SW Res. sells Poracota
Southwestern Resources (SWG-T) has inked a deal to sell its half-stake in the Poracota gold property in Peru to Compania de Minas Buenaventura for $7.1 million over three years.Teck Cominco (TEK-T) ow…
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Wolfden drills High Lake property
Wolfden Resources (YWO-V) will launch a $2-million program of diamond drilling and airborne geophysics at its High Lake volcanogenic massive sulphide property in Nunavut’s Bathurst Inlet.The first of …
Spot Prices Wed. April 24, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$304.50+$4.35Silver$ 4.48+$0.13Platinum$553.00+$…
LME Warehouse Levels (April 29, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 23 (change from April 16 in brackets):MetalStock (tonnes)ChangeAluminium1076725…
Daily Metal Prices (April 29, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 23April 22April 19April 18April 17Aluminium13…
Syncrude pumps up oil sands production
The Athabasca oil sands deposit in northeastern Alberta hosts the single largest source of petroleum on earth, so it comes as no surprise that the region’s largest producer, Syncrude Canada, is spendi…
Golds up in U.S.
With gold trading once again above US$300 per oz., the U.S.-listed majors turned in a strong performance over the report period ended April 23.Newmont Mining advanced 99 to US$29.24; AngloGold rose $…
MOST ACTIVE ISSUES, APRIL 17-23
ExchgVol(000s)HighLowCloseChangeKinross GoldT158662.472.112.40+0.21…
GREATEST VALUE TRADED, APRIL 17-23
ExchgVal($000s)HighLowCloseChangeBarrick GoldT45957730.2228.0230.04+1.98…
Steam-assisted gravity drainage makes debut
The use of steam and gravity to dislodge oil from the tar sands underlying Alberta and Saskatchewan is gradually becoming an accepted recovery technique as pilot projects mature into commercial operat…
Canadian Oil Sands earnings hit by lower oil price
The Syncrude project’s second-largest shareholder is not an oil company at all. But year-end found the Canadian Oil Sands Trust (COS.UN-T) taking an earnings hit similar to that suffered by the large …
Atacama speeds up expansion
Vancouver — With its Aguas Blancas iodine mine in Chile running smoothly, Atacama Minerals (AAM-V) is arranging a US$3.5-million revolving credit facility to boost production.The credit facility will…