Inmet drops Newfoundland projects
Inmet Mining (IMN-T) has dropped out of a joint venture exploring the Victoria Mine, Sutherlands Pond and Hungry Hi…
News
Crystallex picks up new shareholders
Vancouver — Two major investment companies have taken down a $7 million financing in Crystallex International (KRY…
Poplar confirms grades at Central zone (December 24, 2001)
Vancouver — Poplar Resources (PPX-V) has hit multiple intervals of low-grade copper-platinum-palladium-gold mineralization at the Bottenbacken project in central Sweden.Encouraged by 1980 drill resul…
Spot Prices Wed. December 19, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$278.90+$5.65Silver$ 4.49+$0.20Platinum$456.00-$…
Gold stocks buoyed by rising bullion price
U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…
Tax-loss selling hampers CDNX
Vancouver — Falling victim to tax-loss selling, Canada’s junior exchange lost ground on heavy volume. The S&P-CDNX composite index closed the week ended Dec. 18 down 21.8 points, or 2.2%, and closed …
Muskox to test new zones (December 24, 2001)
Muskox Minerals (MSK-V) has budgeted $6.5 million for a proposed exploration program for the Muskox platinum-palladium-copper-nickel project in Nunavut.The proposal recommends 8,500 metres of drilling…
LME Warehouse Levels (December 24, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 18/01 (change from Dec. 11 in brackets):MetalStock (tonnes)ChangeAluminium793075…
Gold Funds (December 24, 2001)
Gold Funds as of December 13, 2001Dundee Precious MetalsCentral FundNet Value$13.13$5.30Price$8.95$5.08…
Daily Metal Prices (December 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12Aluminium1339/13…
PEOPLE (December 24, 2001)
Alcan — Robert Ball appointed executive vp of value-added business and manufacturing systems; Cynthia Carroll appointed president, primary metal group; Michael Hanley appointed president, bauxite, al…
Mounting metals stocks cast pall over new year
Base metals continued to shed value during the report period Dec. 10-14 as the markets eased back following the technical rally of late November.Nickel was the big loser, shedding 8.1% of its average …