Bedwell’s booms and busts
Gold was first found in the bed of the Bedwell River by the Vancouver Island Exploring Expedition party, led by John Buttle in 1865. When the report of the discovery reached the city of Victoria, a hu…
News
Northern Miner Indices (May 14, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T19.3ComincoCLT-T5.1FalconbridgeFL-T6.7Franco-Nevada MiningFN-T6.3Freeport McMoRan Cop’r BFCX-N6.7Homestake MiningHM-N4….
Exchange Rates (May 14, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 8May 7May 4May 3May 2US$ in C$1.54441.54031.53491.5329…
Barrick posts record cash flow
The weak gold market and fears of recession in the industrial world may be working on the minds of many gold producers, but Barrick Gold (ABX-T) has kept smiling through the hard times — if you can c…
Africa’s rich copper belt lures majors
Africa’s copper belt has been in decline for decades, but that could change now that deep-pocketed majors have inked deals to increase their exposure to one of the world’s richest mineral districts.Ph…
Spot Prices Wed. MAY 9, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$265.20+$0.20Silver$ 4.32-$0.07Platinum$604.00+$…
TSE Short Positions (May 14, 2001)
Short positions outstanding at April 30, 2001Larger individual positions include:Alcan Inc. 1,106,907 up 358,359; Algoma Steel Inc. 248,500 up 246,500; Anderson Exploration Ltd. 4,374,970…
Corriente drills deeper
Corriente Resources (CTQ-T) has tabled encouraging drill results from a 7,500-metre program at the Mirador copper prospect in southeastern Ecuador.The first batch of 13 holes yielded five intersection…
Lower Metal Prices causes Grupo Mexico to post loss
Despite an aggressive cost-cutting campaign, Grupo Mexico registered a loss of US$48.8 million on revenue of US$773.2 million in the three months ended March 31.Lower metal prices and higher energy co…
Producer and Dealer Prices (May 14, 2001)
Antimony: Mid-mkt US$1,245/t.Bismuth: Mid-mkt US$3.85/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.95-11.80/lb.Copper: Comex July US$0.7685/lb.Indium: In…
San Martin mine blesses Glamis with profit
Denver — Commissioning of the San Martin mine in Honduras propelled Glamis Gold (GLG-N) to a first-quarter profit despite difficult times.The company earned US$387,000 (or 1 per share), compared wit…
Geoscience builds bridges through NATMAP
A project focused on studying Nunavut’s gold potential was among the highlights of Canada’s National Geoscience Mapping Program (NATMAP) in 2000. The program, now in its 10th year, was developed by th…