News

BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 19Sept. 18Sep. 15Sept.

Coeur d’Alene Mines (CDE-N) will explore the Wonder silver-gold property in north-central Nevada.The company is required to spend at least US$1.25 million on the property over five years, and it can b…

Former Golden Rule Resources (GNU-T) president Glen Harper, convicted in mid-July of two counts of insider trading in the company, has been sentenced to a year in jail and a fine just under $4 million…

The Sept. 13-19 report period saw another 25 tonnes of gold pour into the market from the Bank of England. The anticipated auction was oversubscribed by a rate of 2.6 times; however, this had little a…

The World Diamond Conference, held earlier this year at Toronto’s Four Seasons Hotel, attracted delegates from a broad cross-section of the global diamond industry, including a large Canadian continge…

Australia’s Ashton Mining has discovered what it believes is the first fully-documented diamond-bearing kimberlite pipe in Mauritania, northern Africa.Selected reverse-circulation drill samples totall…

The strong demand for nickel continues and Canada’s two producers, Inco and Falconbridge, are registering record levels of peacetime production.Production levels from Inco in the last half of 1950 sho…

Gold Funds as of September 14, 2000Dynamic MutualCentral FundNet Value$12.73$5.41Price…

ExchgVol(000s)HighLowCloseChangeAlcoa*N 23671 30.44 25.31 25.62 – 4.57…

Canada’s junior exchange posted a modest gain as the technology and oil-and-gas sectors helped offset losses in mining. The Canadian Venture Exchange composite index tacked on 40.92 points, or 1.1%, t…

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 19Sept. 18Sep. 15Sept. 14Sep. 13…

Short positions outstanding at September 15, 2000Larger individual positions include: Abitibi-Consolidated Inc. 1,215,986 down 398,854; Alcan Aluminium Ltd. 871,491 down 198,392; Anderson Expl. Ltd.