Exploration companies tightened belts in 2001
With prices for base and precious metals sagging, funding for exploration has become scarce, a fact borne out by Halifax-based Metals Economic Group’s latest study of exploration budgets for 679 compa…
News
More drilling slated for Boyongan
Vancouver — The purchase of an additional 10% stake in Philex Mining’s (PGI-V) Boyongan copper-gold prospect in the Philippines has propelled Anglo American (AUUK-Q) to step up the pace of drilling.T…
Majors sink with Metal Prices
An easing of base and precious metal prices during the week before Christmas resulted in a broad decline in producers stocks.Southern Peru Copper was off 14 to US$11.16 as it placed US$73 million wor…
Rio Tinto drops Mogote
London-based Rio Tinto (RTP-N) has decided to drop its option to earn up to a 70% interest in IMA Explorations’ (IMR-V) Mogote copper-gold property in Argentina’s San Juan province.The major had an op…
War Eagle advances Mac tantalum property
Vancouver — War Eagle Mining (WEM-V) has released encouraging results from its Mac tantalum property in the Mackenzie Mountains of the Northwest Territories.The 45-sq.-km property features a tantalum…
Scrooge-like meanness grips TSE
EASTERN MARKETLast-minute selling before the Christmas holidays saw the Toronto Stock Exchange 300 index fall 58.17 points over the Dec. 19-20 report period. The benchmark finished the shortened week …
CDNX gears up for new year
WESTERN MARKETVancouver — Canada’s junior exchange managed to post modest gains on heavy volume over the holiday-shortened period ended Dec. 21. The Standard & Poor’s-CDNX composite index ended the s…
GREATEST VALUE TRADED, DEC. 19-20
Value($000s)HighLowCloseChangeAlcoa*N…
Tiberon expands Nui Phao deposit (December 31, 2001)
Vancouver — Assay results from 11 stepout holes have expanded, to the east, west and south, the Nui Phao tungsten deposit in Vietnam. The property is in the country’s northern region, near Hanoi.Tibe…
Stock markets scrape bottom
TWENTY YEARS AGO/JANUARY 1982Anticipating an impending economic slump, stocks on all Canadian exchanges started reversing their long uptrend, ending 1981 sharply lower. In fact, the TSE suffered its t…
MOST ACTIVE ISSUES, DEC. 19-20
Volume(000s)HighLowCloseChangeAlcoa*N…
Daily Metal Prices (December 31, 2001)
DateDec. 25Dec. 24Dec. 21Dec. 20Dec. 19Aluminiumnana1336.50/1350.501331/1346.501336/1357.50Al Alloynana1060/10911077/11001081/1115Coppernana1445.50/14691461/14851461/1486.50Leadn…