Noranda cuts copper-gold
Drilling by Noranda (NOR-T) has encountered significant copper-gold mineralization at the El Morro porphyry property in north-central Chile.The major, which can earn a 70% interest in the property fro…
News
Mining’s gauntlet
It is a puzzle to some investors that mine permitting in Canada can be a merciless running of the gauntlet in one part of the country and a relatively painless experience in another. And many are amaz…
Producer and Dealer Prices (May 22, 2000)
Producer and Dealer PricesAntimony: Mid-mkt US$1,095/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$…
Taurus to bulk-sample Fenelon
An option agreement with Fairstar Explorations (FFR-T) sets the stage for International Taurus Resources (ITS-V) to carry out a bulk sample that could lead to a feasibility study of the Fenelon gold p…
Mining index posts gain despite western slump
The Canadian Venture Exchange (CDNX) index dropped 10.21 points, or 0.3%, to close at 3,439.57 over the report period ended May 16. The oil, gas and technology indices posted modest losses while the m…
LME Warehouse Levels (May 22, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 16/99 (change from May 9 in brackets):MetalStock (tonnes)ChangeAluminium627975(-3…
Spring triggers recommendations
The arrival of spring seems to have set off a flurry of interest in mining and exploration companies, though nervousness in the high-tech sector is perhaps the more likely reason why some investors ar…
NAME CHANGES (May 22, 2000)
Sand River Resources (SRL-V) has changed its name to Rio Fortuna Exploration (RFT-V) on a 1-new-for-7-old-share basis.
Spot Prices, Wed. May 17, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$274.85-$2.95Silver$ 5.04+$0.01…
TSE INDICES (May 22, 2000)
Prices current May 16, 2000DateMay 16May 15May 12May 11May 10High…
Ashanti produces more, earns less
Higher gold production was not sufficient to offset the effect of low gold prices for Ashanti Goldfields (ASL-N) during the first quarter.The Ghana-based company posted earnings of US$6.9 million (or …
Aur posts quarterly loss
Toronto-based Aur Resources (AUR-T) posted a net loss of $1.7 million on revenue of $26 million for its latest quarter ended March 31, compared with earnings of $526,000 on revenue of $23.6 million a …