Wayside arranges payment for Wells area claims
Vancouver — International Wayside Gold Mines (IWA-V) missed an option payment to Mosquito Consolidated Gold Mines (MSQ-V) in December 2001, owing to a lien filed by the British Columbia Ministry of R…
2002
Amplats sets River Valley budget
Satisfied with its partner’s progress, Anglo American Platinum of South Africa has provided Pacific North West Capital (PFN-T) with another $2.3 million to advance the River Valley platinum-palladium …
GREATEST VALUE TRADED, JANUARY 9-15
ExchgVal($000s)HighLowCloseChangeFranco-NevT71404125.9522.8125.85+2.95…
Oversubscribed UK auction revitalizes gold miners
Despite pre-auction jitters, gold soared $8.60 over the Jan. 9-15 report period to land at a London morning fix of US$287.95 per oz. on Jan. 16.On that day, the Bank of England sold another 20 tonnes …
Daily Metal Prices (January 21, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9Aluminium1379/139…
Exchange Rates (January 21, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9US$ in C$1.58971.59711.59721.60…
Producer and Dealer Prices (January 21, 2002)
Antimony: Mid-mkt US$1,080/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.79-8.50/lb.Copper: Comex Mar. US$0.—-/lb.Indium: Ind…
Hope Bay partners increase resource (January 21, 2002)
Joint-venture partners Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) have updated the resource estimate on their Hope Bay project in western Nunavut, following drill programs through 2001. The new …
Ford takes writedown on PGM stockpile
Ford, the world’s second-largest automaker, has taken a US$1-billion writedown on its inventory of platinum group metals used in catalytic converters. The measure is part of an overall US$5.7-billion …
CDNX bucks the downward trend
Vancouver — Canada’s junior exchange bucked the trend set by the major bourses and posted modest gains during the week ended Jan. 15. The Standard & Poor’s-CDNX composite tacked on 3.79 points, or 0….
AngloGold extends bid to sway more shareholders
Unwilling to concede defeat, AngloGold (AU-N) is extending the expiry date of its takeover offer for Normandy Mining (NDY-T) as U.S. and Australian regulators give the go-ahead to rival suitor Newmont…
Spot Prices Wed. January 16, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$287.95+$8.60Silver$ 4.67-$0.08Platinum$476.00+$…