Cancor picks up Joutel
Montreal-based Cancor Mines (KCR-M) has taken up an option from Quebec Crown corporation Soquem, allowing it to earn a half-interest in the Kistabiche base metal property near Joutel, Que.The 17-sq.-k…
2001
Semafo reduces resource
A re-evaluation of the resource at the Segala gold deposit in western Mali, by owner Semafo (SMF-T), has produced an estimate that is smaller but higher-grade than previous figures.The new estimate sh…
Alcoa earnings soar
Denver — Despite lower prices for alumina and aluminum ingots, a weak automotive sector and production cuts, Alcoa (AA-N) posted a record US$429 million (49 per share) in second-quarter profits, bef…
Cameco closes debentures sale (July 23, 2001)
Cameco (CCO-T), the world’s largest uranium supplier, has completed the sale of $50 million worth of Series B 7% debentures, which are due July 6, 2006.The debentures have received a rating of A (low)…
Golden Star granted licence
Denver — Ghana’s Ministry of Lands, Forests and Mines has granted a mining lease to Golden Star Resources (GSC-T) for the Prestea property.The Denver-based junior has the right to mine surface minera…
MOST ACTIVE ISSUES, JULY 11-17
ExchgVol(000s)HighLowCloseChangeAlcoa*N1760841.8538.4639.39-0.11…
Placer reels in Pueblo Viejo, reels out Las Cristinas
The government of the Dominican Republic has awarded Placer Dome (PDG-T) the right to negotiate an agreement to develop the Pueblo Viejo gold-silver project into a modern, large-scale mine.Despite exp…
Resource estimate under way at River Valley (July 23, 2001)
Having sunk an additional 16,000 metres, Pacific North West Capital (PFN-T) is proceeding with an independent resource estimate of the Dana Lake zone at the River Valley project in northern Ontario.De…
Crank up the guilt machine Line up the yellow pads
Almost every ancient civilization had rulers and mystics who claimed a direct link to deities ruling heaven and earth. But when droughts, floods, pestilence and other calamities came along, they blame…
LME Warehouse Levels (July 23, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 17/01 (change from July 10 in brackets):Metalstock (tonnes)ChangeAluminium621825…
Black Swan executive trims stock holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Black Swan Resources (BSW-T) — Kenneth Judge, director and owner of more …
GREATEST VALUE TRADED, JULY 11-17
ExchgVal($000s)HighLowCloseChangeAlcoa*N69359541.8538.4639.39-0.11…