Producer and Dealer Prices (June 10, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.00-8.65/lb.Copper: Comex July US$0.786/lb.Indium: Indi…
News
Summo advances restructuring
Denver-based junior Summo Minerals (SMA-T) has already made great strides in its restructuring plan, first announced in early April 2002.The company has converted its debt, totalling roughly C$19 mill…
Golden Arch options Arizona gold bet
Vancouver-based Golden Arch Resources (GAI-V) has inked a deal with an Arizona-based partnership to lease the Mildred Peak property in Pima Cty., Ariz.Altar Resources Partnership gets an immediate US$…
Cordilleran syndicate stakes more ground
A trio of companies, including Franc-Or Resources (FOR-T), is exploring for gold and silver mineralization in Humboldt Cty., north-central Nevada, where the projected extentions of the Battle Mountain…
Apollo Gold successfully pursues listing
In Greek legend, Bellerophon offended the gods by trying to ride the winged horse Pegasus to heaven. More recently, anyone who tried to ride Pegasus Gold to profit incurred the wrath of the market.It …
Gold price sparks renewed effort at Ivanhoe
Vancouver — The jump in the price of bullion has breathed new life into the Ivanhoe property in Nevada’s Carlin trend.Great Basin Gold (GBG-V) has been working the project since 1998, methodically ou…
Echo Bay posts quarterly profit
Vancouver — Edmonton, Alta.-based Echo Bay Mines (ECO-T) has posted a first-quarter profit and retired US$100 million of its debt in a shares-for-debt arrangement.The company tabled net earnings of U…
Royal Standard active on four fronts
With working capital boosted to US$1.5 million via a recent US$1-million private placement, Reno-based Royal Standard Minerals (RSM-V) is readying its drills for an initial 3-hole program on its Ruby …
Exchange Rates (June 10, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 4June 3May 31May 30May 29US$ in C$1.52791.52801.52751.5339…
PEOPLE (June 10, 2002)
AFCAN — David Netherway appointed president and CEO.Glencairn — Dunham Craig appointed president and COO.NovaGold — Walter Segsworth appointed director; Alex Morrison appointed preside…
Holmer revs up drills in Timmins
Spurred on by rallying gold prices, Holmer Gold Mines (HGM-V) has renewed drilling at its high-grade Timmins property in northern Ontario.Between 1996 and 1998, Holmer outlined five near-surface paral…
Sustainable development, Part 2
Corporate actions in support of sustainable development are often muted. In part, this reflects a perception that engaging with the community is an expensive proposition and, moreover, fundamentally t…