Central bank sales depress gold yet again
Central bank selling has once again rocked gold markets, causing the yellow metal to slip $8.10 during the Dec. 1-7 report period and land at US$283.30 per oz. on the London morning fix of Dec. 8.On D…
News
NAP slips deeper in the red
Low palladium grades at the Lac des les mine in Ontario contributed to a third-quarter loss for North American Palladium (PDL-T).The company reported a loss of $3.2 million (or 36 per share) on reve…
Altoro drills in northeastern Brazil
Altoro Gold (ATG-V) has started a 1,200-metre drill program at its Pedra Branca platinum-palladium project, near Fortaleza in northeastern Brazil.The shallow, 15-hole program will target the Esbarro a…
Dianor grabs gold, copper near James Bay
Prospecting by Dianor Resources (DOR-M) has turned up three new showings at its MEP 1404, Yasinski and Yasinski North properties, about 45 km southeast of the town of Radisson near James Bay, Que.Grab…
MEETINGS (December 06, 1999)
Dec 7 Tellis Gold — annual, generalDec 9 Arizuma Silver — specialDec 9 Anglo Minerals — annual, specialDec 13 Itec Mineral — generalDec 14 Maracote I…
Cambiex helps fund acquisition
Cambiex Exploration (CBX-T) has signed a letter-of-intent with Dynamic QSSP Fund for a private placement worth at least $2.5 million.The company, an affiliate of Cambior (CBJ-T), will apply the procee…
Exchange Rates (December 06, 1999)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 30Nov. 29Nov. 26Nov. 25Nov. 24…
No Headline (December 06, 1999)
Canadian Venture Exchange loses ground in first days
The new Canadian Venture Exchange, formed by the merger of the Vancouver and Alberta exchanges, came to life on Nov. 29. The exchange, dubbed CDNX, was launched with just under 2,500 stock listings an…
EuroZinc wraps up drilling
With results in hand from the final six holes of the 1999 drilling program, EuroZinc Mining (EZM-t) has moved another step closer to completing the final feasibility study for the Aljustrel zinc proje…
Gammon plans open pit
A second phase of drilling at the Ocampo gold-silver property in Chihuahua state, Mexico, has intersected more near-surface mineralization for Gammon Lake Resources (GAML-C).Six core holes returned be…
Producer and Dealer Prices (December 06, 1999)
Antimony: Mid-mkt US$1,105/t.Bismuth: Mid-mkt US$4.55/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$62.50/t.Cobalt: Recent trades US$13.50-15.50/lb.Copper: Comex Mar. US$0.818/lb.Indium: In…