Golds shine amid market downturn
It has been a while, but gold lived up to its reputation as a safe haven during the Dec. 13-19 report period, as a weakening U.S. dollar prompted gold-buying overseas.The buying came amid the U.S. Fed…
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Canadian Stock Exchange Indices (December 25, 2000)
DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13HighLowTSE 3008886.179008.639020.049069.389098.12…
Producer and Dealer Prices (December 25, 2000)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-15.50/lb.Copper: Comex March US$0.8695/lb.Indium: …
Spot Prices Wed. December 20, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$270.20+$0.25Silver$ 4.61-$0.04Platinum$603.00-$1…
Metal Prices (December 25, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 19Dec. 18Dec. 15Dec. 14Dec. 13Aluminium1602.50…
Richmont forges ahead at Hammerdown project
Richmont Mines (RIC-T) has received heartening results from bulk sampling at the Hammerdown gold property in northwestern Newfoundland.Between July and September, Richmont extracted 19,300 tons gradin…
Glamis, Metallica learn urban planning
Denver — Mining investors focus on drill results, feasibility studies and rates of return to determine which securities to buy. However, mining companies must do more than play with numbers to ensure…
K252 deemed best pipe yet in Alberta
Based on results from a mini-bulk sample, the K252 kimberlite is the best yet of the 35 pipes so far discovered by Ashton Mining of Canada (ACA-T) in the Buffalo Hills area of north-central Alberta.A …
Zincor to take Kipushi option
America Mineral Fields (AMZ-T) reports that Zinc Corp. of South Africa (Zincor) intends to exercise its option at the dormant Kipushi zinc-copper mine in the Democratic Republic of Congo.Under an agre…
Harmony Gold expands with two deals
Denver — When Harmony Gold Mining (HGMCY-Q) says it grows through acquisition, it is not a statement to be taken lightly. In the past five years, the company has made 14 such deals, and now it intend…
Emily Ann to go ahead
Australian-listed LionOre Nickel, a 75%-owned subsidiary of LionOre Mining International (LIM-T), says it will develop its wholly owned Emily Ann nickel sulphide project when it has completed formal d…
DRC letter unofficial: president
This letter is in regard to the letter to the editor titled “DRC insists Afton economic” (T.N.M., Dec. 4/00). The letter was submitted by Steven Lightburn [advisor to DRC] as his personal opinion of t…