Spot Prices Wed. January 17, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$263.10-$3.60Silver$ 4.67+$0.14Platinum$628.00-$9…
News
Viceroy bullish on Gualcamayo results
Vancouver — A 16-hole program of reverse-circulation drilling by Viceroy Resource (VOY-T) has returned significant low-grade gold mineralization outside the known resource area on the Gualcamayo prop…
Corriente confirms copper core at Panantza project
Vancouver — The final results from a 17-hole drill program targeting the Panantza porphyry system in southern Ecuador has junior Corriente Resources (CTQ-T) considering a stand-alone operation.Previo…
LME Warehouse Levels (January 22, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 16/01 (change from Jan. 9 in brackets):MetalStock (tonnes)ChangeAluminium351725(…
EXCHANGE RATES (January 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)b>DateJan. 16Jan. 15Jan. 12Jan. 11Jan. 10US$ in C$…
Cambior streamlines debt load
After more than a year of twists and turns, Cambior (CBJ-T) has finally completed an extensive restructuring, shedding most of its non-gold assets and streamlining its debt load and hedge book.The res…
Freewest, Sparton persevere at Folson Lake PGM property
Partners Freewest Resources (FWR-M) and Sparton Resources (YSP-V) will begin another round of drilling at their Folson Lake platinum group metals (PGM) property, near Sudbury, Ont.Folson Lake covers 3…
Anaconda exercises Magistral option
Vancouver — Having completed an internal scoping study of Inca Pacific Resources’ (IP-V) Magistral porphyry-skarn project in northern Peru, Anaconda Peru is continuing its exploration effort.As part …
Ventersdorp study under way
In preparation for their proposed merger, Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) have initiated a prefeasibility study at the latter’s Ventersdorp diamond project in South Afri…
Rubicon still hopeful at Lewis Lake
Vancouver — Despite disappointing results from a 13-hole drilling phase, Rubicon Minerals (RMX-T) intends to persevere at its Lewis Lake base metal property in north-central NewfoundlandThe 2,534-met…
Alcan’s Bougie bushed, packs it in
Jacques Bougie, president and chief executive officer of Alcan Aluminium (AL-T) for the past seven years, has abruptly resigned, citing a desire to step off “the treadmill.”The surprise announcement c…
Nuinsco to drill Bucko
A flow-through financing for $400,000 will bankroll a drilling program by Nuinsco Resources (NWI-T) at the Bucko property near Wabowden, Man.Nuinsco is to drill an electromagnetic anomaly located by a…