Metal markets anything but shiny in 2000
While it didn’t provide the unremitting gloom of the years immediately following the Asian economic crisis, 2000 might be remembered by many metal producers as the year of the recovery that never was….
Platinum Group Metals Ltd
SouthernEra sells flow-through shares
Toronto-based SouthernEra Resources (SUF-T) has raised $1.65 million for domestic exploration.The company issued 733,333 units at $2.25 apiece, or roughly 18% above its current share price. Each unit …
Flow-through share financings benefit Canuck juniors
Vancouver — Companies with Canadian projects are finding willing investors for flow-through share issues, which provide investors with tax deductions on exploration expenses.- Canabrava Diamond (CNB-…
CDNX starts year on right footing
Vancouver — Canada’s junior exchange fared well over the holiday-shortened report period ended Jan. 2. The Canadian Venture Exchange composite index tacked on 126.5 points, or 4.5%, and finished the …
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
CDNX slides further into bear country (November 27, 2000)
Canada’s junior exchange continued its month-long skid, as all indices remained in negative territory during the report period Nov. 15-21. The Canadian Venture Exchange composite index plunged 133.62 …
Exploration spending declines
Total spending allocated for worldwide exploration of nonferrous metals increased steadily from 1993 to 1997, when it peaked at an estimated US$5.2 billion, according to Halifax, N.S.-based Metals Eco…
Marsfontein still producing
The Land Claims Court of South Africa has dimissed an application to halt activities at the Marsfontein diamond mine, reports SouthernEra Resources (SUF-T).The Ga-Magashula Community Trust had filed f…
Juniors keep busy as gold slips below US$270
Gold stepped back into the spotlight during the Nov. 1-7 report period, as the Bank of England auctioned another 804,000 oz. (25 tonnes) at an allotment price of US$264.30 per oz.While the amount offe…
Falco has strong quarter Inco moves into the black
Higher metal prices and strong performances from its newest mines have propelled Falconbridge (FL-T) to a profitable first quarter.The company earned $109.5 million (or 60 per share) on revenue of $6…
CDNX scrambles to recover from carnage
Vancouver — Although the high-tech meltdown was tempered by a strong rebound, the report period ended April 18 will be remembered chiefly for its carnage. The Canadian Venture Exchange lost 375.37 po…
More juniors join search for platinum group metals
Economically interesting deposits of platinum group metals (PGMs) are few and far between on planet earth, with more than 90% of the world’s supply coming from only three mining camps: Bushveld in Sou…