Gold consumption in China could triple if deregulation is approved, according to a research report commissioned by the London-based World Gold Council (WGC).The report, titled China’s Gold Market Refo…
In another strong display of staying power, gold jumped US$4.50 over the holiday-shortened Dec. 20-26 report period, adding to a 25 gain in the previous week. The yellow metal, which was fixed at US$…
Precious MetalsPrice (US$/oz.)ChangeGold$274.70+$4.50Silver$ 4.63+$0.02Platinum$610.00+$7.00Palladium$972.00+$39.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.23 $0.00Lead$ 0.22+0…
Denver — Junior Leadville Mining & Milling (LMMI-O) has signed a letter of intent to acquire the El Chanate gold property in Sonora state, Mexico, from a subsidiary of AngloGold (AU-N).The junior has…
Jipangu, a private Japanese investment company oriented toward the gold sector, has agreed to subscribe to a private placement of 15 million common shares of Cambior (CBJ-T) priced at US42 each, or U…
The mine buildings belonging to the now-defunct McIntyre gold mine, near Timmins, Ont., which produced 10.8 million oz. of gold over its 76-year life, will succumb to the wrecker’s ball over the next …
Short positions outstanding at December 15, 2000Abitibi-Consolidated Inc. 230,159 up 149,243; Alcan Aluminium Ltd. 295,734 up 206,780; Ameridian Ventures Inc. 100,500 up 100,500; An…
Few mines have endured a rockier road to production than Lac des les, Canada’s only primary platinum group metals (PGMs) mine. It is no understatement to say that many viewed its construction as the …
Vancouver — As Inco (N-T) patiently awaits a resolution to the frustrating development dispute that has stalled its Voisey’s Bay nickel-copper-cobalt project in Labrador, other companies are stepping…
In an article about the first gold pour at the Morila mine in Mali (T.N.M., Nov. 27-Dec. 3/00), the name of the operation was incorrectly spelled in the headline. Also, the operator, Randgold Resource…
The report period Dec. 11-15 saw a bout of liquidation in metals markets, inspired by worse-than-expected U.S. economic data. As a result, prices fell back — nickel, by 2.9%; tin, by 1.7%; and lead, …
As tax-loss selling draws to a close, so does the opportunity to take advantage of a seasonal weakness in the junior mineral resource market before liquidation dries up by year-end. With this in mind,…
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