Exchange Rates (April 23, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 17April 16 April 13April 12April 11US$ in C$1.55791.5621Holiday…
News
Spending steadied in 2000
The steady decrease in domestic exploration spending that has plagued the industry since 1997 began to slow in 2000, according to a study compiled by the Department of Natural Resources.Exploration sp…
Sinking TVX awaits Greek court decision
Gold prices twisted and turned over the holiday-shortened April 10-17 report period, closing up $1.65 for a London morning fix of US$260.10 per oz. on April 18.The biggest mover among Canada’s gold ma…
Spring surge rallies CDNX
Vancouver — Led by a 6.7% gain in the oil-and-gas sector, all four indices on Canada’s junior exchange finished the week ended April 17 in positive territory. The Canadian Venture Exchange composite …
MOST ACTIVE ISSUES, APRIL 11-17
ExchgVol(000s)HighLowCloseChangeAlcoa*N16600 39.68 37.75 38.18- 1.07…
Metal Prices (April 23, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 17April 16April 13April 12April 11Aluminium14…
Canadian Stock Exchange Indices (April 23, 2001)
DateApril 17 April 16April 13April 12April 11HighLowTSE 30…
Queenston stakes gold prospect
Queenston Mining (QMI-T) has staked a 120-sq.-km claim block on the northwestern portion of Lake Abitibi in northeastern Ontario.The claims, situated in Steele, Purvis, Bowyer and Galna twps., cover a…
Ghana’s gold loses lustre as neighbours gain ground
Denver — Ghana’s status as a leading gold producer is being eclipsed by Tanzania, Guinea and Mali, according to a report in The Accra Mail, a private bi-weekly newspaper.Gold production in the West A…
Campbell writedowns dent bottom line
Continued low gold prices, suspension of mining operations at the Joe Mann underground gold mine in northern Quebec and writedowns totalling $45.7 million all resulted in a considerable loss for Campb…
Golden Temple encouraged at Yagul project in Mexico
Initial exploration by Golden Temple Mining (GTM-V) has confirmed the potential for stratiform copper and Mississippi Valley-type lead-zinc mineralization at the Yagul property, in the Monclava distri…
Anglo American sizes up Arex deposit in Brazil
Anglo American (AAUK-Q) has tabled an independent resource estimate for the Arex deposit in Brazil’s Mato Grosso del Norte state.Based on 74 drill holes, consultant ACA Howe International estimates th…