Crew advances globally diverse assets
In a further bid to diversify its mining assets, Crew Development (CRU-T) has acquired a 100% interest in the Pamplona sulphur deposit in the Philippines. The deposit covers 39 sq. km on the island of…
News
Spot Prices Wed. April 26, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$277.70-$3.70Silver$ 4.97-$0.13…
SPC posts higher earnings
Higher copper prices translated into higher profits for Southern Peru Copper (PCU-N) from its Peruvian operations in the first quarter of 2000.The average price of copper on the London Metals Exchange…
Tan Range adopts plan
Tanzanian-focused Tan Range Exploration (TNX-V), which holds a 90% interest in the Itetemia gold property, adjacent to the Bulyanhulu deposit, has adopted a shareholder rights plan to prevent the poss…
Copper Cliff never traded
I am looking for any information concerning a company called Copper Cliff Mines. I believe the company is a Canadian company. In particular, I am looking for any information concerning a mine outside …
Exchange Rates (May 01, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApr. 25Apr. 24Apr. 21Apr. 20Apr. 19…
Canadian Zinc seeks financing
To fund further exploration on its wholly owned Prairie Creek base metal property in the Northwest Territories, junior Canadian Zinc (CZM-T) has entered into a $720,000 private placement.The financing…
Lyon Lake sells off mining assets
Montreal-based junior Lyon Lake Mines (LLL-V) has decided to liquidate its mining assets in order to improve its balance sheet.The assets include: the Cerro Crucitas gold project in northern Costa Ric…
Noranda continues to rebound
In step with most of its competitors, base metal major Noranda (NOR-T) has started the new year by significantly improving its earnings.For the first quarter, Noranda posted earnings of $68 million (o…
LME Warehouse Levels (May 01, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 25/00 (change from Apr. 18 in brackets):Aluminium695,275(-9,525)…
Bema Gold still in red
Bema Gold (BGO-T) tabled a fourth-quarter loss of US$2 million (or 1 per share) on gold revenue of US$9.3 million, compared with a loss of US$35.6 million (31 per share) on US$9.6 million in the cor…
Newgold sells last mining asset
Completing its transformation into an internet company, Newgold (NGLD-O) has sold the Relief Canyon mine to Orion Resources & Exploration.Orion purchased the operation for $960,000 in private shares o…