Gammon looks to Bolnisi at Ocampo
Gammon Lake Resources (GAM-T) has found an operator for its proposed Ocampo gold-silver mine in Mexico’s Chihuahua State.In a preliminary deal, Australian-listed junior producer Bolnisi Gold will earn…
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Alamos takes a stand in Mexico
Vancouver — The low price of gold has prompted many major producers to shed sub-economic assets, and partners Alamos Minerals (AAS-V) and National Gold (NGT-V) are hoping to capitalize on the trend b…
Bigger reserves at Niobec
Cambior (CBJ-T) and Mazarin (MAZ-T) have upgraded resources into reserves at their equally owned Niobec niobium mine in Quebec.Proven and probable reserves now total 18.2 million tonnes grading 0.68% …
Spot Prices Wed. February 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.45+$16.50Silver$ 4.48+$0.18Platinum$464.00+…
Coeur ramp cuts high grade at Cerro Bayo (February 11, 2002)
Coeur d’Alene Mines (CDE-N) has cut new high-grade gold and silver mineralization at its Cerro Bayo property in southern Chile.During construction of the upper access ramp, the Idaho-based company cut…
Omai’s performance improved in 2001
Despite being just a few years from the end of its operating life, Cambior’s (CBJ-T) Omai open-pit gold mine in Guyana managed to turn in a record performance during 2001.The operation achieved its hi…
LME Warehouse Levels (February 11, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 5 (change from Jan. 29 in brackets):MetalStock (tonnes)ChangeAluminium865075(+15…
Daily Metal Prices (February 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30Aluminium1366/1383…
Canadian Stock Exchange Indices (February 11, 2002)
DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30HighLowTSE 3007523.477591.077690.517648.997548.83…
CDNX rallies as gold climbs
Vancouver — Canada’s junior exchange continued to move higher on heavy volumes over the report period ended Feb. 5. The Standard & Poor’s-CDNX Composite Index gained 25.9 points, or 2.3% to close at …
Falconbridge ends 2001 on sour note
Weak metal markets kept Falconbridge (FL-T) firmly in the red during the final three months of 2001, but not deep enough to erase profits made earlier in the year.Falconbridge squeaked by last year wi…
Lang hangs on to Valerie Gold
Vancouver — Frank Lang managed to stave off a contentious proxy fight as shareholders voted almost two-to-one to keep his management team at the helm of Valerie Gold Resources (VLG-V).Less than half …