Inco gets new CFO
Inco (N-T) has appointed Farokh S. Hakimi as executive vice-president and chief financial officer.Hakimi replaces George Halatsis, who resigned from both positions in order to work for another firm.Ha…
News
Advancing investment demand spurred ’01 gold price
Although gold consumption slid 2% in comparison with the previous year, the yellow metal went out on a high note in 2001, largely propelled by significant increases in investment demand, says the rece…
Rubicon adds $3m to coffers
Vancouver — Rubicon Minerals (RMX-V) has raised $3 million through a brokered private placement and will use a portion of the funds to explore its Red Lake properties in northern Ontario.The financin…
General Minerals extends Atocha mineralization (March 04, 2002)
Surface channel sampling by General Minerals (GNM-T) along strike from the A10 test mine site at the high-grade Atocha silver project in central Bolivia has extended mineralization over a strike lengt…
Diamondex budgets $2.5m for exploration
Diamondex Resources (DSP-V) has added to its holdings in the Coronation Gulf district in Nunavut by staking 202 sq. km in an area southwest of the Anuri kimberlite discoveriesThe company will spend $6…
Candente ups interests in Peru (March 04, 2002)
Vancouver — Candente Resource (DNT-V) has acquired the remaining 50% interest it does not already own in three Peruvian gold projects: Lunahuana, El Tigre and Las Sorpresas.The Joanne Freeze-led juni…
Western Copper drills Penasquito
Having raised enough funds in a private placement, Western Copper Holdings (WTC-T) is preparing to launch a drilling program at its Penasquito lead-zinc-silver property near Zacetecas, Mexico.Covering…
Spot Prices Wed. February 27, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$299.30+$5.10Silver$ 4.45-$0.05Platinum$494.00+$…
LME Warehouse Levels (March 04, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 26 (change from Feb. 19 in brackets):MetalStock (tonnes)ChangeAluminium920500(+2…
Exchange Rates (March 04, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 26Feb. 25Feb. 22Feb. 21Feb. 20US$ in C$1.61101.60161.59431.5…
Producer and Dealer Prices (March 04, 2002)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.60-7.20/lb.Copper: Comex Mar. US$0.7015/lb.Indium: Ind…
Producers rise with yellow metal
Despite little substantive news from the bullion markets over the report period ended Feb. 25, gold prices still managed to stage a significant rally and closed up $5 to just under US$300 per oz.The U…