Clouds rain red for Akrokeri-Ashanti
Unable to mine waterlogged, higher-grade material at its Bonte alluvial gold mine in Ghana, Akrokeri-Ashanti Gold M…
News
Gold Hawk dives as Meridian bails
Shares of Montreal-based junior Gold Hawk Resources (CGK-V) took a tumble after operator Meridian Gold (MNG-T) decided to drop the Machacala gold-silver project in Peru.In a prepared statement, Gold H…
Raglan area hot, junior market not
Vancouver — Canada’s junior exchange remained stuck in neutral despite a strong showing by select issues during the report period ended Nov. 19. The S&P TSX Venture Exchange composite index lost 1.54…
Canico cuts new zone
Vancouver — An ongoing 11,000-metre drill program has uncovered a new zone of nickel laterite mineralization at the Ona-Puma project in northern Brazil.Canico Resource (CNI-V) intersected the zone i…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.
North American Palladium overcomes mill problems
Despite an operational setback, North American Palladium (PDL-T) earned $2.9 million in the third quarter as revenue soared beyond $42.7 million.In early September, North American was forced to shut d…
Bema arranges bought-deal financing
Bema Gold (BGO-T) has entered into a bought-deal financing with a syndicate of firms led by Canaccord Capital and Haywood Securities, worth an initial $5 million, with an option that could gross as mu…
Exchange Rates (November 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13US$ in C$1.58521.59021.58…
Spot Prices Wed. November 13, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$319.00-$4.20Silver$ 4.55-$0.02Platinum$593.00+$…
Corner Bay-Pan Am merger delayed
The closing date of the merger between Corner Bay Silver (BAY-T) and Pan American Silver (PAA-T) has been delayed until mid-December while the latter continues to secure a water source to enable heap-…
Odds ‘n’ sods: Flying over Red Lake
The idea of flying prospectors and supplies into the field occurred to John Hammel in 1925, when he engaged the air service branch of the Ontario Department of Lands and Forests to fly 15 tons of supp…
Ceramics fuel feldspar demand
Strong growth in the production of ceramics, particularly in Italy, Spain and China, continues to push up demand for feldspar, according to a report by London-based Roskill Information Services.The st…