Summo extends Centennial deposit in Arizona
An ongoing 50-hole drill program at the SE Extension copper oxide deposit in southeastern Utah continues to yield higher-than-expected grades for owner-operator Summo Minerals (SMA-T).Covering a 2,200…
News
Canyon offers mineral rights to environmentalists
In an unusual, perhaps unprecedented gesture, Canyon Resources (CAU-X) is offering to sell mineral rights to nearly 1 million acres in western Montana to environmental groups.In addition, the company …
Inco to go ahead with McCreedy expansion
Inco (N-T) will proceed with a US$33-million development at one of its most productive assets, the McCreedy East nickel mine in the western portion of Ontario’s Sudbury basin.The major will develop Mc…
Romios drills Scossa
Proceeds from a private placement are keeping the drills turning at the high-grade Scossa gold property, in Nevada’s Pershing Cty.In April, Romios Gold Resources (RGRI-C) raised $250,920 by issuing 73…
SouthernEra shuffles its board
In another surprise twist at SouthernEra Resources (SUF-T), shareholders have replaced nearly their entire board of directors.Taking the place of Lee Barker, Oliver Lennox-King, Patrick Ryan, Patrick …
GREATEST VALUE TRADED, May 31-June 6
ExchgVal($000s)HighLowCloseChangeAlcoa*N 676199 62.12 57.25 61.38 + 3.12…
Gold Funds (June 12, 2000)
Dynamic MutualCentral FundNet Value$12.50$5.44Price$7.40$5.105Discount40.80%…
Fortune advances Nico
Junior Fortune Minerals (FT-T) is encouraged by the results of a scoping study at its 80%-owned Nico cobalt-gold-bismuth deposit, 160 km northwest of Yellowknife, N.W.T.Fortune retained Strathcona Min…
Producer and Dealer Prices (June 12, 2000)
Antimony: Mid-mkt US$1,120/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.65-17.00/lb.Copper: Comex July US$0.8045/lb.Indium: I…
Miner announces new column
The Northern Miner is testing a new feature called “Prospector’s Corner,” which is intended to be a fun exchange of new ideas from geologists and prospectors.We are calling for articles about new uses…
Imperial remains mired in red
Operational improvements slightly offset weak returns on gold and copper yet failed to pull Imperial Metals (IPM-T) out of the red during the first quarter.The loss amounted to $238,000 (or nil per sh…
Fund liquidation brings base metals to earth
Base metals prices suffered two waves of heavy fund liquidation during the report period May 29-June 2. The first came early, in response to the surprise settlement at Inco’s Sudbury, Ont., operations…