Lead prices buck downward trend
Lead was the only base metal on the London Metal Exchange (LME) to register an improvement in prices during the report period July 9-13. The average cash price moved up 3.3%, while the rest of the bas…
News
Wolfden drills High Lake
Infill drilling by Wolfden Resources (YWO-V) at the High Lake copper-zinc deposit in Nunavut has returned high copper grades.Four holes were recently completed on the deposit, about 500 km northeast o…
Chinese antimony exports down: report
A new report says official Chinese exports of antimony fell by 67% year-on-year in the first four months of 2001.The Economics of Antimony 2001 (9th edition), compiled by London-based Roskill Informat…
Canadian Stock Exchange Indices (July 23, 2001)
DateJuly 17July 16July 13July 12July 11HighLowTSE 3007694.137643.687765.637670.827570.7…
Cancor picks up Joutel
Montreal-based Cancor Mines (KCR-M) has taken up an option from Quebec Crown corporation Soquem, allowing it to earn a half-interest in the Kistabiche base metal property near Joutel, Que.The 17-sq.-k…
Philex results fail to impress
Vancouver — Despite having all the earmarks of a significant find at its Boyongan copper-gold prospect on the island of Mindanao in the Philippines, shares of Philex Gold (PGI-V) headed lower followi…
Semafo reduces resource
A re-evaluation of the resource at the Segala gold deposit in western Mali, by owner Semafo (SMF-T), has produced an estimate that is smaller but higher-grade than previous figures.The new estimate sh…
Alcoa earnings soar
Denver — Despite lower prices for alumina and aluminum ingots, a weak automotive sector and production cuts, Alcoa (AA-N) posted a record US$429 million (49 per share) in second-quarter profits, bef…
Cameco closes debentures sale (July 23, 2001)
Cameco (CCO-T), the world’s largest uranium supplier, has completed the sale of $50 million worth of Series B 7% debentures, which are due July 6, 2006.The debentures have received a rating of A (low)…
Golden Star granted licence
Denver — Ghana’s Ministry of Lands, Forests and Mines has granted a mining lease to Golden Star Resources (GSC-T) for the Prestea property.The Denver-based junior has the right to mine surface minera…
MOST ACTIVE ISSUES, JULY 11-17
ExchgVol(000s)HighLowCloseChangeAlcoa*N1760841.8538.4639.39-0.11…
Placer reels in Pueblo Viejo, reels out Las Cristinas
The government of the Dominican Republic has awarded Placer Dome (PDG-T) the right to negotiate an agreement to develop the Pueblo Viejo gold-silver project into a modern, large-scale mine.Despite exp…