Spot Prices Wed. October 9, 2002
Precious MetalsPrice (US$/oz.)ChangeNickel$ 2.95-$0.11Lead$ 0.19 0.00Copper$ 0.65-$0.01…
News
Exchange Rates (October 14, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 8Oct. 7Oct. 4Oct. 3Oct. 2US$ in C$1.59291.59201.59421.5902…
LME Warehouse Levels (October 14, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 8 (change from Oct. 1 in brackets):MetalStock (tonnes)ChangeAluminium1282950(-71…
Golds slump in weak market
Dow 36,000 receded further into the distance over the report period Oct. 1-8, with the bellwether U.S. stock index plunging 437.30 points to finish at 7,501.49. But the gold stocks, which have been fe…
Anooraq rides bulk-tonnage prospects
Vancouver — The Bushveld igneous complex in South Africa has long been known to host high-grade platinum group metal (PGM) deposits, but in recent years the discovery of large, lower-grade prospects …
Heathgate co-operates with Australian inquiry
The operator of the Beverley uranium mine in South Australia has agreed to surrender an environmental impact report to a Senate inquiry investigating a mine spill that occurred in January 2002.Adelaid…
Wolfden, First Au eye Argosy
Vancouver — Partners Wolfden Resources (YWO-V) and First Au Strategies (FAV-V) are preparing to drill-test the once-productive Casummit gold property in the Red Lake mining camp of northern Ontario.T…
PEOPLE (October 14, 2002)
Alcan — William Loomis Jr. appointed director.Anglo American — David Hathorn, Andrew Thompson and Simon Thompson appointed directors.Crew Development — Wolf Seidler appointed COO.
Producer and Dealer Prices (October 14, 2002)
Antimony: Recent trades US$3,200-3,300/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium>: Mid-mkt US$0.31/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.00-6.80/lb.Copper: Comex Dec US$0.6645/lb…
Daily Metal Prices (October 14, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 8Oct. 7Oct. 4Oct. 3Oct. 2Al Alloy1210/1210…
Benchmark’s woes cast shadow over resource sectors
The Oct. 14-20 report period saw the Toronto Stock Exchange plunge to levels not seen in four years as the proposed U.S.-led war on Iraq gained steam and the banking and high-tech sectors issued more …
Junior market takes it on the chin
Vancouver — Halloween came early for investors in Canada’s junior exchange as sellers drove the market to yet another 52-week low during the report period ended Oct. 8. The Standard & Poor’s-TSX Vent…