Goldfields gains Centaur ground
Australian-based Goldfields has bought the Mt. Pleasant properties of insolvent gold and nickel producer Centaur Mining & Exploration from the company’s receivers.The A$42.6-million purchase consolida…
News
First Quantum cuts copper grades at Nkana
Infill drilling by partners First Quantum Minerals (FM-T) and Swiss-based Glencore International is attempting to replenish reserves at the Nkana copper-cobalt operation in Zambia’s copper belt.Nkana …
Mustang, Implats forge ahead at River Valley
Trenching at the River Valley project in northern Ontario has uncovered more rich platinum-palladium grades for partners Mustang Minerals (YMU-V) and Impala Platinum.Each of two trenches, spaced 950 m…
Negotiations on Voisey’s Bay extended
Talks between Inco (N-T) and the Newfoundland government have been extended until year-end to give the parties more time to hammer out a development deal for the Voisey’s Bay nickel project in Labrado…
NAME CHANGES (October 22, 2001)
Spokane Resources (SKN-V) has changed its name to SKN Resources (SRL-V) on a 1-new-for-10-old share basis.Lucero Resource (LCR-V) has changed its name to Squared Developments…
Gold slips back to low US$280s
The downward trend in gold prices that began after the U.S. started bombing Afghanistan continued through the Oct. 10-16 report period, with the yellow metal falling US$4.85 to fix at US$281.65 per oz…
Canadian Stock Exchange Indices (October 22, 2001)
DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10HighLowTSE 30070…
PNWC buoyed by resource estimate at River Valley
Vancouver — Pacific North West Capital (PFN-T) is encouraged by an independent resource estimate for its River Valley platinum group metal property, near Sudbury, Ont.The combined in situ resource of…
Producer and Dealer Prices (October 22, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.75-9.00/lb.Copper: Comex Dec. US$0.644/lb.
Exchange Rates (October 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10US$ in C$1.56191.55791.56…
Steel shipments continue fall
The U.S. shipped 68.1 million tonnes of steel during the first eight months of 2001, down 10% from the corresponding period in 2000, when 75.6 million tons were shipped.In August 2001, U.S. steel mill…
Masuparia cuts high grade at Greywacke
Vancouver — Junior Masuparia Gold (MPG-V) continues to intersect high-grade gold at its Greywacke project, 90 km northeast of La Ronge, Sask. The company is testing the continuity between gold interc…