Diamondex gains ground
Randy Turner’s Diamondex Resources (DSP-V) has struck an agreement to acquire a 70% interest in the Peregrine property in Nunavut.Situated in the emerging Coronation Bay kimberlite camp, 520 km north …
News
Ashton boosts offering to $8m
Higher-than-expected demand for a $3-million brokered flow-through financing priced at a $1.10 per unit has led Ashton Mining of Canada (ACA-T) to raise an additional $1 million under the same terms.A…
Southern Rio gains BC foothold (November 26, 2001)
Shifting its focus from South America to precious metal properties in Canada, Southern Rio Resources (SNZ-V) has inked a deal to acquire the Duke copper property, 30 km west of Merritt, B.C.In return,…
Consolidation afoot in Free State
Joint bidders Harmony Gold Mining (HGMCY-Q) and African Rainbow Minerals (ARM) have succeeded in their offer to buy the Free State assets of AngloGold (AU-N) for R2.2 billion in cash.R1.8 billion is p…
Platosa yields mixed results (November 26, 2001)
Vancouver — Three drill holes at the Platosa base metal property in west-central Mexico have returned significant mineralization for Excellon Resources (EXN-V).Two of the holes tested the lateral off…
GREATEST VALUE TRADED, NOV. 14-20
ExchgVal($000s)HighLowCloseChangeFranco-NevT93366825.1021.9023.200.00…
World’s largest copper mine slashes production by 10%
A serious fall in the demand for copper has caused BHP Billiton (BHP-N) to reduce production at the Escondida and Tintaya operations in South America by an estimated 170,000 tonnes on an annualized ba…
MOST ACTIVE ISSUES, NOV. 14-20
ExchgVol(000s)HighLowCloseChangeFranco-NevT4024425.1021.9023.200.00…
Spot Prices Wed. November 21, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$273.15-$4.40Silver$ 4.07-$0.11Platinum…
Producer and Dealer Prices (November 26, 2001)
Antimony: Mid-mkt US$1,225/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec. US$0.673/lb.Indium: Indi…
Daily Metal Prices (November 26, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 20Nov. 19Nov. 16Nov. 15Nov. 14Aluminium1352/1367.501375/1389.501370/1388…
Newmont still volume leader
The New York Stock Exchange finished in positive territory over the report period Nov. 14-20, adding 150.43 points to close at 9,901.38.Like last week, the big newsmaker was Newmont Mining, which was …