De Beers expands Ontario search
De Beers Canada Exploration has signed an exploration agreement with Spider Resources (SPQ-V) and partner KWG Resources on a piece of ground covering 13,000 sq. km in the James Bay Lowlands of norther…
News
Exploration boosts resource at Rosia Montana
By mid-2001, Gabriel Resources (GBU-T) expects to have completed a feasibility study for its 80%-owned Rosia Montana gold project, in central Romania. The independent study will take into account resu…
Noranda and Mintek to study copper bioleaching
Noranda (NOR-T) has decided to research the bioleaching of copper ore, taking its cue from three large base metal producers: Chile’s Codelco, Britain’s Billiton and Mexico’s Industrias…
Goldcorp set to recover from loss
Heafty unusual costs pulled Goldcorp (G-T) deep into the red last year. The losses totalled $19.3 million (or 24 per share) on revenue of $61.3 million, compared with earnings of $10.6 million (14 p…
TSE Short Positions (March 12, 2001)
Short positions outstanding at February 28, 2001Larger individual positions include:Abitibi-Consolidated Inc. 505,369 down 1,588,485; Alcan Inc. 858,799 down 224,102; Anderson Exploration Ltd.
Spot Prices Wed. March 7, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$261.55-$3.45Silver$ 4.42-$0.01Platinum$586.00-$…
LME Warehouse Levels (March 12, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 6/01 (change from Feb. 28 in brackets):MetalStock(tonnes)ChangeAluminium475425(…
DRC tables positive study
Vancouver — An independent consultant estimates that DRC Resources’ (DRC-V) past-producing Afton copper-gold property still holds an indicated mineral resource of 25 million tons averaging 2% copper …
Placer Dome helps grubstake Ontario geoscientists
Placer Dome has donated $100,000 to the fund to support the new Association of Professional Geoscientists of Ontario (APGO).The APGO, established under the province’s Geoscientists Act in 2000, will b…
Metal Prices (March 12, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 6March 5March 2March 1Feb. 28Aluminium1581.50…
Exchange Rates (March 12, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 6March 5March 2March1Feb. 28US$ in C$1.53801.54731.54841.54…
Producer and Dealer Prices (March 12, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.21/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.25-14.55/lb.Copper: Comex March US$0.844/lb.Indium: I…