CDNX continues bull run (January 29, 2001)
Canada’s junior exchange ended the Jan. 17-23 period on an up-note, with all indices posting gains. The Canadian Venture Exchange composite index tacked on 78.1 points, or 2.5%, and closed the period …
News
Low prices hit Placer Dome
The harsh realities of operating gold mines in a stagnant low-price environment have forced Placer Dome (PDG-T) to write down the value of certain assets and reduce reserves and resources at various e…
Torngat yields larger gems
The AD2 site at Twin Mining’s (TWG-T) Torngat diamond property, on the Ungava Peninsula of northern Quebec, has yielded its largest diamond yet.AD2 is one of two sites from which 8-tonne samples of th…
Kennecott, Montello eye targets in Manitoba
Based on results from regional till sampling and follow-up airborne magnetic geophysics on the Poplar diamond project in Manitoba, Kennecott Canada Exploration and its partner, Montello Resources (MEO…
Producer and Dealer Prices (January 29, 2001)
Antimony: Mid-mkt US$1,300/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$11.45-13.75/lb.Copper: Comex March US$0.8485/lb.
Metal Prices (January 29, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 23Jan. 22Jan. 19Jan. 18Jan. 17Aluminium1646/15…
Exchange Rates (January 29, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 23Jan. 22Jan. 19Jan. 18Jan. 17US$ in C$1.50661.50661.51441.5…
Northern Miner Indices (January 29, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T20.7ComincoCLT-T4.5FalconbridgeFL-T6.3Franco-Nevada MiningFN-T5.8Freeport McMoRan Cop’r BFCX-N4.0Homestake MiningHM-N3….
Spot Prices Wed. January 24, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$265.70+$2.60Silver$ 4.77+$0.10Platinum$612.00-$16.00…
Placer sinks as gold sags
Gold saw a little price action during the Jan. 17-23 report period as the Bank of England completed another gold auction, selling 803,600 oz. at US$268 per oz., with an over-allotment of 4.8 times.Ove…
Trail reduces zinc output
The Waneta Dam, on the Pend Oreille River, near Trail, B.C., is becoming a cash cow for Cominco (CLT-T). The zinc producer has been selling excess power to utilities and other customers in the wake of…
And the winner is . . .
Among the more popular awards programs is the “Grammys,” presented annually by the U.S.-based National Academy of Recording Arts and Sciences for outstanding achievement in various categories in the r…