Still too early for base metals
The outlook for base metals prices continues to be weighed down by the macro-economic environment, and recent comments from the Federal Open Market Committee (FOMC) did not provide any incentive for b…
2002
Crystallex gains as other golds lose
Broad investor support pushed the Toronto Stock Exchange composite index up 149.70 points over the Sept. 25-Oct. 1 report period. The benchmark finished the week at 6,218.60.Gold had a rough ride over…
BHP shuts Anglo out of Ekati
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
Producer and Dealer Prices (October 07, 2002)
Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.31/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.50/lb.Copper: Comex Dec US$0.6705/lb….
MOST ACTIVE ISSUES, SEPT. 25-OCT. 1
ExchgVol(000s)HighLowCloseChangePlacer DomeT2612315.9414.0114.27-1.83…
NAME CHANGES (October 07, 2002)
Zen International (ZQP-V) has changed its name to Orca Petroleum (OPI-V) on a 1-new-for-10-old-share basis.Terrastar Resources (TSR-V) has changed its name to Pine Point Mines…
Daily Metal Prices (October 07, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25Al Alloy1203/…
Gossan targets Bird River sill
A small drill program by Gossan Resources (GSS-V) is following up prospective platinum-palladium targets in the Bird River sill complex in southeastern Manitoba.The 20.6-sq.-km property, which is divi…
Alcoa bids for Elkem (October 07, 2002)
U.S. aluminum giant Alcoa (AA-N) has initiated a cash tender offer for 3.5 million shares in Norway’s Elkem at 175 Norwegian kroner per share, or about US$26.31 apiece.Alcoa, which currently owns 46.3…
De Beers boosts stake in partner
By exercising 984,000 share purchase warrants at 80 apiece, De Beers Canada Exploration has increased to 6.4% its interest in Mountain Province Diamonds (MPV-T).De Beers acquired the warrants when, i…
Hecla revises ’02 forecasts
With its operations still exceeding expectations, Hecla Mining (HL-N) has once again increased its production forecast for the current year.The Coeur d’Alene, Idaho-based silver miner now expects to h…
Tichegami yields one stone
A second kimberlitic find on the Tichegami property in the Otish Mountains region of Quebec has returned only one microdiamond from 23.1 kg of tested material. The project is shared by Pure Gold Miner…