Green light flashes for Thunderbox mine
Partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources will proceed with development of the Thunderbox gold project in Western Australia.With a 4-year finance facility…
2001
Great Quest finds gold at Kenieba
A reconnaissance survey on the Kenieba concession in Mali, West Africa, by Great Quest Metals (GQ-V) has returned up to 10.5 grams gold per tonne.The survey focused on two targets, the Zambaye 1 and 2…
Normandy takeover heats up
The quest for Australian gold producer Normandy Mining turned a corner over the Dec. 5-11 report period as Newmont Mining increased its cash component to twice that offered by rival suitor AngloGold…
Canaccord revises PGM forecast downward
In a November research report, Canaccord’s London-based gold analyst, Roger Chaplin, lowers his price projections for platinum group metals (PGMs) and their producers.Building on PGM supply-and-demand…
Codelco plans copper cuts (December 17, 2001)
Vancouver — The world’s largest copper producer has finally entered the fold of the other majors by announcing it will cut output by at least 100,000 tonnes in 2002.The move by Chile’s state-owned Co…
Algoma Steel wins more time
Century-old steel producer Algoma Steel (ALG-T) is breathing a sigh of relief after the third time proved to be the charm for its debt restructuring.The company announced it has filed a third amended …
GREATEST VALUE TRADED, DEC. 5-11
ExchgVal($000s)HighLowCloseChangeAlcoa*N55589940.4537.9038.53+0.43…
The Northern Miner — North American Mining Index (December 17, 2001)
66.19 (-0.69)(Sept. 30/98 = 100)…
Silver Standard hits bonanza grades
Vancouver — Silver Standard Resources (SSO-V) has tabled more high-grade results from infill and exploration drilling at the Manantial Espejo silver-gold project in Argentina’s Santa Cruz province.So…
Spot Prices Wed. December 12, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$273.25-$2.50Silver$ 4.29+$0.14Platinum$466.00+$…
TSE Short Positions (December 17, 2001)
Short positions outstanding at November 30, 2001Larger individual positions include:Agnico-Eagle 1,905,785 up 949,900; Alcan Inc; P> 1,460,722 up 371,386; Barrick Gold 10,815,328 up 155,839; Bolide…
Gold Funds (December 17, 2001)
Gold Funds as of December 6, 2001Dundee Precious MetalsCentral FundNet Value$12.93$5.31Price$9.15$5.25…