Correction (November 18, 2002)
The story “New tents pitched in Red Lake camp” (T.N.M., Oct. 21/02) incorrectly stated that Southern Star Resources (YSO-V) is a wholly owned subsidiary of Golden Star Resources (GSC-T).Southern Star …
2002
Platinum in high demand
Demand for platinum is forecast to climb by 2.9% to 6.4 million oz. in 2002, according to an interim review of platinum-group-metal markets published by London-based Johnson Matthey.Chinese purchases …
Seahorse douses GGL’s hopes
The discovery of multiple kimberlites by GGL Diamond (GGL-V) on its Seahorse property in the Lac de Gras area of the Northwest Territories has proved barren of diamonds.A cluster of three irregular in…
Virginia active in James Bay area (November 18, 2002)
Equal partners Virginia Gold Mines (VIA-T) and TGW Corp. (GWC-V) report that initial results from a 19-hole drilling campaign on the Poste Lemoyne gold project in northwestern Quebec have extended the…
Fording courts suitors to thwart Sherritt takeover
The Toronto Stock Exchange Composite Index slipped 70.37 points to end the Nov. 6-12 report period at 6,329.27.The TSE’s gold index was up 5.39 points, partly on the back of a US$5.70-gain in the pric…
Placer moves to complete AurionGold takeover
With more than 91% of AurionGold’s shares in its grasp, Placer Dome (PDG-T) intends to exercise its rights to acquire the remainder.Placer expects to have the remaining shares within two months, at wh…
Bulls beat bears on Venture exchange
Vancouver — Canada’s junior exchange was in a bullish mood over the report period ended Nov. 12. The S&P-TSX Venture Exchange composite index gained 22.18 points, or 2.37%, to finish the week at 955….
Fording adds cash to fight hostile Sherritt bid
Bolstering its defence against a $1.6-billion takeover bid by the Sherritt Coal Partnership II, Fording (FDG-T) has announced plans to offer shareholders a $3-per-share cash bonus as part of its propo…
Edgar Pye
Edgar Pye, who formed the Ontario Geological Survey in 1972, has died.A geology graduate of the University of Toronto, Pye began his career in 1948, mapping iron formations in Ashmore and Errington tw…
PEOPLE (November 18, 2002)
Almos Gold — Chester Millar, John McCluskey, Steve Stine, James McDonald and Richard Hughes appointed directors.
GREATEST VALUE TRADED, NOV. 6-12
ExchgVal($000s)HighLowCloseChangePlacer DomeT62150317.0015.1715.62+0.12…
Daily Metal Prices (November 18, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 12Nov. 11Nov. 8Nov. 7Nov. 6Al Alloy1296/1301…