Metal Prices (January 08, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 2Jan. 1Dec. 29Dec. 28Dec. 27Aluminium1566.50/1…
News
More diamonds reported from Destiny
Surface sampling at the Destiny diamond showing, 25 km north of Wawa, Ont., has yielded additional diamonds from a lamproite dyke.The sampling, by Pele Mountain Resources (YPN-V), recovered 42 diamond…
Charges ruled out in Frailes spill
A Spanish judge has ruled that criminal charges should not be laid in connection with the April 1998 tailings spill at the Los Frailes base metal mine in southwestern Spain, owned by a subsidiary of B…
Group saves historic core samples from McIntyre
The mine buildings belonging to the now-defunct McIntyre gold mine, near Timmins, Ont., which produced 10.8 million oz. of gold over its 76-year life, will succumb to the wrecker’s ball over the next …
Producer and Dealer Prices (January 01, 2001)
Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-14.25/lb.Copper: Comex March US$0.8625/lb.Indium: …
National Gold deals for Salamandra gold project
Vancouver — Junior National Gold (NGT-V) has inked a $10.5-million deal with Placer Dome (PDG-T) and Kennecott Minerals to pick up the 3.4-million-oz. Mulatos deposit in Mexico’s Sonora state. Kennec…
TSE Short Positions (January 01, 2001)
Short positions outstanding at December 15, 2000Abitibi-Consolidated Inc. 230,159 up 149,243; Alcan Aluminium Ltd. 295,734 up 206,780; Ameridian Ventures Inc. 100,500 up 100,500; An…
Fire closes Cassiar mill
Cassiar Magnesium (CIR-T) has suspended production of chrysotile fibre products at its mill in Cassiar, B.C., because of fire damage.The full extent of the damage is not yet known and the company does…
Ontario gov’t to fly surveys near Dryden
Ontario’s Ministry of Northern Development and Mines will fly a series of geophysical surveys in the Kenora district in the new year. The surveys are part of Operation Treasure Hunt — a project, now …
Francisco to table El Sauzal feasibility study
Vancouver — Junior Francisco Gold (FGX-V) expects to table a bankable feasibility study for its El Sauzal project in Mexico late in 2001.Situated 13 km west of Batopilas in Chihuahua state, El Sauzal…
Labrador fund rejects Rio bid
The trustees of the Labrador Iron Ore Royalty Income Fund (LIF.N-T) have called Rio Tinto’s (RTP-N) $13.50-per-share offer for all the units of the fund “significantly below fair value.”The group says…
Holidays prove good for gold
Denver — The Dow Jones industrial average climbed 108.07 points, or 1%, to close at 10,692.44, during the holiday-shortened report period ended Dec. 26.Spot gold jumped to US$274.10 on the Comex divi…