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…
News
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 $1.1 million exploring the Aripuana volcanogenic massive sulphide project in Brazil — a joint venture with Toronto-based Karmin Exploration.Ground geophy…
Corriente tables new resources (July 02, 2001)
Vancouver — The Panantza and San Carlos copper projects in Ecuador could potentially produce a combined 50,000 tonnes per day and generate a 6.7% internal rate of return, according to a preliminary s…
Quake disrupts copper mine in Peru
Denver — Southern Peru Copper (PCU-N) has shut down operations at the Toquepala copper mine after an 8.1-magnitude earthquake shook the country in late June.Operations resumed days later, with no inj…
Metal Prices (July 02, 2001)
DateJune 26June 25June 22June 21June 20BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
BHP acquires Dia Met, boosts stake in Ekati
Having acquired 98.2% of Dia Met Minerals’ (DMM-T) Class A subordinate voting shares and 84.9% of its Class B multiple voting, Australia’s BHP (BHP-N) has further extended its $687-million takeover of…
Spot Prices Wed. June 27, 2001Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$276.00+$3.60Silver$ 4.35-$0.05…
Teck settles tax dispute
Teck has settled a dispute with the Canadian income tax authorities.The company deposited $75 million with the Canada Customs and Revenue Agency against a possible income tax reassessment. In light of…