Wayside arranges payment for Wells area claims
Vancouver — International Wayside Gold Mines (IWA-V) missed an option payment to Mosquito Consolidated Gold Mines (MSQ-V) in December 2001, owing to a lien filed by the British Columbia Ministry of R…
News
Ford takes writedown on PGM stockpile
Ford, the world’s second-largest automaker, has taken a US$1-billion writedown on its inventory of platinum group metals used in catalytic converters. The measure is part of an overall US$5.7-billion …
AngloGold extends bid to sway more shareholders
Unwilling to concede defeat, AngloGold (AU-N) is extending the expiry date of its takeover offer for Normandy Mining (NDY-T) as U.S. and Australian regulators give the go-ahead to rival suitor Newmont…
KEGS hosts short course
The Canadian Exploration Geophysical Society (KEGS) will host a short course during the week of the annual convention of the Prospectors & Developers Association of Canada.The course, titled “Hardrock…
Partners trench East Bull Lake (January 21, 2002)
Trenching at the East Bull Lake gabbro-anorthosite intrusion near Sudbury, Ont., has turned up more platinum group metals for partners Mustang Minerals (YMU-V) and Falconbridge (FL-T).Falconbridge is …
Amplats sets River Valley budget
Satisfied with its partner’s progress, Anglo American Platinum of South Africa has provided Pacific North West Capital (PFN-T) with another $2.3 million to advance the River Valley platinum-palladium …
GREATEST VALUE TRADED, JANUARY 9-15
ExchgVal($000s)HighLowCloseChangeFranco-NevT71404125.9522.8125.85+2.95…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …
Daily Metal Prices (January 21, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9Aluminium1379/139…
Exchange Rates (January 21, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9US$ in C$1.58971.59711.59721.60…
Producer and Dealer Prices (January 21, 2002)
Antimony: Mid-mkt US$1,080/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$6.79-8.50/lb.Copper: Comex Mar. US$0.—-/lb.Indium: Ind…
CDNX bucks the downward trend
Vancouver — Canada’s junior exchange bucked the trend set by the major bourses and posted modest gains during the week ended Jan. 15. The Standard & Poor’s-CDNX composite tacked on 3.79 points, or 0….