DRC’s drilling tests resource below pit at Afton
Six months of drilling from the floor of the Afton open pit, 10 km west of Kamloops, B.C., has — predictably enough — delivered a substantial copper and precious metal resource to owner DRC Resource…
2000
Exploration spending declines
Total spending allocated for worldwide exploration of nonferrous metals increased steadily from 1993 to 1997, when it peaked at an estimated US$5.2 billion, according to Halifax, N.S.-based Metals Eco…
Exchange Rates (November 20, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 14Nov. 13Nov. 10Nov. 9Nov. 8US$ in C$1.5446Holiday1.54551.54…
TSE Shorts (November 13, 2000)
Short positions outstanding at October 31, 2000Larger individual positions include: Abitibi-Consolidated 467,593 down 1,146,358; Anderson Expl. 1,413,879 down 348,438; Barrick Gold Corp. 11,…
Exchange Rates (November 13, 2000)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 7Nov. 6Nov. 3Nov. 2Nov. 1US…
Franco-Nevada sets record
A quarter that saw Franco-Nevada Mining (FN-T) lose out on a merger bid with South African mining house Gold Fields (GOLD-Q) still provided the gold producer with record earnings and revenue. Franco-N…
NAME CHANGES (November 13, 2000)
Brier Res. (BE-V) has changed its name to Ashlar Financial Services (AFH-V) on a 1-new-for-1-old-share basis.Golden Sitka Res. (GSZ-V) has changed its name to Aurora Platinum Corp.
Gold Funds (November 13, 2000)
Gold Funds as of Nov. 2, 2000Dynamic MutualCentral FundNet Value$11.70$5.41Price$6.90$4.40D…
PNWC confirms values at Lismer Ridge
Vancouver — Three diamond drill holes collared in the Lismer Ridge area, some 1.5 km southeast of the promising Dana Lake target in northern Ontario, have returned widespread platinum-palladium value…
LME Warehouse Levels (November 13, 2000)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 7/00 (change from Oct. 31 in brackets):MetalsStock(tonnes)ChangeAluminium328550(…
Dow awaits election results
Denver — The Dow Jones industrial average paused for the U.S. election, falling a mere 18.96 points, or 0.2%, to close at 10,952.18 for the week ended Nov. 7, while mining issues continued their desc…
Juniors keep busy as gold slips below US$270
Gold stepped back into the spotlight during the Nov. 1-7 report period, as the Bank of England auctioned another 804,000 oz. (25 tonnes) at an allotment price of US$264.30 per oz.While the amount offe…