Lending Rates (April 28, 2003)
as of 4 pm ET, Apr. 22, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.32LIBOR US$ 1-year1.42Gold …
Articles by Northern Miner Staff
US mineral output stagnant
The value of mineral-based materials produced in the U.S. in 2002 was US$373 billion, almost the same as in the previous year, according to a report from the U.S. Geological Survey.The lack of improve…
Daily Metal Prices (April 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 22April 21April 18April 17April 16Al Alloy137…
Benchmark, gold stage rally
The Toronto Stock Exchange composite index began the holiday-shortened April 16-22 report period in retreat mode but quickly found its footing to finish the week 97.74 points ahead. Fueling the rally …
Exchange Rates (April 28, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 22April 21April 18April 17April 16US$ in C$1.44711.4544Holiday…
Producer and Dealer Prices (April 28, 2003)
Antimony: Mid-mkt US$2,530/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$8.75-9.50/lb.Copper: Comex May US$0.7215/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Southern Rio advances 3T’s property
Vanderhoof, British Columbia — Southern Rio Resources (SNZ-V) is intensifying exploration of the 3T’s low-sulphidation epithermal gold-silver project in central British Columbia, 120 km southwest of …
Canadian Royalties pegs Mesamax resource
Vancouver — An independent resource estimate for the Mesamax zone has verified the economic potential of the Expo-Ungava nickel-copper-platinum-palladium property in northern Quebec.Glenn Mullan, pre…
Far North beckons Cumberland
By advancing the Meadowbank project in eastern Nunavut to production, Cumberland Resources (CBD-T) is positioning itself to become Canada’s next mid-tier gold producer.Covering some 350 sq. km along a…
New Brunswick offers variety of gold environments
The recent grassroots discovery of intrusion-related gold occurrences in the southwestern area of the province highlights the potential for economic precious metal deposits in New Brunswick. Coupled w…
Junior exchange bullish as Iraq fears subside
Vancouver — With the war in Iraq basically over, investors began to take money off of the sidelines. Over the week ended April 22, the S&P-TSX Venture Exchange composite index tacked on 9.41 points, …
SKN Resources seeks gold in northeastern Tibet
Vancouver — SKN Resources (SRL-V) has entered into an agreement with the Chinese government to acquire interests in nine exploration permits in northeastern Tibet (Xizang), site of the Zage gold pros…