Aripuana stepout confirms sulphides
Drilling by Anglo American (AAUK-Q) on an electromagnetic (EM) anomaly at the Aripuana property in Brazil’s Mato Grosso state has confirmed massive sulphides 500 metres along strike from the previous …
News
First Quantum cuts copper grades at Nkana
Infill drilling by partners First Quantum Minerals (FM-T) and Swiss-based Glencore International is attempting to replenish reserves at the Nkana copper-cobalt operation in Zambia’s copper belt.Nkana …
PNWC buoyed by resource estimate at River Valley
Vancouver — Pacific North West Capital (PFN-T) is encouraged by an independent resource estimate for its River Valley platinum group metal property, near Sudbury, Ont.The combined in situ resource of…
Metal Prices (October 22, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10Aluminium1282/13…
Spot Prices Wed. October 17, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$281.65-$4.85Silver$ 4.38-$0.11Platinum$442.00+$…
Gold Funds (October 22, 2001)
Gold Funds as of October 1, 2001Dundee Precious MetalsCentral FundNet Value$13.16$5.49Price$9.20$5.28…
Northern Miner Indices (October 22, 2001)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T18.7FalconbridgeFL-T5.9Franco-Nevada MiningFN-T6.5Freeport McMoRan Cop’r BFCX-N5.3Homestake MiningHM-N6.4IncoN-T9.4Newm…
Sultan tables bonanza gold grades
Vancouver — The eighth hole drilled by Sultan Minerals (SUL-V) at the Gold Mountain porphyry zone, part of the Kena property, near Nelson, B.C., has returned a 2-metre section running an impressive 1…
Producer and Dealer Prices (October 22, 2001)
Antimony: Mid-mkt US$1,400/t.Bismuth: Mid-mkt US$3.60/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.75-9.00/lb.Copper: Comex Dec. US$0.644/lb.
Exchange Rates (October 22, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 16Oct. 15Oct. 12Oct. 11Oct. 10US$ in C$1.56191.55791.56…
Antamina producing ahead of schedule
With base metal prices at multi-year lows, this is not a good time to be coming to market with new production. Nonetheless, the huge Antamina copper-zinc project in Peru achieved commercial production…
Gold industry needs to develop markets
For four weeks now, we have been seeing the Friday Effect: the gold price goes up in anticipation of military action on the weekend, and gold shares rise along with it. The old “safe haven” theory app…