Producer and Dealer Prices (July 22, 2002)
Antimony: Mid-mkt US$1,550/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Sept US$0.7435/lb.Indium: Ind…
News
Gold Funds (July 22, 2002)
Gold Funds as at July 11, 2002Dundee Precious MetalsCentral FundNet Value$23.48$5.91Price$17.45…
Port Colborne residents to appeal cleanup standard
Residents of Port Colborne, in Ontario’s Niagara region, have been given the right to appeal a cleanup order which they say is too limited.The order, made in March by the Ministry of the Environment, …
Exchange Rates (July 22, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 16July 15July 12July 11July 10US$ in C$1.53481.53661.53021.5…
Alcan’s earnings down, revenues up (July 22, 2002)
Despite lower prices for its aluminum products, Alcan (AL-T) still managed to turn a respectable profit in the second quarter.For the period ended June 30, Alcan posted net income attributable to comm…
Alcan closes Bracebridge plant
After 32 years, Alcan Aluminum has closed its cable-making plant in Bracebridge, Ont.Copper wire accounted for 70% of the plant’s output, and Alcan blames the closure on a continued slump in demand fo…
‘Super’ flow-through shares update
COMMENTARY/PDACThe tax credits produced by “super” flow-through shares appear to have had a positive impact on the mineral exploration industry but still fall short of the expectations of the Prospect…
Poor values and volatile prices Risk without wealth
Exit, pursued by a bear.ShakespeareA Winter’s Tale, III-3/57At the time of writing, the North American stock markets are plumbing new depths in the sustained selloff of stocks that began in March of 2…
News – 22-JUL-02
Pacific Minerals drill-tests 217 Gold project
Pacific Minerals (PMZ-V) will oversee a 5,000-metre program of diamond drilling on the 217 Gold project in Inner Mongolia.Crews will test the main Northeast Gold zone, which is 1,600 metres long and u…
High River eyes more Russian gold
High River Gold Mines (HRG-T) has inked a deal to acquire the Berezitovoye project in the Amur region of southern Siberia, from a Russian company, Khaikta Ltd.Under the deal, High River will issue Kha…
Placer extends AurionGold offer (July 22, 2002)
For a second time, but now with a whiff of desperation, Placer Dome (PDG-T) has extended the closing date for its hostile, all-share offer for Australian-listed AurionGold. The new deadline is Aug. 7….