Xenolix to buy back shares
An agreed settlement in an administrative action by the Arizona Corporations Commission will require precious-metal “nanotechnology” company Xenolix Technologies (xtci-o) to buy back shares from some …
2001
Newmont drops RDN (December 31, 2001)
Vancouver — Disappointing results from a second round of drilling on the RDN gold-silver property in northern British Columbia have prompted Newmont Mining (NEM-N) to stop its work program.The proper…
Majors sink with Metal Prices
An easing of base and precious metal prices during the week before Christmas resulted in a broad decline in producers stocks.Southern Peru Copper was off 14 to US$11.16 as it placed US$73 million wor…
Rio Tinto drops Mogote
London-based Rio Tinto (RTP-N) has decided to drop its option to earn up to a 70% interest in IMA Explorations’ (IMR-V) Mogote copper-gold property in Argentina’s San Juan province.The major had an op…
War Eagle advances Mac tantalum property
Vancouver — War Eagle Mining (WEM-V) has released encouraging results from its Mac tantalum property in the Mackenzie Mountains of the Northwest Territories.The 45-sq.-km property features a tantalum…
Golden Star expands Bogoso-Prestea
After further analysis of data, Golden Star Resources (GSC-T) has upped the combined resource estimate at its 90%-owned Bogoso-Prestea property in Ghana.Measured and indicated resources are now pegged…
MOST ACTIVE ISSUES, DEC. 19-20
Volume(000s)HighLowCloseChangeAlcoa*N…
Scrooge-like meanness grips TSE
EASTERN MARKETLast-minute selling before the Christmas holidays saw the Toronto Stock Exchange 300 index fall 58.17 points over the Dec. 19-20 report period. The benchmark finished the shortened week …
Daily Metal Prices (December 31, 2001)
DateDec. 25Dec. 24Dec. 21Dec. 20Dec. 19Aluminiumnana1336.50/1350.501331/1346.501336/1357.50Al Alloynana1060/10911077/11001081/1115Coppernana1445.50/14691461/14851461/1486.50Leadn…
CDNX gears up for new year
WESTERN MARKETVancouver — Canada’s junior exchange managed to post modest gains on heavy volume over the holiday-shortened period ended Dec. 21. The Standard & Poor’s-CDNX composite index ended the s…
GREATEST VALUE TRADED, DEC. 19-20
Value($000s)HighLowCloseChangeAlcoa*N…
Inmet picks up Pyhasalmi in deal with Finland’s Outokumpu
Inmet Mining (IMN-T) has inked a US$64-million deal to buy Outokumpu’s Pyhasalmi copper-zinc mine in central Finland, and to participate in a strategic alliance with the Finnish metal producer.The dea…