Noranda nixes Montana silver project
Faced with slumping metal prices, Noranda (NRD-T) has decided to discontinue work at at the Montanore copper-silver project in northwestern Montana after an updated feasibility study deemed the projec…
News
Axmin outlines resource at Kofi SW
African gold explorer Axmin (AXM-V), fresh from recent discoveries in the Central African Republic, has put a resource number to one of its prospects in Mali.Reverse-circulation drilling earlier this …
Daily Metal Prices (August 26, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 20Aug. 19Aug. 16Aug. 15Aug. 14Al Alloy1241/125…
Producer and Dealer Prices (August 26, 2002)
Antimony: Recent trades US$1,750-2,000/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-7.05/lb.Copper: Comex Sept US$0.6815/lb…
TSE Short Positions (August 26, 2002)
Short positions outstanding at August 15, 2002Larger individual positions includeAber Diamond Corporation 301647 down 88375; Agnico-Eagle Mines Ltd. 5573295 down 293714; Atacama Minerals Corp.
Weaker gold price puts chill in eastern markets
The Toronto Stock Exchange’s Composite Index managed to gain 105.22 points, or 1.6% of its value, to end the Aug. 14-20 report period at 6,655.29 points. The brunt of the work was done during the last…
Junior exchange sings summertime blues (August 26, 2002)
Vancouver — Canada’s junior exchange continued to slide into bear territory over the week ended Aug 20. The TSX Venture Exchange composite index lost 23.55 points, or 2.3% of its value, to close at 1…
Supreme court dismisses Westray suit
The Supreme Court of Canada has refused to hear the merits of a multimillion-dollar civil action against the government of Nova Scotia by representatives of families of workers killed in the Westray c…
Jack Botsford
Jack Botsford, former vice-president and general manager of Gunnar Mining, has died. He was 90.Botsford was born in 1911 and graduated from the University of Toronto in 1933 with a bachelor of applied…
Market Summary
The golds and base metals stocks on Canada’s major bourse ended the trading week by posting big losses. The gold in…
Novicourt takes a loss
Noranda’s (NRD-T) base metal subsidiary Novicourt (NOV-T) continues to suffer the ills of low copper and zinc price…
Drill turns at Kikerk Lake
Vancouver — Ashton Mining of Canada (ACA-T) and its joint-venture partners, Northern Empire Minerals (NEM-V) and C…