Exchange Rates (July 02, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 26June 25June 22June 21June 20…
News
Rising stocks add to woes
Base metals continued their steep downtrend during the report period June 18-22. Prices have been falling steadily for four weeks now, and the major traded metals registered their fourth consecutive w…
Market waits for Fed cut
Denver — The prospect of an interest rate cut by the U.S. Federal Reserve held back the Dow Jones industrial average, which sank 124.19 points, or 1.2%, to 10,472.48 for the June 20-26 report period….
Metallica rated a speculative buy
The increase in the share price of Metallica Resources (MR-T) to a recent 52-week high of $1.30 (off a year-low of 18) coincides with the release of assay results from a second round of drilling by N…
Canuck companies show pluck in Indochina; Aurora
Vancouver — Olympus Pacific Minerals (OYM-V) and its joint-venture partners, Ivanhoe Mines (IVN-T) and New Zealand-based Zedex, are going for gold in Vietnam, while Falconbridge…
Wolfden acquires past producer (July 02, 2001)
Wolfden Resources (YWO-V) intends to buy the past-producing Argosy gold property in the revived Red Lake mining district of northwestern Ontario.To do so, Wolfden must spend $10,000 in cash and issue …
Producer and Dealer Prices (July 02, 2001)
Antimony: Mid-mkt US$1,115/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$10.15-12.00/lb.Copper: Comex July US$0.718/lb.Indium: In…
Canadian Stock Exchange Indices (July 02, 2001)
— 52-week –DateJune 26June 25June 22June 21June 20High…
Drilling expands Millennium
Denver — Glamis Gold (GLG-N) is half-way through an 80,000-ft. drilling program at the Millennium project in Nevada, where it expects to outline a new resource.Glamis owns a 66.7% interest in Marigol…
Golden Star, Barnex sign Prestea purchase deal
Denver — Golden Star Resources (GSC-T) has cleared another hurdle in the acquisition of the Prestea mine in southwestern Ghana.The Denver-based company agreed to acquire former operator Barnato Explo…
Majescor options Portage property to BHP
Encouraged by results from till sampling in the Otish Mountains area of central Quebec, BHP Diamonds has struck a deal with Majescor Resources (MAJ-V) to earn up to a 56% interest in the Portage prope…
Anglo steps up work at Aripuana
This year, Anglo American will spend at least $1.1 million exploring the Aripuana volcanogenic massive sulphide project in Brazil — a joint venture with Toronto-based Karmin Exploration.Ground geophy…