News

Candente adds copper project to Peruvian portfolio

Candente Resource (DNT-V), a Vancouver-based junior focused on grassroots mineral exploration in Peru, has acquired the rights to a 100% interest in the Canariaco copper property in return for US$75,0…


NEWS ROUNDUP (April 23, 2001)

GeoNova gains Bachelor Lake mineUnder the terms of a previously announced agreement, GeoNova Explorations (GNE-M) has acquired the Bachelor Lake gold-mining complex and related assets in northwestern …


Spring surge rallies CDNX

Vancouver — Led by a 6.7% gain in the oil-and-gas sector, all four indices on Canada’s junior exchange finished the week ended April 17 in positive territory. The Canadian Venture Exchange composite …


Black Hawk eliminates debt

Black Hawk Mining (BHK-T) has liquidated its put options to repay a debt owed to Standard Bank. The miner had the right to sell 81,000 oz. at US$261 per oz.The puts were bought in early 2000 to cover …


Gammon Lake drills Belen structure at Ocampo

Halifax-based Gammon Lake Resources (GAM-T) will perform underground exploration drilling on the Belen structure at its Ocampo gold-silver property in Mexico’s Chihuahua state.Belen is an extension of…


South Atlantic sells Coromandel

Vancouver-based South Atlantic Resources (SCQ-V) has sold its Coromandel diamond project to Black Swan Resources (BSW-T) for US$1.4 million, payable over four years.Black Swan has other alluvial diamo…



Metal Prices (April 23, 2001)

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 17April 16April 13April 12April 11Aluminium14…


Southern Peru plans Ilo smelter upgrade

Denver — Southern Peru Copper (PCU-N) has raised US$400 million to finance modifications to the Ilo smelter, expansion of the Toquepala copper mine and construction of leaching circuits at the Cuajon…


Codelco set to expand in competitive market

Denver — The world’s largest producer of copper, Corporacion Nacional del Cobre de Chile (Codelco), is scrambling to stay on top of the game following a recent spate of mergers.The Chilean state-owne…


Crystallex drills at Lo Incredible

Gold exploration in Venezeula is a shadow of what it was in the late 1980s, but several juniors, including Crystallex International (KRY-T), remain active in the region.Crystallex recently secured con…


Staff Investment Policy (April 23, 2001)

The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…


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