Central banks call for extended agreement
European central banks want to extend the Washington Agreement, which has helped lift gold prices by capping sales of bullion reserves.The agreement, signed in September 1999, limited gold sales by it…
News
Trans Hex shareholders OK restructuring
Shareholders have voted in favour of a plan put forward by management of Trans Hex International (THI-T) designed to settle the company’s debt with African parent Trans Hex Group (THG).THI will transf…
Halls, Balint address discussion group
Henry Halls, a University of Toronto professor and authority on the Lake Superior Basin, will address the Toronto Geological Discussion Group on April 16.Halls will examine paleomagnetism, dyke swarms…
New shaft at Kidd Creek
Falconbridge has hired Cementation Skanska to sink the No. 4 shaft at its Kidd Creek mine, near Timmins, Ont.Kidd Creek is already North America’s deepest operating mine. The new shaft will extend mor…
Compensation for displaced miners
An announcement by Dan Newman, Ontario Minister of Northern Development and Mines, has broken previous written commitments made by the Ontario government to the exploration and mining sector. The gove…
Newmont joins
Newmont Mining (NEM-N) has agreed to acquire up to a 75% stake in Wolfden Resources’ (YWO-V) Skinner gold property in Ontario’s Red Lake mining district.Newmont can initially earn a 65% interest in th…
GREATEST VALUE TRADED, APRIL 3 – APRIL 9
ExchgVal($000s)HighLowCloseChangeAlcoa*N62718438.1536.0537.38-0.53…
Cacamuya back on First Point’s radar screen (April 15, 2002)
Vancouver — Early signs of a potential gold rally have prompted First Point Minerals (FPX-V) to shift its focus from platinum-palladium exploration in Ontario back to the Cacamuya epithermal project …
Northern Miner Indices (April 15, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…
CDNX slumps on low volume
Vancouver — The trading volume of Canada’s junior exchange fell to levels not seen since January during the report period ended April 9, as investors found little reason to buy stocks. The Standard &…
Daily Metal Prices (April 15, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 9April 8April 5April 4April 3Aluminium1353.50…
Exchange Rates (April 15, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 9April 8April 5April 4April 3US$ in C$1.59681.59411.59…