Daily Metal Prices (January 28, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 22Jan. 21Jan. 18Jan. 17Jan. 16Aluminium1362/13…
News
Lending Rates (January 28, 2002)
as of 4 pm ET, Jan. 22, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Canadian Stock Exchange Indices (January 28, 2002)
DateJan. 22Jan. 21Jan. 18Jan. 17Jan. 16HighLowTSE 3007559.297582.857604.797652.717584.02…
Franco, Normandy rise to the occasion, again
The biggest news over the Jan. 16-22 report period was the withdrawal of South African AngloGold from a battle with U.S. miner Newmont Mining for control of Normandy Mining.The 3-month-old w…
Lower grades at Grasberg push Freeport into the red
Vancouver — Lower grades at the mighty Grasberg mine in Indonesia resulted in decreased production and a fourth-quarter loss for Freeport-McMoRan Copper & Gold (FCX-N).The New Orleans-based company t…
Mixed week in US trading
In the face of declining base and precious metals, a number of U.S.-listed mining majors still managed to trade higher over the report period, as investors showed interest in old-economy cyclicals.BHP…
TSE Short Positions (January 28, 2002)
Short positions outstanding at January 15, 2002Larger individual positions include: Aber Diamond 250,797 up 127,298; Amarc Resources 112,500 up 112,500; Ashton Mining 210,100 up 81,100;…
Trading Summary (January 25, 2002)
The Toronto Stock Exchange ended the week at 7,659.3 with a modest 1.71-point gain on Friday. The gold issues led t…
Ashanti strikes debt relief deal
Ghana-based Ashanti Goldfields (ASL-N) has struck a deal with the holders of US$219 million worth of the company’s…
Nevada Pacific explores South Carlin project
Vancouver — Nevada Pacific Gold (NPG-V) and partner Placer Dome (PDG-T) have kicked off a phase-1 US$670,000 explo…
Bright Star sees promise in Tulameen
Vancouver — The sampling of 1997 drill core by Bright Star Ventures (BSV-V) has resulted in the identification of…
Ivanhoe eyes US$15 million for Turquoise Hill
Ivanhoe Mines (IVN-T) has arranged for a US$15-million private placement with a group of Canadian and Australian mu…