Fight for Valerie Gold starts to heat up
Vancouver — The battle for control of Valerie Gold Resources (VLG-V) has entered the final round with both the current management and a rival group backed by Atna Resources (ATN-T) landing serious bo…
News
Tobin’s legacy
Ostensibly weary of politics after 24 years, Industry Minister and former Newfoundland premier Brian Tobin has announced he will leave public life to spend more time with his family.Whenever a politic…
Spot Prices Wed. January 16, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$287.95+$8.60Silver$ 4.67-$0.08Platinum$476.00+$…
Wayside arranges payment for Wells area claims
Vancouver — International Wayside Gold Mines (IWA-V) missed an option payment to Mosquito Consolidated Gold Mines (MSQ-V) in December 2001, owing to a lien filed by the British Columbia Ministry of R…
Ford takes writedown on PGM stockpile
Ford, the world’s second-largest automaker, has taken a US$1-billion writedown on its inventory of platinum group metals used in catalytic converters. The measure is part of an overall US$5.7-billion …
AngloGold extends bid to sway more shareholders
Unwilling to concede defeat, AngloGold (AU-N) is extending the expiry date of its takeover offer for Normandy Mining (NDY-T) as U.S. and Australian regulators give the go-ahead to rival suitor Newmont…
KEGS hosts short course
The Canadian Exploration Geophysical Society (KEGS) will host a short course during the week of the annual convention of the Prospectors & Developers Association of Canada.The course, titled “Hardrock…
Partners trench East Bull Lake (January 21, 2002)
Trenching at the East Bull Lake gabbro-anorthosite intrusion near Sudbury, Ont., has turned up more platinum group metals for partners Mustang Minerals (YMU-V) and Falconbridge (FL-T).Falconbridge is …
Amplats sets River Valley budget
Satisfied with its partner’s progress, Anglo American Platinum of South Africa has provided Pacific North West Capital (PFN-T) with another $2.3 million to advance the River Valley platinum-palladium …
GREATEST VALUE TRADED, JANUARY 9-15
ExchgVal($000s)HighLowCloseChangeFranco-NevT71404125.9522.8125.85+2.95…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …
Daily Metal Prices (January 21, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9Aluminium1379/139…