Spot Prices Wed. October 16, 2002 (October 21, 2002)
Precious MetalsPrice (US$/oz.)ChangeGold$314.00-$4.80Silver$ 4.32-$0.04Platinum$589.00+$…
News
BHP Billiton bearish at Escondida as copper demand stays weak
Vancouver — Despite evidence of a weakening global economy dragging down demand for copper, diversified miner BHP Billiton (BHP-N) does not envisage further production cuts beyond 2002.”Today, we thi…
Nevada pins hopes on higher gold price
For the first time in several years, there’s some cautious optimism in Nevada’s precious metals industry.Even though gold prices averaged US$271 per oz. in 2001, versus US$279 in the two previous year…
Trading Summary (October 18, 2002)
The Toronto Stock Exchange ended the holiday-shortened week with a 51.82-point gain to 6,326.61 points on Friday, w…
PFN ups River Valley resource
Partners Pacific North West Capital (PFN-T) and Anglo American Platinum of South Africa have nearly doubled resourc…
Shutdowns cost Falconbridge (October 18, 2002)
Lower nickel sales and precious metals revenues pushed Falconbridge (FL-T) to a third quarter loss of $21.3 million…
Ursa confirms new Shakespeare zone
A recently completed 5-hole drilling program by Ursa Major Minerals (YMJ.V) has returned more encouraging nickel-co…
Trading Summary (October 17, 2002)
The Toronto Stock Exchange rebounded to the tune of 117.13 points on Friday as the gold stocks were left behind. Th…
Canico confirms promise of Puma
Vancouver — The initial results from an on going 11,000 metre drill program has enhanced the economic potential of…
Afcan eyes Chinese gold (October 17, 2002)
Afcan Mining (AFK-V) has signed a letter of intent to acquire an 85% stake in the Tanjianshan gold project in north…
Partners pour Magistral gold
Equal partners Queenstake Resources (QRL-T) and privately held Midwest Mining have shipped their first gold bar fro…
Trading Summary (October 16, 2002)
The Toronto golds were one of just three subindices in the black on Wednesday, regaining 2.34 points or 1.4% to 166…