Northern Miner Indices (April 30, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
News
Anglo hits at Boyongan
Vancouver — Partners Anglo American (AAUK-Q) and Philex Gold (PGI-V) appear to have intersected a rare geological event at the Boyongan prospect on the Philippine island of Mindanao. The latest drill…
Drilling enhances Alamo Dorado
Eight holes drilled along strike of the Alamo Dorado gold-silver deposit in Mexico’s Sonora state have confirmed the updip continuity on several sections.The work is part of an initial phase of infill…
TSE Shorts (April 30, 2001)
Short positions outstanding at April 15, 2001Larger individual positions include:Agnico-Eagle Mines Ltd. 290,530 up 118,218; Alcan Inc. 748,548 down 343,949; Anderson Exploration Ltd. 4,7…
MK Gold permits Las Cruces
Armed with a positive feasibility study by Bechtel International, MK Gold (MKAU-O) is working to bring its Las Cruces copper deposit into production.The wholly owned project is on the eastern margin o…
Medinah funds Alto de Lipangue
Denver — Medinah Mining (MDMN-O) has raised US$5 million for development of the Alto de Lipangue gold-copper project in Chile by selling a 25% stake in the property to London-based Venture Capital Co…
CDNX breaks 3,000 mark in brisk trading
Vancouver — Canada’s junior exchange broke the 3,000 mark during the week ended April 24, as all indices posted gains. The Canadian Venture Exchange composite index tacked on 50.17 points, or 1.7%, t…
MOST ACTIVE ISSUES, APRIL 18-24
ExchgVol(000s)HighLowCloseChangeAlcoa*N2653141.4038.2539.96+1.78…
Base metal miners start year in the black
The April 18-24 report period saw Canada’s biggest base metal producers issue a string of relatively healthy first-quarter earnings reports.Inco announced it had earned US$85 million or US42 a share …
Radius seeks Guatemalan gold
Vancouver — Radius Explorations (RDU-V) is about to begin a first phase of reverse-circulation drilling at the Tambor gold project in Guatemala.The 20-hole, 2,500-metre program will focus on the Brid…
Gold Funds (April 30, 2001)
Dundee Precious MetalsCentral FundNet Value$12.57$5.23Price$7.75$4.97Discount38.35…
Banner year for Sullivan
MAY 1951Sullivan Consolidated registered its best year since 1943, after taking into account the added revenue from the East Sullivan gold mine in Bourlamaque Twp., near Val d’Or, Que.Total profit in …