CDNX keeps the faith
Vancouver — Canada’s junior exchange fared better than the major bourses, closing the period Jan. 23-29 in the black. The Standard & Poor’s-CDNX composite index tacked on 17.41 points, or 1.5%, to fi…
News
MOST ACTIVE ISSUES, JANUARY 23-29
ExchgVol(000s)HighLowCloseChangeAlcoa*N1800236.4434.6034.76+0.81…
Pan American Silver boosts output
Vancouver — Pan American Silver (PAA-T) increased its production levels in 2001 as a result of opening two mines in Latin America.The company now has a total of three operations in Peru and Mexico, a…
Phelps Dodge bleeds red
The world’s second-biggest copper producer, U.S.-based Phelps Dodge, was the newsmaker of the week as it posted a US$275-million loss in 2001 on revenue of US$4 billion, compared with US$29 million ea…
GREATEST VALUE TRADED, JANUARY 23-29
ExchgVal($000s)HighLowCloseChangeAlcoa*N62575336.4434.6034.76+0.81…
Higher spending in Quebec
Total exploration and appraisal spending in Quebec in 2001 increased by 15% to reach $119 million in 2001 (this includes $73.7 million in off-minesite spending and $45.2 million in minesite spending),…
Meadowbank’s economics get rosier
With estimated resources up about 50% over those reported in an April 2000 prefeasibility study, Cumberland Resources (CBD-T) is understandably bullish about its Meadowbank gold project, 70 km north o…
Lihir Gold expands namesake mine
A review of the resource model by Australia’s Lihir Gold (LIHRY-Q) has upped reserves by 25% at the company’s namesake mine on Lihir Island, northeast of mainland Papua New Guinea.The island, a volcan…
Daily Metal Prices (February 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 23Aluminium1344/13…
Nevada Pacific explores South Carlin
Vancouver — Nevada Pacific Gold (NPG-V) and partner Placer Dome (PDG-T) have begun a first-phase, US$670,000 program aimed at exploring the South Carlin project in Nevada. The project is in the Carli…
Int’l Annax teams with Aussie miner Herald
Vancouver — International Annax Ventures (IAX-V) has inked a deal with its controlling shareholder, Australian-based Herald Resources, to become its wholly owned subsidiary.According to the deal, Her…
Mongolian copper-gold find returns hot intercept
The latest drill results from the Turquoise Ridge copper-gold porphyry discovery in southern Mongolia show that the Southwest Oyu zone has high grades and considerable size potential, prompting Ivanho…