GREATEST VALUE TRADED, MAY 15-21
ExchgVal($000s)HighLowCloseChangeAurado ExplT101820.420.230.39+0.18…
News
Ivanhoe drives Mongolian exploration
Vancouver — After a decade of false starts, mineral exploration is finally gaining some traction in Mongolia.A vast highland country, Mongolia is land-locked between Russia to the north and China to …
Commentary: Some new perspectives on Busang’s red flags
According to the critics of Bre-X’s gold project in Kalimantan, Indonesia, the warning signs, or “red flags,” were numerous and obvious and should have alerted those involved that the gold mineralizat…
Meridian eager to drill Machacala (May 27, 2002)
Meridian Gold (MNG-T) is gearing up for its first round of exploration drilling at the Machacala gold-silver property in Peru, held by Montreal-based junior Gold Hawk Resources (CGK-V).As operator, Me…
LME Warehouse Levels (May 27, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 21 (change from May 14 in brackets):MetalStock(tonnes)ChangeAluminium1145650(+140…
Spot Prices Wed. May 22, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$318.25+$10.75Silver$ 4.82+$0.22Platinum$541.00+…
Altius leads exploration play in central Newfoundland
The cry “There’s gold in them thar hills” may be a cliche, but it sums up the feeling in the Botwood Basin area of central Newfoundland, where a staking rush is under way. Most of it is gold-centred.T…
Silver plays ignite despite low prices
The excitement in the gold market appears to spilling over into silver plays, even though the silver price remains well below US$5 per oz.Several would-be silver producers have announced multi-million…
Placer, Kinross join forces in Timmins camp
One of Ontario’s oldest mining districts is getting ready for a facelift.Kinross Gold (K-T) and Placer Dome (PDG-T) have signed a letter of understanding to form a joint venture that would combine the…
Radius targets bonanza veins at Guatemalan prospect
Chiquimula, Guatemala — Zeroing in on a major regional crustal feature that offers a favourable setting for hosting large epithermal-type gold deposits, the geological team of Radius Explorations (RD…
Daily Metal Prices (May 27, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 21May 20May 17May 16May 15Aluminium1325/1346.50…
It’s the real thing, says Ing
The bear market of the past six years has been a lonely time for gold bugs, so it has to be gratifying for John Ing, one of gold’s steadfast defenders, to see signs that the market is turning.In a May…