Golds rise against tide
Rising gold shares were set off in contrast to most other market sectors after a poor three trading days on the U.S. exchanges, Dec. 23-27. The Dow, declining 207.54 points to 8,303.78, and the S&P 50…
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Daily Metal Prices (January 06, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24Al Alloy1350/132…
McWatters eyes Kiena revival (January 06, 2003)
Surface and underground drilling by McWatters Mining (MWA-T) has outlined new measured and indicated resources at the idled Kiena mine, near Val d’Or, Que.The resources, found in two zones, total 1.2 …
Apollo raises $14.4 million for Montana Tunnels
One more sign that things are picking up in the gold business: Apollo Gold (APG-T) has completed a private placement of 6 million units priced at $2.40 each for gross proceeds of $14.4 million.A unit …
Intrepid enlarges Salvadoran gold target
Drilling by Intrepid Minerals (IAU-V) at the Aldea Zapote exploration concession, east of Metapan in the northwestern corner of El Salvador, has extended the property’s known silver mineralization dow…
Producer and Dealer Prices (January 06, 2003)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.80/lb.Copper: Comex Mar US$0.704/lb.Indium: Indiu…
Spot Prices Monday, December 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$348.50+4.60Silver$4.72+0.09Platinum$598.00+5.00P…
BHP Billiton drops Ekati brand
London-based BHP Billiton has dropped its Ekati diamond brand in favour of Aurias, a brand already known in markets outside North America.The company previously sold diamonds under the Ekati brand nam…
Golden Star funds work in Ghana
Vancouver — With the price of bullion hitting US$350 per oz., Golden Star Resources (GSC-T) is advancing its mining properties in Ghana.The company filed a shelf offering to sell up to US$75 million …
Exchange Rates (January 06, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24US$ in C$1.57891.5684HolidayHo…
Axmin closes financing (January 06, 2003)
Junior gold explorer Axmin (AXM-V) has closed a non-brokered private placement of 4.2 million units priced at 30 apiece, for total proceeds of $1.2 million.Each unit consists of one share plus a half…
Aurizon goes deeper at Casa Berardi
Vancouver-based Aurizon Mines (ARZ-T) has raised $8 million after issuing nearly 5.2 million flow-through shares and 740,740 common shares priced at $1.35 apiece.The $7 million raised from the flow-th…