Gold rally sputters following US retaliation
Well, so much for the gold rally. Prices for the yellow metal began a downward trend during the Oct. 3-9 report period, falling out of a tight US$290-per-oz. trading range and quietly drifting down to…
2001
Spot Prices Wed. October 10, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$286.50-$3.45Silver$ 4.49-$0.10Platinum$424.00-$…
Majescor aims drills at Wemindji
Vancouver — A series of financings has paved the way for Majescor Resources (MAJ-V) to ramp up exploration at two promising diamond properties in northern Quebec.The non-brokered private placements t…
Starfield hits high grades at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) cut a narrow, high-grade platinum and palladium horizon on the West zone of the Ferguson Lake deposit, near Rankin Inlet in Nunavut. (The deposit also contains…
Anooraq granted renewal on Platreef
Vancouver — Armed with a $3.2-million financing, Hunter Dickinson-led Anooraq Resources (ARQ-V) has been granted a 5-year exploration renewal on its Platreef platinum group metals (PGM) properties in…
Metal Prices (October 15, 2001)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 9Oct. 8Oct. 5Oct. 4Oct. 3…
High River ups Buryat holding
High River Gold Mines (HRG-T) has bought a further 10% shareholding in Buryatzoloto, the Russian company that operates the Zun-Holba and Irokinda mines in the Buryat region in eastern Russia.The value…
Deals may bring Queenstake’s Magistral closer to production
Vancouver-based explorer Queenstake Resources (QRL-T) has entered into two agreements it says provide the financing and equipment it will need to put its Magistral gold project, in Sinaloa state, into…
Geomaque hangs tough at Vueltas del Rio
Although a year behind schedule, Geomaque Exploration (GEO-T) expects to achieve design capacity at its Vueltas del Rio mine by the first quarter of 2002.Situated in Honduras, Vueltas del Rio is one o…
Saskatchewan checks old mines
The Saskatchewan government has issued an interim report on the health and environmental risks of abandoned mines in the province’s northern region.The Saskatchewan Environment and Resource Management…
Exchange Rates (October 15, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 9Oct. 8Oct. 5Oct. 4Oct. 3U…
MOST ACTIVE ISSUES, OCT. 3-OCT. 9
ExchgVol(000s)HighLowCloseChangeAlcoa*N1676832.9029.8231.61-0.34…