of und…