News
Charting merger trends
Last year, mergers and acquisitions (M&A) were on pace to surpass 1998 levels — that is, until European Union antitrust watchdogs quashed the proposed 3-way deal between Montreal-based Alcan Aluminum…
MOST ACTIVE ISSUES, July 12-18
ExchgVol(000s)HighLowCloseChangeAlcoa*N 14222 33.12 30.31 30.31 -2.19…
Dow Jones edges up slightly
The Dow Jones industrial average edged up a meager 12.73 points, to close at 10,739.92 for the report period July 12-18.Mining companies were mixed as spot gold languished, holding at US$282.50 on the…
High Grade zone yields more riches
The High Grade zone at the Red Lake gold mine, in northwestern Ontario, continues to exceed grade expectations.To date, Goldcorp (G-T) has stockpiled 12,000 tons of ore. Based on 1,342 samples, the av…
Nora settles with Hartor
A dispute between Montreal-based Nora Exploration (NXI-M) and Hartor Investments has been settled out of court.Hartor was suing Nora to force the company to repay two outstanding loans totalling $1.7 …
Int’l Annax unveils results
A planned 7-hole drill program is testing the downdip continuity of high-grade stratiform massive sulphide mineralization at the Dairi project in North Sumatra, Indonesia.International Annax Ventures …
Producer and Dealer Prices (July 17, 2000)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.40/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-16.20/lb.Copper: Comex Sept. US$0.826/lb.Indium: I…
Winspear fights De Beers takeover
In the face of an unsolicited takeover offer from De Beers Consolidated Mines (DBRSY-Q) that it deems “hostile, opportunistic and undervalued,” Winspear Diamonds (WSP-T) has initiated a program design…
Phelps Dodge foresees lower earnings
Operational changes and restructuring charges at two of its operations are expected to depress second-quarter earnings for Phelps Dodge (PD-N).The copper miner expects earnings in the 3-month period t…
Duck Pond drilling looks like money well spent
A year of drilling has done a lot to advance the Duck Pond base metal deposits, 15 km south of here, from mineral deposits to potential mines.Joint-venture partners Thundermin Resources (THR-T) and Qu…
McWatters raises $27m for Quebec mines
Val d’Or, Que.-based McWatters Mining (MCW-T) has begun to recover financially following the completion of two separate deals that provide the gold miner with $27 million in long-term financing.The fi…