All eyes on nickel
Broadly speaking, metals markets slipped during the Feb. 19-23 report period as market-watchers saw an end to the quiet, range-bound trading that prevailed during the previous two weeks.The cause of t…
News
Canadian Stock Exchange Indices (March 05, 2001)
Date Feb. 27 Feb. 26 Feb. 23 Feb. 22 Feb. 21HighLowTSE 300…
Producer and Dealer Prices (March 05, 2001)
Antimony: Mid-mkt US$1,310/t.Bismuth: Mid-mkt US$3.95/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.25-14.50/lb.Copper: Comex March US$0.801/lb.Indium: I…
Gold Funds (March 05, 2001)
Gold Funds as of February 22, 2001Dundee Precious MetalsCentral FundNet Value$12.13$5.18Price$6.53$4.610…
Exchange Rates (March 05, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 27 Feb. 26 Feb. 23 Feb. 22Feb. 21US$ in C$1.52591.53131.5374…
WGC upgrades marketing budget
The World Gold Council (WGC) has raised its promotional budget to more than US$50 million and appointed London-based Bartle Bogle Hegarty (BBH) to handle advertising and marketing.”We are confident th…
Gold still a storehouse of value
That was a great editorial about gold (T.N.M., Feb.19-25/01). Not quite enough about its potential as a store of value, however — a role gold has filled for hundreds of centuries.The other day when t…
Aur digests QB purchase
As the dust settles following last fall’s purchase of the large Quebrada Blanca mine in Chile, junior copper producer Aur Resources (AUR-T) is reporting a loss for 2000.Aur posted a net loss of US$15 …
Slumping mining index burdens CDNX
Vancouver — Canada’s junior exchange continued to drift lower as all indices except oil-and-gas ended the Feb. 14-20 report period in the red. The Canadian Venture Exchange slumped 94.78 points, or 2…
Ivanhoe strikes South Korean gold
Four years of grassroots exploration in South Korea is paying off for Robert Friedland’s Ivanhoe Mines (IVN-T).Near Haenam Twp., in the province of Cholla, drilling outlined an epithermal vein system …
Altius nabs more ground
Junior Altius Minerals (ALS-V) has added two properties to its promising exploration portfolio in Newfoundland.The Fortune Bay property covers 62 claims on the eastern side of the island. Localized sh…
Writedown sinks Glamis Gold in quarter
Denver — Despite producing a record amount of the yellow metal, Glamis Gold (GLG-N) reported a fourth-quarter loss of US$37.5 million (or 54 per share) after posting a US$37.5-million writedown.For …