Porcupine Reef posts banner year
For Porcupine Reef Gold Mines, 1950 was not just a good year; it was its best year ever.The mine owes much of its success to the recovery of higher-grade ore during the past 12 months. Porcupine avera…
News
Mergers dominate lacklustre year in US mining
Denver — The year 2000 began on a note of optimism for mining in the U.S. The Washington Agreement, an accord of Europe’s top bullion-holders that aims to regulate and limit sales, promised to revive…
Ranger ups stake in General
Denver — Australia’s Ranger Minerals has agreed to a second private placement in General Minerals (gnm-t), giving it a controlling stake in the Denver-based junior.Ranger will buy an additional 15 mi…
Int’l Annax cuts massive sulphides at Dairi
Vancouver — Drilling at the Dairi massive sulphide project in Indonesia has yielded more encouraging grades for International Annax Ventures (iax-v).Hole 44D, collared 3 km northwest of the Anjing Hi…
Deregulation would boost Chinese gold consumption
Gold consumption in China could triple if deregulation is approved, according to a research report commissioned by the London-based World Gold Council (WGC).The report, titled China’s Gold Market Refo…
Correction (January 01, 2001)
In our Investment Commentary (T.N.M., Dec. 18/00), Glenn Brown of Haywood Securities was incorrectly identified as the author of an analyst’s report on Mansfield Minerals (MDR-V).The report was writte…
Gold stages comeback, palladium touches new high
In another strong display of staying power, gold jumped US$4.50 over the holiday-shortened Dec. 20-26 report period, adding to a 25 gain in the previous week. The yellow metal, which was fixed at US$…
Year of the Survivor for mining industry
Age and guile beat youth and energy in 2000, as companies fought for survival.Survival of the fittest was the overarching theme of the year as exploration and mining companies competed for life-sustai…
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
Surviving 2000
Like castaways stranded on a desert island, exploration and mining companies began the year 2000 struggling for survival and longing for a return to the days of gold and glory. As they pondered the fi…
News – 01-JAN-01 (January 01, 2001)
Spot Prices Wed. December 27, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$274.70+$4.50Silver$ 4.63+$0.02Platinum$610.00+$7.00Palladium$972.00+$39.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.23 $0.00Lead$ 0.22+0…