Last year proved to be exceptionally successful for De Beers and the diamond industry as a whole.Demand for rough diamonds was strong throughout 2002 as cutting centres responded to the increased dema…
as of 4 pm ET, Feb.11, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.43Gold lease 3-m…
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N58122329.9527.5228.50-1.29…
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5Al Alloy1485/1430…
Vancouver — A slump in the price of bullion dragged down Canada’s junior exchange over the week ended Feb. 11. The S&P-TSX Venture Exchange composite index shed 35.54 points, or 3.45% of its value, t…
Looks like someone finally had to pay for Barrick Gold’s pitiful share performance over the past year and half: President and CEO Randall Oliphant was briskly frog-marched off the plank by Barrick’s b…
Gold’s recent volatility proved to be a double-edged sword over the period ending Feb. 11, as the yellow metal tumbled more than US$20 to trade in the low US$360-per-oz. range.The gold majors made a h…
The Northern Miner asked several followers of the junior mining sector for their stock recommendations for 2003. In this, the last of three instalments, we asked newsletter publishers Paul van Eeden a…
Precious MetalsPrice (US$/oz.)ChangeGold$363.15-21.85Silver$4.57-0.36Platinum$692.00+3.00…
Falconbridge (FL-T) recorded hefty profits for both the fourth quarter and 2002.The company earned $73 million (or 34 per share) in 2002 on revenue of $2.4 billion, compared with earnings of $16 mill…
Facing ground problems at its Cayeli mine in Turkey and difficulties in shipping concentrates from Ok Tedi in Papua New Guinea, Inmet Mining (IMN-T) still turned a fourth-quarter profit, thanks to goo…
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