Noranda cuts new zones in Matagami camp
Only two months since announcing its discovery, Noranda (NOR-T) has attached a resource to the Perseverance zinc-copper zone near its Matagami concentrator in northwestern Quebec.Inferred resources ar…
2000
GREATEST VALUE TRADED, June 7-13
ExchgVal($000s)HighLowCloseChangeAlcoa*N 445495 61.38 27.88 28.06 – 33.32…
Nuinsco to buy Bucko Lake
Following a 13-hole drill program, Nuinsco Resources (NWI-T) has decided to enter into an option to buy Falconbridge’s (FL-T) Bucko Lake property in the Thompson nickel belt, 100 km south of Thompson,…
The need for innovation
It is marvelous to witness the growth and spread of technology, though we must be wary of the tendency to over-invest in some sectors while neglecting others.Consider mining. The industry has invested…
Producer and Dealer Prices (June 19, 2000)
Antimony: Mid-mkt US$1,105/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.65-17.00/lb.Copper: Comex July US$0.8015/lb.Indium: I…
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 …
GREATEST VALUE TRADED, May 31-June 6
ExchgVal($000s)HighLowCloseChangeAlcoa*N 676199 62.12 57.25 61.38 + 3.12…
Miner announces new column
The Northern Miner is testing a new feature called “Prospector’s Corner,” which is intended to be a fun exchange of new ideas from geologists and prospectors.We are calling for articles about new uses…
Miners rally on economic news
Weaker-than-expected U.S. employment news sent the price of gold up, while the Dow Jones industrial average climbed 208.44 points, or 1.9%, to 10,735.57, during the report period ended June 6.Continue…
CDNX recovers lost ground
Canada’s junior exchange continued to recover lost ground as all indexes posted gains. The Canadian Venture Exchange tacked on 181.67 points, or 5.6%, over the week ended June 6, to close at 3,410.59….
Northern Miner Indices (June 12, 2000)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.0ComincoCLT-T3.9FalconbridgeFL-T8.2Franco-Nevada MiningFN-T5.2Freeport McMoR…
Metal Prices (June 12, 2000)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateJune 6June 5June 2June 1…