Inmet options Lemoine
Toronto-based Inmet Mining (IMN-T) has optioned the Lemoine base metal property in Quebec’s Chibougamau mining camp from Loubel Exploration.To earn a 60% interest, Inmet must spend $3 million on explo…
2001
Aur, Arizona Star hit gold in Chile
Partners Aur Resources (AUR-T) and Arizona Star Resource (AZS-V) are planning more work to test a newly discovered gold zone on the Agua de la Piedra property in northern Chile.Operator Aur, which hol…
Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
Freewest resumes work in NB
A second round of drilling is under way on the Clarence Stream gold property in southwestern New Brunswick.Freewest Resources Canada (FWR-M) ended a first pass of drilling in April after completing 3,…
Spot Prices Wed. June 13, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$271.80+$4.85Silver$ 4.39+$0.03Platinum$574.00-$…
Metal Prices (June 18, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 12June 11June 8June 7June 6Aluminium1467/1487…
Shore resumes work at Star
Junior Shore Gold (SGF-V) has resumed drilling on its wholly owned Star kimberlite property, 60 km east of Prince Albert, Sask.The 7-hole program is designed to increase the level of confidence in the…
Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…
Mining sector shines as CDNX slumps
Vancouver — Mining stocks were the only bright spots on Canada’s junior exchange as all other sectors slid into negative territory. The Canadian Venture Exchange composite index lost 10.28 points, or…
Boliden bows to legal pressure
Citing uncertainties associated with a lawsuit brought forth by Falconbridge (FL-T) and Noranda (NOR-T), Boliden (BOL-T) has decided to sell those companies its adjoining Lomas Bayas and Fortun…
Virginia forms alliance with Noranda (June 18, 2001)
With dozens of projects on the go, Virginia Gold Mines (VIA-T) is doing more than its share to keep exploration alive in the vast wilderness of northern Quebec. The junior is also receiving financial …
Northern Miner Indices (June 18, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….