Gold coin fetches record sum
One of the world’s rarest and most sought-after gold collector coins, the 1933 Double Eagle, was sold at Sotheby’s auction house in New York, N.Y., for US$7.6 million, a new record.The bidding, in US$…
News
Daily Metal Prices (September 23, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 17Sept. 16Sept. 13Sept. 12Sept. 11Al Alloy122…
LME Warehouse Levels (September 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 17 (change from Sept. 10 in brackets):MetalStock (tonnes)ChangeAluminium1292475…
Write MPs about flow-through shares
The Prospectors & Developers Association of Canada is asking its members to participate in a letter-writing campaign to their members of Parliament in support of measures that would make the “super” f…
Producer and Dealer Prices (September 23, 2002)
Antimony: Recent trades: US$1,950-2,150/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.40-7.15/lb.Copper: Comex December US$0.68…
Tan Range strikes gold at Lunguya (September 23, 2002)
Preliminary drilling by Tan Range Exploration (TNX-T) has intersected two gold-bearing structures at the Lunguya property in Tanzania’s Lake Victoria Goldfields district.Dubbed East and West, the quar…
AfriOre gains gold interests in Africa
Continuing its trek to become a gold producer, metal-explorer-turned-coal-miner AfriOre (AFO-T) has wrapped up two deals to gain interests in gold exploration projects in Mali and South Africa.In Mali…
Seabridge lures Noranda to BC
Vancouver — Junior Seabridge Gold (SEA-V) has signed a deal enabling Noranda (NRD-T) to earn a majority stake in the Kerr-Sulphside gold-copper project in northern British Columbia.Under the agreemen…
Potentilla proves a bust
Vancouver — A mini-bulk sample collected from the Potentilla kimberlite on the Kikerk Lake property in Nunavut’s north Slave Craton region has fallen short of expectations.The Kikerk Lake property is…
Magistral nears production (September 23, 2002)
With about 20,000 tonnes of crushed ore stacked on the leach pad, equal partners Queenstake Resources (QRL-T) and privately owned Midwest Mining have begun leaching operations at the Magistral gold pr…
Venture exchange bucks downward trend
Vancouver — Despite the major bourses being spooked by profit warnings, Canada’s junior exchange managed to scrape together a few points to buck the trend over the week ended Sept. 17. The TSX Ventur…
Southwestern expands in China
An agreement with a governmental agency has given Southwestern Resources (SWG-T) the right to explore the Boka gold property in the southern province of Yunnan, China.The grant allows Southwestern to …