Dinner will honour Cross
After 52 years and 13,388 issues, the George Cross Newsletter and its editor, George Cross, Jr., have decided to call it a day.The final issue of the west-coast mining chronicle was published at the e…
News
Spot Prices Wed. February 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$262.90-$3.30Silver$4.63-$0.16Platinum$606.00+$1.00…
Gold detects foreign substances
Scientists at the Department of Energy’s Sandia National Laboratories in Albuquerque, N.M., have developed a “laboratory on a chip” that allows for quick detection and testing of small amounts of unkn…
***** New Story***** Producer and Dealer Prices
Antimony: Mid-mkt US$1,300/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.45-14.30/lb.Copper: Comex March US$0.8305/lb.Indium: …
Seahawk raises funds for Piteiras
Seahawk Minerals (SKM-V) has raised another $1 million for work at its 75%-owned Piteiras emerald prospect in Brazil’s Minas Gerais state.The Denver-based junior privately placed 1.4 million special w…
Iamgold posts more quarterly profits
Vancouver — Markham, Ont.-based Iamgold (IMG-T) continues to post profits, thanks to record production during the third quarter.The company holds a 38% stake in the Sadiola gold mine through Mali-bas…
LME WHSE LEVELS (February 12, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 6/01 (change from Jan. 30 in brackets):MetalStock (tonnes)ChangeAluminium426450(…
Falco posts record earnings despite strike
Higher metal prices and increased low-cost production from its new Raglan and Collahuasi mines offset the effects of an ongoing strike at its Sudbury operations, enabling Falconbridge (FL-T) to post r…
Barrick takes US$1.1b hit against 2000 earnings
As expected, Barrick Gold (ABX-T) wrote-down the value of some of its assets by a total of US$1.1 billion to reflect the reality of lower gold prices in recent years and to prepare for the possibility…
Oakes book has investigative flavour
Sir Harry Oakes, 1874-1943:An Accumulation of NotesBy Bob CowanHighway Book ShopCobalt, Ont. P0J 1C0Bob Cowan’s collection o…
Metal Prices (February 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 6Feb. 5Feb. 2Feb. 1Jan. 31Aluminium1630/1605…
Mixed earnings polarize resource sectors
Erasing some of the gains made in the previous week, the Toronto Stock Exchange 300 index slipped 46.96 points over the Jan. 31-Feb. 6 report period to finish the week at 9,301.40.A flurry of mixed ne…