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…
News
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…
IMA gains ground in Patagonia
Vancouver — IMA Explorations (IMR-V) has acquired the first two of several gold-silver properties in Chubut province, south-central Argentina.Dubbed Las Bayas and Laguna de Los Toros, the properties …
Canadian Stock Exchange Indices (December 24, 2001)
DateDec. 18Dec. 17Dec. 14Dec. 13Dec. 12TSE 3007586.477515.417425.687451.217577.669425…
NAME CHANGES (December 24, 2001)
Century Gold (CNT-V) has changed its name to Novra Technologies (NVI-V) on a 1-new-for-1-old-share basis.Visionary Mining (VIN-V) has changed its name to Nu-Vision Resource…
Ivanhoe sparks excitement with Mongolian copper-gold find
Oyu Tolgoi, Mongolia — Convinced that its Turquoise Hill copper-gold porphyry discovery in southern Mongolia has the tonnage potential to rival that of the huge Grasberg deposit in Indonesia, Robert …
Homestake shareholders OK Barrick merger
In mid-December, shareholders of Homestake Mining (HM-N) gathered in Walnut Creek, Calif., for the final meeting in the company’s 124-year history and overwhelmingly approved merging with Barrick Gold…