News

Producer and Dealer Prices (January 01, 2001)

Antimony: Mid-mkt US$1,350/t.Bismuth: Mid-mkt US$4.00/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.70-14.25/lb.Copper: Comex March US$0.8625/lb.Indium: …


National Gold deals for Salamandra gold project

Vancouver — Junior National Gold (NGT-V) has inked a $10.5-million deal with Placer Dome (PDG-T) and Kennecott Minerals to pick up the 3.4-million-oz. Mulatos deposit in Mexico’s Sonora state. Kennec…


TSE Short Positions (January 01, 2001)

Short positions outstanding at December 15, 2000Abitibi-Consolidated Inc. 230,159 up 149,243; Alcan Aluminium Ltd. 295,734 up 206,780; Ameridian Ventures Inc. 100,500 up 100,500; An…


Fire closes Cassiar mill

Cassiar Magnesium (CIR-T) has suspended production of chrysotile fibre products at its mill in Cassiar, B.C., because of fire damage.The full extent of the damage is not yet known and the company does…


Ontario gov’t to fly surveys near Dryden

Ontario’s Ministry of Northern Development and Mines will fly a series of geophysical surveys in the Kenora district in the new year. The surveys are part of Operation Treasure Hunt — a project, now …


Francisco to table El Sauzal feasibility study

Vancouver — Junior Francisco Gold (FGX-V) expects to table a bankable feasibility study for its El Sauzal project in Mexico late in 2001.Situated 13 km west of Batopilas in Chihuahua state, El Sauzal…


Labrador fund rejects Rio bid

The trustees of the Labrador Iron Ore Royalty Income Fund (LIF.N-T) have called Rio Tinto’s (RTP-N) $13.50-per-share offer for all the units of the fund “significantly below fair value.”The group says…


Holidays prove good for gold

Denver — The Dow Jones industrial average climbed 108.07 points, or 1%, to close at 10,692.44, during the holiday-shortened report period ended Dec. 26.Spot gold jumped to US$274.10 on the Comex divi…


Altius options Tally Pond

Altius Minerals (ALS-V) has acquired an option to earn a 100% interest in the South Tally Pond property in central Newfoundland from Noranda (NOR-T).The 47.5-sq.-km property covers the southern quarte…




Exchange Rates (January 01, 2001)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 26Dec. 25Dec. 22Dec. 21Dec. 20US$ in C$HolidayHoliday1.51671.51851.5219C$ in US$Holiday Holiday0.65930.65850.6570EXCHANGE RATES…


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