Trading Summary (June 11, 2001)
The Toronto Stock Exchange shed 36.57 points to close at 8,091.8 on Monday. Leading the slide was the tech-heavy in…
2001
Metal Prices (June 11, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 5June 4June 1May 31May 30Aluminium1494/1511.50…
Lonmin freezes plans to boost stake in Ashanti
Denver — British-based platinum producer Lonmin says it has no plans to increase its stake in Ashanti Goldfields (ASL-N), despite reports that the government of Ghana may be willing to sell some of i…
Fording’s Gardiner leads North American tour
By fall of this year, Fording Coal expects to have left the broad umbrella of railway giant Canadian Pacific and become a stand-alone, publicly traded company. In preparation for that event, President…
Grib pipe eludes Archangel
Denver — Last-minute manoeuvres by Russia’s Arkhangel’skgeoldobycha (AGD) threaten to derail resolution of a longstanding dispute with Canada’s Archangel Diamond (AAD-V) concerning the Grib kimberlit…
Northern Miner Indices (June 11, 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….
GQ surrenders more macros (June 11, 2001)
Band-Ore Resources (BAN-T) reports additional encouraging results from its GQ property, 20 km north of Wawa, Ont.Three 24-kg samples of bedrock were collected from the area of the recently expanded Ar…
Goldstrike exceeds 2m oz. for sixth straight year
Goldstrike in Nevada’s Carlin trend is much more than Barrick Gold’s (ABX-T) flagship gold operation; it’s a world-renowned mining camp that has produced more than 18.6 million oz. since operations be…
Messina moves to production
Rand Merchant Bank has agreed to participate in a R345-million loan agreement being sought by a subsidiary of SouthernEra Resources (SUF-T) to construct the Messina platinum group elements mine in Sou…
Idaho revs up Stillwater program
A 4,000-metre drill program is testing the first of two targets outlined by Idaho Consolidated Metals (IDO-V) at the Stillwater complex in Montana.The junior, which owns 110 sq. km of ground adjacent …
Imperial finds high-grade gold at Sterling
Vancouver — Junior explorer Imperial Metals (IPM-T) has intersected deep-seated, high-grade gold mineralization at its Sterling property, near Beatty, Nev., 185 km northwest of Las Vegas.Recent effor…
Junior explores for Pipeline’s roots
Denver — Toronto geologist John Gardiner believes he holds the key to a major reinterpretation of the geology of Crescent Valley in central Nevada — a revision that could not only resolve long-stand…