TSE Short Positions (June 11, 2001)
Short positions outstanding at May 31, 2001Larger individual positions include:Abitibi-Consolidated 1550553 up 272483; Alcan Inc. 1646690 up 154460; Aur Resources 165744 up 153075;…
News
Spot Prices Wed. June 6, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$266.95-$6.70Silver$ 4.36-$0.15Platinum$585.00-$…
Exchange Rates (June 11, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 5June 4June 1May 31May 30US$ in C$1.53271.53571.53201.5457…
Producer and Dealer Prices (June 11, 2001)
Antimony: Mid-mkt US$1,125/t.Bismuth: Mid-mkt US$3.80/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.00-12.75/lb.Copper: Comex July US$0.7615/lb.Indium: I…
Rockwell drops Pedra Branca
Denver — Rockwell Ventures (RCW-V) has dropped the Pedra Branca platinum-palladium project in northeastern Brazil after drilling failed to return satisfactory results.Rockwell was earning a 60% inter…
Sultan explores Kena gold project GQ
Vancouver-based Sultan Minerals (SUL-V) has launched an exploration program at the Kena gold property, near Nelson in southeastern British Columbia. Work is focused on the Gold Mountain zone discovery…
Delays at Bounty mine hamper Viceroy
Vancouver — A low gold price combined with high operating costs resulted in another quarterly loss for Viceroy Resource (VOY-T) during the three months ended March 31.The company posted a net loss of…
Thunderbox gets green light
An independent study envisages an open-pit operation employing conventional processing techniques at the Thunderbox gold project in Western Australia. Accordingly, LionOre Mining (LIM-T) and Dalrymple…
Regulators OK equity financing
Having received regulatory approval, First Quantum Minerals (FM-T) is proceeding with an equity financing of 4.6-7.6 million treasury shares.The shares, priced at $4.05 apiece, are being offered in On…
Resource sector drives CDNX
The Canadian Venture Exchange composite index tacked on 32.13 points, or 0.9%, to close the week ended June 5 at 3322.54. The mining index added 83.83 points, 1.2%, to its value and finished at 7228.1…
Placer squeezes more gold out of Pipeline
Denver — The start of mining at the South Pipeline deposit and an ore-sales agreement with the Jerritt Canyon operation are expected to contribute to a 17% increase in gold output at the Pipeline com…
Golden Phoenix plans to resuscitate Mineral Ridge
Denver — Golden Phoenix Minerals (GPXM-O) intends to resume production at the Mineral Ridge mine in southwestern Nevada. To do so, the Reno-based company will try to secure US$2 million in financing …