La Colorada construction under way
With a US$10-million project debt facility in hand from International Finance Corp., Pan American Silver (PAA-T) has begun construction aimed at quadrupling production at its La Colorada mine in Mexic…
News
Canadian Stock Exchange Indices (June 24, 2002)
DateJune 18June 17June 14June 13June 12HighLowTSX Composite7327.547357.427249.027283.607359.56…
Golds retrench
With bullion prices finding new support at around US$318 per oz., the U.S.-listed gold companies spent the report period June 12-18 consolidating at levels about 5% lower than the 52-week highs attain…
Big plans for Peruvian placers
Mineral exploration companies like to get noticed. But a new venture operating out of Las Vegas and largely controlled by southern Ontario interests has gone one better on the usual junior promotion g…
Ensuring mining’s legitimacy, Part 2
The question remains: How does the industry regain the public credibility that, ultimately, underpins legitimacy?The answer is simple: it openly acknowledges the criticisms leveled at it, engages with…
PEOPLE (June 24, 2002)
Aurado — Roland Khalife, Raja Shaffu and Elie Soueiden appointed directors; David Robinson appointed CEO, Ian Baron appointed COO; Kamal Tamraz appointed CFO.Aurora — Daniel Innes appointed presiden…
Exchange Rates (June 24, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 18June 17June 14June 13June 12US$ in C$1.54411.54731.55001.5…
Benchmark lowered, resource stocks end mixed
The Toronto Stock Exchange S&P/TSX composite index shed 71.29 points over the June 12-18 trading period to finish at 7,327.54.Gold rose US$2.30 in overseas trading to settle at a London morning fix of…
Crucitas rights confirmed
Vannessa Ventures (VVV-V) has confirmed that the government of Costa Rica will honour the company’s existing rights to the Crucitas gold project.A decree by newly elected President Abel Pacheco bannin…
Tri Origin, Triako team up
An initial round of drilling by Australian-based Triako Resources has returned encouraging gold-silver intersections from the Overflow property of Tri Origin Exploration (TOE-V).The property, which li…
LME Warehouse Levels (June 24, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 18 (change from June 11 in brackets):MetalStock (tonnes)ChangeAluminium1205750(+…
TSE Short Positions (June 24, 2002)
Short positions outstanding at June 15, 2002Larger individual positions includeAgnico-Eagle 5,064,777 up 110,343; Alcan 1,488,270 up 517,286; Algoma Steel 160,000 down 181,000; A…