US data drag prices lower
Despite fresh production cuts in zinc and copper (in byproduct form), base metals prices continued to trend lower during the report period Oct. 29-Nov. 2, dominated by poor economic data out of the U….
News
Thistle eyes South African assets
Thistle Mining (THT-T) is buying five underground gold mines in the Free State of South Africa. Thistle will pay US$32 million in cash, plus a monthly royalty of US$8 per oz. gold for five years.Among…
Ivanhoe fires up Bakyrchik
After a 5-year hiatus, the Bakyrchik gold mine in northeastern Kazakstan is once again pouring gold.On a daily basis, Ivanhoe Mines (IVN-T) is tapping 500 tonnes of stockpiled material left over from …
Feds slash key rate to 2%
The biggest market-driver in the U.S. during the report period ended Nov. 6 was the Federal Reserve’s slashing of its overnight lending rate by 50 basis points to 2%, its lowest level in more than 40 …
Teck, union reach deal
Teck Cominco and the unions at the company’s Trail operations in southwestern British Columbia have ratified the terms a collective agreement.The contract runs through 2005 and is retroactive to June …
Coronation pipes return strong counts
A new kimberlite camp is emerging some 50-120 km south of Coronation Bay in the northern Slave Craton region of Nunavut. Discoveries by Ashton Mining of Canada (ACA-T) and Kennecott Canada Exploration…
Partners expand Agnew Lake property
Partners Pacific North West Capital (PFN-T) and New Millennium Metals (PGM-V) will acquire several more claims in the Agnew Lake intrusion, near Sudbury, Ont.In exchange for 6.5 sq. km, the pair must …
Wake-up call for investors in BC exploration
Vancouver — A couple of years ago, an eastern commentator said B.C. stands for “basket case” and that the province’s exploration industry is in a coma. But if any industry is likely to survive tough …
Weaker US dollar to benefit gold
Gold will remain a financial refuge in these uncertain times and the year-old bull run in gold equities has not yet reached its peak, according to an October 15th report by HSBC.The document, compiled…
TSE Short Positions (November 12, 2001)
Short positions outstanding at October 31, 2001Larger individual positions include:Agnico-Eagle 397,538 up 106,712; Alcan Inc. 1,060,550 down 83,684; Barrick Gold 10,769,044 down 550,619;…
Daily Metal Prices (November 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 6Nov. 5Nov. 2Nov. 1Oct. 31Aluminium1251.50/126…
For a national securities commission
Even as Europe watches to see whether Euronext, the Deutsche Borse, or the London Stock Exchange will emerge as the continent’s major capital market, and even as Nasdaq and the American Exchange combi…