Spot Prices Wed. November 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$280.50-$0.45Silver$ 4.15-$0.13Platinum$418.00-$…
News
Exchange Rates (November 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 6Nov. 5Nov. 2Nov. 1Oct. 31US$ in C$1.59361.59561.5922…
Canadian Stock Exchange Indices (November 12, 2001)
DateNov. 6Nov. 5Nov. 2Nov. 1Oct. 31HighLowTSE 3007145.467079.337023.976984.616885.709…
Noranda marks $16 million to ‘green’ Horne
Noranda says it plans to invest more than $16 million to reduce sulphur dioxide (SO2) and particulate emissions from its Horne copper smelter in Rouyn-Noranda, Que.The company wants to reduce SO2 emis…
Western Areas keeps stake in South Deeps
After months of wrangling, South Africa’s Western Areas has decided not to sell its 50% stake in the South Deeps gold mine, near Johannesburg.Chief Executive Officer Brett Kebble says the company cons…
Afri-Can samples alluvials
Junior Afri-Can Marine Minerals (AFA-V) has hired the marine unit of De Beers Consolidated Mines to test several possibly diamond-bearing features off the coast of Namibia.Seventeen features outlined …
Gold found at World Trade Center
Workers at Ground Zero have unearthed hundreds of millions of dollars in lost gold amid the ruins of the World Trade Center in New York, N.Y., the New York Daily News reports.The gold was found in a d…
Cdn Zinc finds more veins at Prairie Creek
Vancouver — Canadian Zinc (CZN-T) is encouraged by results from a just-wrapped diamond drill program at the Prairie Creek zinc-lead-silver property in the Northwest Territories.The junior is incorpor…
Banks commit US$230m to Aber
A banking group will provide a US$230-million debt facility to Aber Diamond (ABZ-T) so that the Toronto-based company can fund its share of the remaining capital costs at the Diavik project in the Nor…
Falco fined for safety violation
Falconbridge has been fined $75,000 for violating the Ontario Occupational Health and Safety Act at its Lockerby nickel-copper mine in Walden, Ont.The incident occurred in September 1999, when a miner…
Gitennes dumps Virgen
Junior Gitennes Exploration (GIT-T) has sold its share in the Virgen gold property in Peru. A private Peruvian company paid US$1 million and must pay another US$500,000 in the coming weeks for the pro…
Desperate Breakwater pulls plug on Nanisivik
Teetering on the brink of oblivion, Breakwater Resources (BWR-T) has decided to shut down its Nanisivik zine mine in Nunavut. The closure is scheduled for September 2002.Low zinc prices, combined with…