Matamec cuts gold at Sakami
Val d’Or, Que.-based Matamec Explorations (MAT-V) has released preliminary results from a second round of drilling at the Sakami gold project, 80 km southeast of Radisson, Que.The 2,000-metre drilling…
News
US markets fly like turkeys
The U.S. markets enjoyed an uneventful four trading days surrounding the American Thanksgiving holiday, with the Dow Jones Industrial Average sliding 28.78 points to 9,872.60 and the Standard & Poors …
PEOPLE (December 03, 2001)
Canadian Zinc — John Kearney appointed director.Easton — Eric Caton appointed director and Leslie Markow appointed corporate secretary.Int’l Pursuit — Bernard Kraft appointed executive…
Short term grim for cobalt
The short-to-medium-term outlook for cobalt remains unfavourable, according to a report from London-based Roskill Information Services.In 2001, prices for the base metal fell almost continually, to le…
Exchange Rates (December 03, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 27Nov. 26Nov. 23Nov. 22Nov. 21US$ in C$1.59481.60001.59…
Spot Prices Wed. November 28, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$274.60+$1.45Silver$ 4.09+$0.02Platinum$438.00…
War on terrorism will trigger renewed bout of inflation: Ing
The most bullish of Bay Street’s gold bugs, John Ing of Maison Placements Canada, says we are about to enter a period of inflation that will dramatically improve gold prices in the medium term.In an O…
Rio Narcea sees red in third quarter
Lower grades from a transition zone at the Boinas East pit in Spain hampered gold production for Rio Narcea Gold Mines (RNG-T) and forced the company to post a loss for the third quarter.The US$850,70…
FPO De Beers looks to trim costs at Victor
Despite mixed results from a study of the Victor diamond project in the James Bay Lowlands of Ontario, De Beers Canada says it intends to proceed with a prefeasibility study.Few details of the scoping…
NAP dips back into the red
Startup problems at the newly expanded Lac des les mine in northern Ontario, combined with lower realized palladium prices, resulted in a third-quarter loss of $2.7 million for North American Palladi…
MOST ACTIVE ISSUES, NOV. 21-27
ExchgVol(000s)HighLowCloseChangeTiomin ResT96900.110.050.09+0.02…
Ontario funding assists APGO
The Ontario government will spend $25,000 to help the Association of Professional Geoscientists of Ontario (APGO) get off the ground as it begins to register members.The association became the governi…