Nickel holds firm in soft markets
Base metals markets remained soft for the week ended Feb. 18. Aluminum, lead and tin continued to trend lower, while copper and zinc remained close to the bottom of their recent trading ranges. Nickel…
News
Anglo to carry Rubicon at Ontario project
I am writing in reference to your short article on the Rubicon-AngloGold letter-of-intent to form a joint venture to explore Rubicon’s Red Lake project in northwestern Ontario (T.N.M., Feb. 14-20/00)….
Stanfield responds to controversy
Your article, “Regulators probe Bull River” (T.N.M., Feb.7-13/00), requires the companies to respond. Government geologists, in their report, acknowledge the thousands of metres of drilling and underg…
MOST ACTIVE ISSUES, Feb. 16-22
ExchgVol(000s)HighLowCloseChangeVengoldT 109381 3.54 0.86 3.00 + 2.16…
Unsteady Dow buoys gold
Fear of further interest rate hikes pushed the Dow Jones industrial average down 413.25 points, or 3.9%, to 10,304.84 for the report period ended Feb. 22, while gold edged up to US$305.60 per oz. on t…
SPOT PRICES — Wed. February 23, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$305.25+$4.75Silver$ 5.26+$0.03…
Birim re-interprets Opon mineralization
Junior Birim Goldfields (BGI-T) has resumed drilling at its Dunkwa concession in the prolific Ashanti gold belt of Ghana.A minimum of 18 holes will be sunk at the Opon prospect to test for strike exte…
EXCHANGE RATES (February 28, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 22Feb. 21Feb. 18Feb. 17Feb. 16…
PRODUCER AND DEALER PRICES (February 28, 2000)
Antimony: Mid-mkt US$1,160/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$13.70-15.10/lb.Copper: Comex Mar. US$0.8275/lb.Indium: I…
TSE INDICES (February 28, 2000)
DateFeb. 22Feb. 21Feb. 18Feb. 17Feb. 16HighLowComposite “300”9194.869231.169295.5194…
Fairfield ships bullion from Siwash
Vancouver-based Fairfield Minerals (FFD-T) has shipped its remaining gold bullion to an Ontario refiner for upgrading to the North American standard of 9999 purity.The bullion produced gold credits of…
Glencore bankrolls Zambian copper deal
Swiss trader Glencore International and First Quantum Minerals (FM-V) have moved a step closer to completing a deal with the government of Zambia and Zambia Consolidated Copper Mines (ZCCM) to buy a 9…