Metal Prices (March 05, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 27Feb. 26Feb. 23Feb. 22Feb. 21Aluminium1562.50…
News
Golds enjoy relief from usual slump
The plunging technology stocks led the Toronto Stock Exchange downward over the report period Feb. 21-27, even as most other sectors moved higher. The TSE 300 composite index lost 170.99 points, or 2….
Nord Resources files for reorganization
Nord Resources (NRDS-O) has filed a reorganization case under chapter 11 of the U.S. bankruptcy code to enable it to develop the Johnson Camp copper mine, near Tucson, Ariz.In mid-January, Nord announ…
Spot Prices Wed. February 28, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$265.00+$7.70Silver$ 4.43+$0.01Platinum$613.00+$6.00…
Archon Minerals to drill Falcon targets in Northwest Territories
Vancouver-based Archon Minerals (ACS-V) has confirmed its intention to drill-test airborne targets on the DHK and WI joint-venture claim blocks in the Lac de Gras area of the Northwest Territories.BHP…
GREATEST VALUE TRADED, FEB. 21-27
ExchgVal($000s)HighLowCloseChangeAlcoa*N 598353 36.48 34.07 36.25 +1.05…
Juniors comb Superior Craton for gems
Partners Navigator Exploration (NVR-V) and Canabrava Diamond (CNB-V) have so far drill-tested five geophysical anomalies on the Kat project in the Attawapiskat region of northern Ontario.One of these,…
Vaaldiam raises Boungou funds
To advance the Boungou alluvial diamond property, Vaaldiam Resources (VRL-V) has closed a financing and marketing agreement with N. Aftergut & Zonen (A&Z) of Antwerp, Belgium.Situated in the Central A…
Stillwater lands financing
Denver — Stillwater Mining (SWC-X) has arranged a US$250-million credit facility, underwritten by TD Securities and Toronto Dominion. Other participants include N.M. Rothschild & Sons and Westdeutsch…
Agnico-Eagle further expands LaRonde
Continued exploration success by Agnico-Eagle Mines (AGE-T) at its LaRonde mine in Quebec has pushed up the global resource by 28% to a record 7.8 million oz. gold plus byproduct silver, copper and zi…
BHP’s copper strategy aimed at low-cost assets
A US$138-million expansion of the Tintaya copper operations in southern Peru will take production beyond the current 90,000 tonnes per year, rising to 124,000 tonnes in 2002 and 130,000 tonnes in 2004…
Semafo finds new zone
Junior Semafo (SMF-T) has outlined a new zone of mineralization at the Mana gold property in Burkina Faso, West Africa.In December 2000, Semafo sank 18 holes to follow up trenching completed last summ…