Noranda to idle Gasp copper smelter
Doing its bit to shore up copper prices, Noranda (NRD-T) will suspend production at the Gasp smelter in Quebec for at least six months, starting in May.Since January, copper has lost about 16% of its…
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Alcoa proposes Labrador smelter
The Newfoundland government spent the Nov. 28-Dec. 4 report period assessing an Alcoa feasibility study into the possibility of reviving the stalled Lower Churchill hydroelectric project in Labrador. …
Tiberon tags new zone (December 10, 2001)
Vancouver — Drilling 1 km northeast of Tiberon Minerals’ (TBR-V) Nui Phao tungsten deposit in northern Vietnam has cut a new zone of mineralization.Highlights to date of the ongoing program are as fo…
Lending Rates (December 10, 2001)
% as of Dec. 3, 2001Bank of Canada2.50Canadian Prime4.00U.S. Discount1.50U.S. Prime5.00…
Analysts cautious on Pan American Silver
Vancouver-based Pan American Silver (PAA-T) is best known for being one of the purest exposures to silver for investors, and also for having Microsoft’s Bill Gates as a shareholder in the form of a 13…
Gold Funds (December 10, 2001)
Gold Funds as of November 29, 2001Dundee Precious MetalsCentral FundNet Value$12.77$5.29Price$9.10$5.24…
Gold Fields inks deal with Radius (December 10, 2001)
Vancouver — Already holding a 12% equity stake in Radius Explorations (RDU-V), South African-based Gold Fields (GOLD-Q) has inked a deal with the junior to earn up to a 70% stake in a portion of the …
New targets at El Morro
Remote-sensing, combined with magnetic and induced-polarization surveys, has identified several targets at the El Morro copper-gold prospect in northern Chile, where Noranda (NRD-T) is earning a 70% i…
MOST ACTIVE ISSUES, NOV. 28-DEC. 4
ExchgVol(000s)HighLowCloseChangeBolidenT277280.390.180.28-0.03…
Eldorado eyes Brumal property
Vancouver — Eldorado Gold (ELD-T) has inked a deal to acquire the Brumal property in the Brazil’s Minas Gerais state. The property is near the company’s Sao Bento operation, where infrastructure is a…
GREATEST VALUE TRADED, NOV. 28-DEC. 4
ExchgVal($000s)HighLowCloseChangeAlcoa*N47650138.8037.2538.10-0.18…
Taseko aims to finance Gibraltar
Vancouver — Anticipating a recovery in the price of copper, Taseko Mines (TKO-V) is seeking up to $5.5 million to determine the economic viability of technology aimed at reviving the dormant Gibralta…