Spot Prices Wed. November 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.50+$0.35Silver$ 4.50+$0.02…
News
GQ yields more diamonds
Six of seven heterolithic breccia outcrops on Band-Ore Resources’ (BAN-T) GQ property, near Wawa, Ont., have returned diamonds.The best results came from the Rainbow zone, where a 54-kg sample from a …
China selling mining rights to foreign investors
The Chinese government is about to establish a state-run auction house for the purpose of selling the country’s mining rights to the highest bidder.The auction house, known as China Mining Lianfa Auct…
Canadian Stock Exchange Indices (November 11, 2002)
DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30HighLowTSX Composite6399.646432.656321.406248.80633…
Ivanhoe expands Oyu Tolgoi
Vancouver — Drilling by Ivanhoe Mines (IVN-T) has significantly expanded a zone of copper-rich mineralization at the Oyu Tolgoi gold-copper project in southern Mongolia.Six holes spaced 100-120 metre…
The Shanghai gesture
The Shanghai Gold Exchange is opening just as gold prices are returning to levels they had not seen in five years (neglecting the brief spike at the time of the Washington gold-sales agreement in late…
Producer and Dealer Prices (November 11, 2002)
Antimony: Mid-mkt US$2,850/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.40/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.20-6.95/lb.Copper: Comex Dec US$0.7255/lb.
The Vandoos and don’ts
Exploring for minerals in the sleepy, rural districts of Nova Scotia can sometimes produce trials and tribulations.In the late 1960s, I wanted to drill just one hole for barite in Sam King’s sheep pas…
Kumtor hurts Cameco
A pit failure at the Kumtor gold mine in Kyrgyzstan more than halved Cameco’s (CCO-T) earnings in the third quarter.For the three months ended Sept. 30, Cameco pocketed $7 million (or 12 per share) o…
Exchange Rates (November 11, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30US$ in C$1.55621.55501.5576…
LME Warehouse Levels (November 11, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 5 (change from Oct. 29 in brackets):MetalStock (tonnes)ChangeAluminium1296925(+2…
St. Elias starts drilling
Vancouver — Junior St. Elias Mines (SLI-V) has launched a 1,500-metre drill program on the Gralheira-Jales gold property in northern Portugal.Situated in the Tras-O-Montes region, the project covers …