Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
2001
Exchange Rates (October 01, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19US$ in C$…
Benchmark sinks deeper but gold remains buoyant
Market pessimism is quickly changing from bad to worse, with sellers once again outpacing buyers on both sides of the border. The Toronto Stock Exchange 300 index lost 142.49 points over the Sept. 19-…
New trends in platinum demand
Demand for platinum in 2000, at 5.6 million oz., was marginally up on the record level achieved in 1999, but the pattern of consumption was significantly different from that of recent years.Sales to t…
MOST ACTIVE ISSUES, SEPT. 19-25
ExchgVol(000s)HighLowCloseChangeAlcoa*N2747130.6327.3630.04-0.16…
Northern Miner Indices (October 01, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Robert’s Arm extended to partners
A second phase of drilling in the Buchans-Robert’s Arm volcanic belt of central Newfoundland has come back dry for Altius Minerals (ALS-V) and Inmet Mining (IMN-T).The partners sank one new hole and e…
LME Warehouse Levels (October 01, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 25/01 (change from Sept. 18 in brackets):MetalStock (tonnes)ChangeAluminium708025…
Gold Funds (October 01, 2001)
Gold Funds as of September 20, 2001Dundee Precious MetalsCentral FundNet Value$14.01$5.68Price$11.00$5.50…
Metal Prices (October 01, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 25Sept. 24Sept. 21Sept. 20Sept. 19…
Rex drills targets in Mauritania (October 01, 2001)
Rex Diamond Mining’s (RXD-T) drilling campaign at its Karet South permit in north-central Mauritania has turned up more evidence of nickel, gold and platinum-group-metal mineralization.The drilling wa…
Klipspringer produces early
Diamond production has begun on the newly commissioned no. 4 level at SouthernEra Resources’ (SUF-T) Klipspringer diamond mine in South Africa, some six months ahead of schedule.SouthernEra now estima…