Slumping gold weighs down Venture exchange
Vancouver — Investors shied away from Canada’s junior exchange as the S&P composite index continued its bumpy slide over the week ended July 30. The TSX Venture Exchange shed 32.83 points, or 3.13% o…
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Silver Standard inks Challacollo option (August 05, 2002)
Vancouver — The results from a due diligence program have prompted Silver Standard Resources (SSO-V) to continue working the Challacollo silver-gold property in northern Chile.The 2,500-metre program…
Spot Prices Wed. July 31, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$305.40-$8.20Silver$ 4.66-$0.20Platinum$530.00+$…
Lending Rates (August 05, 2002)
as of 4 pm ET, July 30, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.86LIBOR US$ 1-year2.07Gold lease 3-month0.32Gold leas…
KEGS Foundation awards nine scholarships
The KEGS Foundation has awarded scholarships totaling $7,500 to nine undergraduate in geophysics at five Canadian universities.Recipients include the following: Michael Ash, Michael Wheeler and Olabus…
Wayside hits more gold (August 05, 2002)
Vancouver — With the latest drill results from the northwestern extension of the Bonanza Ledge prospect showing little gold, International Wayside Gold Mines (IWA-V) has remobilized its rig to the or…
Pechiney bolsters global aluminum production
Paris-based Aluminum giant Pechiney has won several production contracts, which will boost capacity at several major smelters.Output at Aluminum Bahrain, in Alba, will be increased by 308,000 tons. At…
Anglo American bids farewell to Kolwezi
Anglo American (AAUK-Q) has decided to sell its half-interest in Congo Mineral Developments (CMD), the joint venture that holds a 60% interest in the Kolwezi copper-cobalt tailings project in the Demo…
Canadian Stock Exchange Indices (August 05, 2002)
DateJuly 30July 29July 26July 25July 24HighLowTSX Composite6511.186483.076309.946278.446382.13…
Gold Funds (August 05, 2002)
Gold Funds as at July 25, 2002Dundee Precious MetalsCentral FundNet Value$19.88$5.98Price$15.05$6.20…
Daily Metal Prices (August 05, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 30July 29July 26July 25July 24Al Alloy1295/128…
AngloGold, unions ink AIDS deal
South African-based AngloGold and five labour unions have signed an agreement to minimize the impact of HIV/AIDS in the workplace.The unions include the National Union of Mineworkers, MWU Solidarity, …