Gold stocks buoyed by rising bullion price
U.S. markets were little-changed over the report period Dec. 11-18, with the Dow Jones Industrial Average up 110.02 points (just over 1% of value) to a close of 9,998.39 on Dec. 18. The Standard & Poo…
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Tax-loss selling hampers CDNX
Vancouver — Falling victim to tax-loss selling, Canada’s junior exchange lost ground on heavy volume. The S&P-CDNX composite index closed the week ended Dec. 18 down 21.8 points, or 2.2%, and closed …
Muskox to test new zones (December 24, 2001)
Muskox Minerals (MSK-V) has budgeted $6.5 million for a proposed exploration program for the Muskox platinum-palladium-copper-nickel project in Nunavut.The proposal recommends 8,500 metres of drilling…
LME Warehouse Levels (December 24, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 18/01 (change from Dec. 11 in brackets):MetalStock (tonnes)ChangeAluminium793075…
Gold Funds (December 24, 2001)
Gold Funds as of December 13, 2001Dundee Precious MetalsCentral FundNet Value$13.13$5.30Price$8.95$5.08…
Daily Metal Prices (December 24, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12Aluminium1339/13…
PEOPLE (December 24, 2001)
Alcan — Robert Ball appointed executive vp of value-added business and manufacturing systems; Cynthia Carroll appointed president, primary metal group; Michael Hanley appointed president, bauxite, al…
Mounting metals stocks cast pall over new year
Base metals continued to shed value during the report period Dec. 10-14 as the markets eased back following the technical rally of late November.Nickel was the big loser, shedding 8.1% of its average …
Otish rocks diamondiferous (December 24, 2001)
Vancouver — Diamond counts have determined the favourable nature of two kimberlitic bodies in Quebec’s Otish Mountains.Ashton Mining of Canada (ACA-T) discovered the bodies while drill-testing four g…
Wayside hits gold in BC Vein
Vancouver — International Wayside Gold Mines (IWA-V) has intersected a high-grade gold interval in the hangingwall of the BC Vein on its Cariboo property, near Wells, B.C.Hole 20 was drilled at the n…
Northern Miner Indices (December 24, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T21.0CamecoCO-T3.9FalconbridgeFL-T5.1Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N4.8Homestake MiningHM-N7.4I…
Lending Rates (December 24, 2001)
as of Dec. 18, 2001(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime…