PEOPLE (July 02, 2001)
Arena Gold — Louis-Marie Riopel appointed president.AMT Int’l Mining — John Hick appointed acting chairman and president.Manhattan — Peter Tegart appointed chairman of the board; Lawre…
News
Newmont targets RDN (July 02, 2001)
Vancouver — Newmont Exploration of Canada, a wholly owned subsidiary of Newmont Mining (NEM-N), is gearing up for a 1,200-metre drill program over Rimfire Minerals’ (RFM-V) RDN gold-silver property …
Novagold takes aim at Shotgun (July 02, 2001)
Vancouver — Novagold Resources (NRI-T) has completed an agreement with Cominco (CLT-T) to earn the 52.5% it does not already own of the 1-million-oz. Shotgun gold property in southwestern Alaska.The …
Exchange Rates (July 02, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 26June 25June 22June 21June 20…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Producer and Dealer Prices (July 02, 2001)
Antimony: Mid-mkt US$1,115/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.00/lb.Copper: Comex July US$0.718/lb.Indium: In…
Canadian Stock Exchange Indices (July 02, 2001)
— 52-week –DateJune 26June 25June 22June 21June 20High…
Drilling expands Millennium
Denver — Glamis Gold (GLG-N) is half-way through an 80,000-ft. drilling program at the Millennium project in Nevada, where it expects to outline a new resource.Glamis owns a 66.7% interest in Marigol…
Majescor options Portage property to BHP
Encouraged by results from till sampling in the Otish Mountains area of central Quebec, BHP Diamonds has struck a deal with Majescor Resources (MAJ-V) to earn up to a 56% interest in the Portage prope…
Spot Prices Wed. June 27, 2001Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$276.00+$3.60Silver$ 4.35-$0.05…
Partners turn up low grades in Kirkland Lake
Five holes drilled in the South Break and 180 Splay structures in Lebel and Gauthier twps., near Kirkland Lake, Ont., have intersected long intervals of low-grade gold mineralization.Partners Queensto…
Rio drops Vicuna property
Vancouver — Despite cutting wide zones of copper-silver mineralization in its first round of drilling on the Vicuna gold project in northwestern Argentina, Rio Tinto (RTP-N) has decided to stop explo…