PDAC 2002 cautiously upbeat
Cautiously upbeat may well describe the mood of delegates attending this year’s convention of the Prospectors & Developers Association of Canada (PDAC).John Steele, the association’s president, set th…
Articles by Northern Miner Staff
Spot Prices Wed. March 20, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$292.70-$1.05Silver$ 4.52+$0.02Platinum$514.00-$3.00Palladium$380.00+$10.00Base MetalsPrice (US$/lb)ChangeNickel$ 3.11+$0.23Lead$ 0.22 0…
De Beers sees Canada as top priority
De Beers has allocated more than half its 2002 global exploration budget to The Great White North, and that, when combined with planned expenditures on the Snap Lake and Victor diamond projects, means…
Overseas Quotes (March 25, 2002)
Close: Tuesday March 19, 2002SOUTH AFRICA (SA Rand)Anglo Am. Plat.497.00Anglovaal Mg38.00Avgold6.65Cons African0.45Gencor50.70Impala Platinum664.00Iscor15.30JCI Gold9.25Metorex3.40Western Are…
Northern Miner Indices (March 25, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2…
LME Warehouse Levels (March 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 19 (change from March 12 in brackets):Aluminium977000(+23100)Aluminium Alloy111440(-400)Copper922450(+3075)Lea…
Exchange Rates (March 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 19March 18March 15March 14Feb. 13US$ in C$1.58391.58781.58581.59351.5932C$ in US$0.63140.62980.63060.62750.6277EXCHANGE RATES …
Gold Funds (March 25, 2002)
Gold Funds as of March 14 2002Dundee Precious MetalsCentral FundNet Value$18.60$5.69Price$13.50$5.80Discount27.421.9Value$130,051,000$110,625,166…
PDAC 2002
US industrial growth boosts prices
METALS COMMENTARYGrowth in U.S. industrial production accounts for the price increases seen throughout the first quarter and indicates that business fundamentals in that country have responded well to…
Cambior closes financing (March 25, 2002)
Regulators have approved of Cambior’s (cbj-t) issuance of 21.3 million units to raise $27.75 million. Consequently, the company now has 126.2 million shares outstanding.Cambior completed the deal earl…