METAL PRICES (October 29, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17Aluminium…
News
Canadian Stock Exchange Indices (October 29, 2001)
DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17HighLowTSE 3006904.246905.216910.966899.966956.78…
Millennium, PGM join forces at Lac des les
A merger between New Millennium Metals (PGM-V) and Platinum Group Metals (PTG-V) is designed to consolidate the juniors’ land positions in the Lac des les region of northwestern Ontario.The deal, whi…
NAME CHANGES (October 29, 2001)
Fosters Resources (FRE-V) has changed its name to Blue Mountain Resources (BMR-V) on a 1-new-for-4-old-share basis.Totem Mining (TOH-V) has changed its name to Comcorp Ventures…
Gold price stalls development
Gold mining and gold exports play a vital role in many countries in the Asia-Pacific region, but their future economies are threatened by the low international price of the precious metal. Exploration…
Westmin earns more in quarter
Westmin Resources has found a 500-ft. eastward extension to the H-W massive sulphide deposit being developed at Myra Falls on Vancouver Island.A $20-million shaft-sinking program is more than halfway …
Zircon prices should stabilize
The zircon market has undergone a reversal of fortune in recent years, according to The Economics of Zirconium (10th edition), published by London-based Roskill.The Asian economic crisis, followed by …
LME WHSE LEVELS (October 29, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 23/01 (change from Oct. 16 in brackets):MetalStock (tonnes)ChangeAluminium715275…
Goldcorp earnings up on Red Lake production
Goldcorp (G-T) has announced improved third-quarter earnings on higher production and improved gold prices.For the three months ended Sept. 30, the company earned US$10.6 million (or 13 per fully dil…
Noranda keeps gobbling up Falco shares
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:Agnico-Eagle Mines (AGE-T) — FMR Corp., which must report its trading activ…
IMA rewarded in Peru
IMA Exploration (IMR-V) is encouraged by early drill results from a gold-enriched massive sulphide showing on the Rio Tabaconas property in northwestern Peru.The junior recently completed a 30-hole, 1…
Drilling keeps Canadian Zinc bullish at Prairie Creek
Vancouver — Junior Canadian Zinc (CZN-T) remains encouraged by drill results at its wholly owned Prairie Creek zinc-lead-silver property in the Northwest Territories.Recently, the company completed s…