Millennium, PGM join forces at Lac des les
A merger between New Millennium Metals (PGM-V) and Platinum Group Metals (PTG-V) is designed to consolidate the juniors’ land positions in the Lac des les region of northwestern Ontario.The deal, whi…
News
Canadian Stock Exchange Indices (October 29, 2001)
DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17HighLowTSE 3006904.246905.216910.966899.966956.78…
METAL PRICES (October 29, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 23Oct. 22Oct. 19Oct. 18Oct. 17Aluminium…
Silver Standard boosts Bowdens resource (October 29, 2001)
Following a 2-year, 32-hole drill program at its Bowdens deposit in New South Wales, Silver Standard Resources (SSO-V) has increased measured and indicated resources by 25%.The measured and indicated …
Cameco, Pioneer beget uranium explorer
Cameco (CCO-T) and Pioneer Metals (PSM-T) plan to create a public company named UEX, which will explore for uranium in the Athabasca Basin of Saskatchewan.The proposed deal calls for Pioneer sharehold…
Producer and Dealer Prices (October 29, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.40-8.40/lb.Copper: Comex Dec. US$0.63/lb.Indium: Indiu…
Partners expand Legris Lake
A 1,000-metre drilling program by equal partners Avalon Ventures (AVL-V) and Starcore Resources (SOE-V) has extended the depth of platinum group element mineralization at the Legris Lake polymetallic …
INAC extends contract with diamond valuator
Indian and Northern Affairs Canada (INAC) has extended its diamond valuation contract with Diamonds International Canada (DICAN) for two more years. The original 3-year contract recently expired.DICAN…
MOST ACTIVE ISSUES, OCTOBER 17-23
ExchgVol(000s)HighLowCloseChangeAlcoa*N1443334.2331.3033.75+0.94…
Gold Fields, Repadre to acquire Ghanaian gold mine (October 29, 2001)
South African gold producer Gold Fields (GOLD-Q) and Toronto-based Repadre Capital (RPD-T) have reached a memorandum of understanding with Perth-based Ranger Minerals for the purchase of Ranger’s 90% …
Kennecott targets GQ stones (October 29, 2001)
An agreement with Band-Ore Resources (BAN-T) sets the stage for Kennecott Canada Exploration to earn a majority interest in the GQ diamond property, near Wawa, Ont.Kennecott, which is a unit of Rio Ti…
Writedowns take toll on Teck
Vancouver — The diversity in Teck Cominco’s (TEK-T) mining portfolio failed to offset the effect of plunging metal prices as the newly formed major posted a third-quarter loss of $105 million (or 62…