Placer Dome gives nod to Getchell project
Vancouver — Placer Dome (PDG-T) is preparing to start up the Turquoise Ridge gold mine, part of the Getchell project in northwestern Nevada’s Humboldt Cty.The daily milling rate is projected to be 1,…
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Ashton, Soquem unearth more kimberlite
With spring break-up fast approaching in the Otish Mountains region of north-central Quebec, Ashton Mining of Canada (ACA-T) and provincially owned Soquem have uncovered another small kimberlitic body…
Northern Orion dilutes self for Alumbrera purchase
Northern Orion Explorations (NNO-T) is cranking up the printing press to fund its partial acquisition of the Bajo de la Alumbrera gold-copper mine in Argentina.The Vancouver-based junior recently team…
Peru grants extension to Manhattan Minerals
Vancouver — The Peruvian government has granted Manhattan Minerals (MAN-T) a one-year extension to its option agreement over the Tambo Grande concessions.The deal gives the company until May 31, 2004…
China’s gold trade
The People’s Bank of China has removed all barriers to gold licensing for the manufacture, distribution and retailing of gold products. The move is a significant step towards liberalizing the gold mar…
Lending Rates (April 21, 2003)
as of 4 pm ET, Apr. 15, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.33LIBOR US$ 1-year1.44Gold …
Exchange Rates (April 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 15April 14April 11April 10April 9US$ in C$1.45151.45321.4516…
LME Warehouse Levels (April 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 15 (change from April 8 in brackets):MetalStock(tonnes)ChangeAluminium1221850(-…
Producer and Dealer Prices (April 21, 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$9.00-10.00/lb.Copper: Comex May US$0.733/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Harmony launches gold bars
Harmony Gold Mining, South Africa’s third-largest gold producer, is marketing a series of branded gold bars to consumers at home and abroad, with 90% of the product bound for India.Although South Afri…
Spot Prices Wednesday April 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$323.85-0.25Silver$4.49+0.01Platinum$624.00-1.00P…
Canadian Stock Exchange Indices (April 21, 2003)
DateApril 15April 14April 11April 10April 9HighLowTSX Composite6488.186462.436432.086418.