Spot Prices Wed. February 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.45+$16.50Silver$ 4.48+$0.18Platinum$464.00+…
News
Bigger reserves at Niobec
Cambior (CBJ-T) and Mazarin (MAZ-T) have upgraded resources into reserves at their equally owned Niobec niobium mine in Quebec.Proven and probable reserves now total 18.2 million tonnes grading 0.68% …
Gold Funds (February 11, 2002)
Dundee Precious MetalsCentral FundJan. 24/02Jan. 31/02Net Value$15.69$5.46Price$10.3…
Alamos takes a stand in Mexico
Vancouver — The low price of gold has prompted many major producers to shed sub-economic assets, and partners Alamos Minerals (AAS-V) and National Gold (NGT-V) are hoping to capitalize on the trend b…
Gammon looks to Bolnisi at Ocampo
Gammon Lake Resources (GAM-T) has found an operator for its proposed Ocampo gold-silver mine in Mexico’s Chihuahua State.In a preliminary deal, Australian-listed junior producer Bolnisi Gold will earn…
FPO Amarc sizes up Inde property in Mexico’s Durango state
Vancouver — The consolidation of a key property package has paved the way for Hunter-Dickinson-led Amarc Resources (AHR-V) to test for gold-bearing sulphides below the historical oxide workings at th…
Barrick’s 2001 post-merger output on target
Barrick Gold (ABX-T) met its 2001 production target with output of 6.1 million oz. gold at US$162 per oz.The world’s biggest gold miner in terms of market capitalization, which recently merged with Ho…
Partners renew Sapawe drilling (February 11, 2002)
Partners Wolfden Resources (YWO-V) and Jonpol Explorations (JON-T) have kick-started a winter exploration program at their Sapawe polymetallic project in northwestern Ontario.The program, which includ…
Poste Lemoyne bears gold (February 11, 2002)
Preliminary drilling by partners Virgina Gold Mines (VIA-T) and privately owned TGW has deepened a surface showing at the Poste Lemoyne property in the James Bay area of Quebec.The Orfee zone has been…
Major General plans diamond spinoff
With 42.1 million shares currently issued, Major General Resources (MGJ-V) intends to spin off its diamond properties into a new company and undergo a 3-for-1 stock rollback.Shareholders of Major Gene…
Orvana resumes Don Mario development
Two years after being forced to shelve it, Orvana Minerals (ORV-T) has raised enough funds to advance its small but high-grade Don Mario gold-silver deposit.In the heyday of 1996, Orvana added the Bol…
FPO Francisco advances El Sauzal deposit
Benefitting from a $32-million treasury, Francisco Gold (FGX-V) is completing a final feasibility study on its 3 million-oz. El Sauzal gold deposit in Mexico, while, in Guatemala, it continues to expl…