Lending Rates (May 20, 2002)
as of 4 pm ET, May 14, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.47Gold lease…
Articles by Northern Miner Staff
Gold Funds (May 20, 2002)
Gold Funds as at May 9, 2002Dundee Precious MetalsCentral FundNet Value$22.71$5.80Price$17.57$6.91…
Jean Elizabeth Wegenast
Jean Elizabeth “Zibby” Wegenast, wife of mining engineer and university professor William Wegenast, has died after a battle with Parkinson’s disease. She was 73.Born in Newfoundland, she was the daugh…
Huaron powers Pan Am
Newfound production at the Huaron mine in Peru and La Colorada mine in Mexico enabled Pan American Silver (PAA-T) to boost revenue to US$10.2 million in the recent first quarter, compared with US$4.5 …
Gold index loses lustre
The S&P/TSX composite index slipped 9.1 points during the May 8-14 report period, closing at 7,707.8 points.Gold yo-yoed itself to a US$308.40-per-oz. London afternoon fix on May 14, a net decrease of…
Olympus Pacific encouraged at Khe Rin
Olympus Pacific Minerals (OYM-V) is bullish about partial assay results from an 18-hole, 2,100-metre drilling program on the Phuoc Son gold project in central Vietnam.The drilling was aimed at testing…
Junior golds add to recent gains
Vancouver — Canada’s junior exchange moved higher during the report period ended May 14, as investors continued to snap up shares in gold-related issues. The Standard & Poor’s-TSX Venture composite i…
MOST ACTIVE ISSUES, MAY 8-14
ExchgVol(000s)HighLowCloseChangeKinross GoldT243563.272.843.04-0.06…
El Sauzal poised to benefit from Glamis-Francisco merger
The proposed merger between Francisco Gold (FGX-V) and Glamis Gold (GLG-T), now set for mid-June, will provide the latter with some promising development projects.Under the binding offer, which has be…
Archon hits snags while drilling in Lac de Gras
Drilling by Archon Minerals (ACS-V) in the Lac de Gras area of the Northwest Territories has been halted following the testing of only one target.Archon had set about testing some 22 geophysical pipe-…
Cumberland eyes Portage link (May 20, 2002)
Cumberland Resources (CBD-T) has intersected shallow, high-grade mineralization during a drill program aimed at connecting the Third Portage and North Portage deposits on the Meadowbank gold project i…
LME Warehouse Levels (May 20, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 14 (change from May 7 in brackets):MetalStock (tonnes)ChangeAluminium1131625(+149…