Work under way at Assean
Vancouver — International Curator Resources (IC-T) has started its summer exploration program over the Assean Lake…
News
Trading Summary (July 09, 2001)
Starting the week on a high note, the Toronto Stock Exchange rose 46.56 points to 7,640.68. Nine of the broad marke…
Leach tests positive for Gammon Lake Resources
Preliminary metallurgical tests on mineralization from the Ocampo gold-silver properties of Gammon Lake Resources (GAM-T) has returned encouraging results.The tests examined composite samples of drill…
Barrick lets Diabillos expire
Vancouver — Still smarting from disappointing drill results at the Luicho gold property in Peru, Pacific Rim Mining (PFG-T) is about to lose its joint-venture partner on the Diabillos silver-gold pro…
Diavik team wins award
The federal team responsible for the overall review and water-licence process at the Diavik diamond mine, near Yellowkife, N.W.T., has been awarded for its efforts.The award, presented by the Treasury…
The Northern Miner — North American Mining Index (July 09, 2001)
68.39 (-2.38)(Sept. 30/98 = 100)…
Making money in commodities
We learn from the wire services that the Johns Manville Personal Injury Settlement Trust, a fund set up after the 1982 bankruptcy of that departed asbestos manufacturer, has abandoned a lawsuit agains…
Study shows gold’s importance
Gold production is giving a major boost to the economic development of several Latin American countries, according to a report published by the World Gold Council.Latin American nations produced about…
Exchange Rates (July 09, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 3July 2June 29June 28June 27US$ in C$1.5124Holiday1.51771.52…
America Mineral Fields improves terms
A company held equally by America Mineral Fields (AMZ-T) and Anglo American (AUK-Q) has renegotiated the terms of an agreement to develop and own 60% of the Kolwezi copper-cobalt tailings project in t…
Spot Prices Wed. July 4, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.60-$8.40Silver$ 4.27-$0.08Platinum$559.00-$…
CDNX enters summer doldrums
Canada’s junior exchange emerged from the Dominion Day weekend in a sour mood. The Canadian Venture Exchange composite index dropped 32.61 points, or 1%, to finish the week ended July 3 at 3,198.32. T…