Gold regains lost ground
Denver — The Dow Jones industrial average sunk 227.46 points, or 2%, to close at 10,948.38 for the report period ended June 12, while spot gold on the Comex division of the New York Mercantile Exchan…
News
First Quantum closes financing
Vancouver-based First Quantum Minerals (FM-T) has done what few seem able to do these days: raise millions of dollars on the market.The company issued 8.7 million shares at $4.05 apiece, for gross pro…
The Northern Miner — North American Mining Index (June 18, 2001)
76.62 (-2.24)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (June 18, 2001)
56.86 (-1.27)(Sept. 30/98 = 100)…
GOLD FUNDS (June 18, 2001)
Gold Funds as of June 7, 2001Dundee Precious MetalsCentral FundNet Value$13.55$5.14Price$9.65$5.00…
Freewest resumes work in NB
A second round of drilling is under way on the Clarence Stream gold property in southwestern New Brunswick.Freewest Resources Canada (FWR-M) ended a first pass of drilling in April after completing 3,…
Spot Prices Wed. June 13, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$271.80+$4.85Silver$ 4.39+$0.03Platinum$574.00-$…
Anglo finances project
A unit of Anglo American (AUUK-Q) has allocated $1.1 million for ongoing work at Karmin Exploration’s (YKA-V) Aripuana massive sulphide project in Brazil’s Mato Grosso state.Previous work focused on t…
Intrepid drills El Zapote
Denver — Flush with cash for the Aldea El Zapote silver project in El Salvador, Intrepid Minerals (IAU-V) is moving ahead with drilling.The Toronto-based company received $530,000 in funding from Ape…
Metal Prices (June 18, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 12June 11June 8June 7June 6Aluminium1467/1487…
Shore resumes work at Star
Junior Shore Gold (SGF-V) has resumed drilling on its wholly owned Star kimberlite property, 60 km east of Prince Albert, Sask.The 7-hole program is designed to increase the level of confidence in the…
Broad market takes it on the chin
Weighed down by a sagging industrial products sector, the Toronto Stock Exchange 300 index slipped 164.04 points over the June 6-12 report period. The broad market ended the week at 8,094.78.Gold gain…