Can-Cal objects to Miner’s comments
We have read your comments in the “Query” column responding to a letter regarding Can-Cal Resources Ltd. We regret to say that your comments are factually incorrect and, as a result, your negative ref…
News
Temex options Temagami bet
Toronto-based junior Temex Resources (TEMX-C) has entered into an agreement with Teck (TEK-T) to acquire the 81-ha Diadem/O’Connor base metal property in Strathcona Twp., near Temagami, Ont.Temex can …
Dow slows before holiday
The Dow Jones industrial average edged up 75.95 points, or 0.7%, during the report period ended Aug. 29 to close at 11,215.10. Trading, however, was light in anticipation of the Labour Day holiday.The…
Nelson mired in red ink
Despite higher production and lower costs, Nelson Gold (NLG-T) reported a net loss of US$421,000 on revenue of US$3.4 million for the three months ended June 30.In the comparable period of 1999, the c…
Volcanic island under study
Geologists have known about the relationship between volcanic action and precious metals deposits for a long time. Now, for the first time, a team of scientists is watching the formation of a volcanic…
Spot Prices Wed. August 30, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$272.60+$0.15Silver$ 4.89+$0.08…
GREATEST VALUE TRADED, August 23-29
Exchg Val($000s)HighLowCloseChangeRio AlgomT 806390 29.00 26.20 28.70 + 2.45…
Exchange Rates (September 04, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 29Aug. 288Aug. 25Aug. 24Aug. 23…
Producer and Dealer Prices (September 04, 2000)
Antimony: Mid-mkt US$1,750/t.Bismuth: Mid-mkt US$3.20/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.95-16.00/lb.Copper: Comex Sept. US$0.879/lb.Indium: I…
Can-Cal
BHP World Minerals, a division of Broken Hill Proprietary (BHP-N), will join Caledonia Mining (CAL-T) in exploring the Kalimba copper-cobalt properties in the Zambian copperbelt.BHP can earn an initia…
Analysts ponder fate of copper companies
The battle for control of Rio Algom (rom-t) is keeping mining analysts busy in what would otherwise be a quiet Canadian summer. Talk on the street is that Noranda (nor-t) will boost its $24.50-per-sha…
River runs red in quarter
Higher production costs left River Gold Mines (RIV-T) with a loss of $1.6 million (or 5 per share) in the three months ended June 30.River, which took in revenue of $8 million during the quarter, los…