Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
Like castaways stranded on a desert island, exploration and mining companies began the year 2000 struggling for survival and longing for a return to the days of gold and glory. As they pondered the fi…
Precious MetalsPrice (US$/oz.)ChangeGold$274.70+$4.50Silver$ 4.63+$0.02Platinum$610.00+$7.00Palladium$972.00+$39.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.23 $0.00Lead$ 0.22+0…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 22/00 (change from Dec. 19 in brackets):Aluminium307250(+8325)Aluminium Alloy88200(-840)Copper348150(+9950)Lead…
Gold Funds as of Dec. 21 2000Dundee Precious MetalsCentral FundNet Value$11.44$5.36Price$6.20$4.670Discount45.8012.90Value$81,298,000$90,658,056…
Partners Anglo American (AAUK-Q) and Karmin Exploration (YKA-V) have started an airborne electromagnetic survey over their Aripuana massive sulphide property in Brazil’s Mato Grosso del Norte state.Th…
Vancouver — Armed with new geophysical data, Aurora Platinum (ARP-V) has increased the drill metres for its current program on the Foy nickel-copper-platinum-palladium property, near Sudbury, Ont.An …
Vancouver — The brutal combination of high costs and weak commodity prices translated into more mine closures than openings in the past year. Several companies were forced to suspend mining and devel…
78.53 (+1.42)(Sept. 30/98 = 100)…
43.92 (+0.40)(Sept. 30/98 = 100)…
Denver — Junior Leadville Mining & Milling (LMMI-O) has signed a letter of intent to acquire the El Chanate gold property in Sonora state, Mexico, from a subsidiary of AngloGold (AU-N).The junior has…
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