Aurizon buys out TVX royalty
Aurizon Mines (ARZ-T) has paid $5 million in cash for TVX Gold’s (TVX-T) residual interest in the Casa Berardi property in northwestern Quebec.The residual interest consisted of an outstanding $3.9-mi…
2002
Canadian heavyweights kicked off S&P 500
The July 3-9 report period ended with a surprise bang, when Standard & Poor’s announced that it was removing Alcan, Barrick Gold, Placer Dome and Inco from its S&P 500 index…
Alamo Dorado gets positive feasibility study (July 15, 2002)
Corner Bay Silver (BAY-T) has unveiled the results of a feasibility study on its Alamo Dorado project in Mexico’s Sonora state.The study, performed by AMEC E&C Services, tested the economics of an ope…
Rio Narcea trims debt (July 15, 2002)
Junior Rio Narcea Gold Mines (RNG-T) has taken a step towards financial freedom by repaying a multi-million-dollar credit facility with Deutsche Bank.The repayment, which comes three years earlier tha…
Mint unveils Stampede coin
The Royal Canadian Mint has released a 92.5%-silver coin commemorating the Calgary Stampede, the seventh in a set of 13 coins celebrating Canadian festivals.The Stampede was started in 1912 by Guy Wea…
Spot Prices Wed. July 10, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$313.80-$0.65Silver$ 5.04+$0.12Platinum$524.00-$…
Exchange Rates (July 15, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 9July 8July 5July 4July 3US$ in C$1.51441.52081.52391.5321…
LME Warehouse Levels (July 15, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 9 (change from July 2 in brackets):MetalStock (tonnes)ChangeAluminium1260000(+60…
Northern Miner Indices (July 15, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Ivanhoe confirms Kharmagtai’s potential
Preliminary drilling by Ivanhoe Mines (IVN-T) has confirmed the discovery of a copper-gold porphyry system in Mongolia’s South Gobi region.Known as Kharmagtai, the system was first outlined by Mongoli…
Junior Exchange bucks downtrend
Vancouver — Canada’s junior exchange managed to hold its ground while major bourses stumbled in the wake of numerous corporate fraud allegations. The S&P TSX Venture Exchange composite index closed t…
TSE Short Positions (July 15, 2002)
Short positions outstanding at June 30, 2002Larger individual positions includeAgnico-Eagle 5,315,262 up 250,485; Alcan 1,887,771 up 399,501; Aurado 360,000 up 99,686; Aurora Pla…