Daily Metal Prices (May 20, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 14May 13May 10May 9May 8Aluminium…
2002
Huaron powers Pan Am
Newfound production at the Huaron mine in Peru and La Colorada mine in Mexico enabled Pan American Silver (PAA-T) to boost revenue to US$10.2 million in the recent first quarter, compared with US$4.5 …
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
Olympus Pacific encouraged at Khe Rin
Olympus Pacific Minerals (OYM-V) is bullish about partial assay results from an 18-hole, 2,100-metre drilling program on the Phuoc Son gold project in central Vietnam.The drilling was aimed at testing…
Junior golds add to recent gains
Vancouver — Canada’s junior exchange moved higher during the report period ended May 14, as investors continued to snap up shares in gold-related issues. The Standard & Poor’s-TSX Venture composite i…
MOST ACTIVE ISSUES, MAY 8-14
ExchgVol(000s)HighLowCloseChangeKinross GoldT243563.272.843.04-0.06…
Archon hits snags while drilling in Lac de Gras
Drilling by Archon Minerals (ACS-V) in the Lac de Gras area of the Northwest Territories has been halted following the testing of only one target.Archon had set about testing some 22 geophysical pipe-…
Nunavut’s potential
Nunavut is becoming known as an “under-explored” region with high mineral potential. The success of the Polaris and Nanisivik zinc mines and the reopening of the Lupin gold mine demonstrate the feasib…
Cumberland eyes Portage link (May 20, 2002)
Cumberland Resources (CBD-T) has intersected shallow, high-grade mineralization during a drill program aimed at connecting the Third Portage and North Portage deposits on the Meadowbank gold project i…
LME Warehouse Levels (May 20, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 14 (change from May 7 in brackets):MetalStock (tonnes)ChangeAluminium1131625(+149…
Profitable Eldorado advances Turkish, Brazilian assets
Vancouver — Having completed a $25-million equity placement and improved its balance sheet, Eldorado Gold (ELD-T) is looking to advance its projects in Turkey and Brazil.During the first quarter of 2…
Foxpoint fires up Macassa
Foxpoint Resources (FPR-V) has resumed gold production at the Macassa mill in Kirkland Lake, Ont.On a daily basis, the mill is running through 1,100 tons of tailings from the Lakeshore property. The t…