Exchange Rates (September 16, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4US$ in C$1.57201.56561.56341.
News
Hecla gets El Callao deal
After nearly a half year of negotiations, Hecla Mining (HL-N) and Venezuelan state enterprise Corporacion Venezolana de Guayana (CVG) have finalized their leasing agreement on Block B in Venezuela’s v…
Northern Miner Indices (September 16, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T23.2%CamecoCCO-T3.2%FalconbridgeFL-T5.2%Freeport BFCX.B-N5.8%GoldcorpG-T4.2%IncoN-T9.2%Meridian GoldMNG-T2.8%Newmont MiningNE…
Falconbridge drops East Bull (September 16, 2002)
Shares of Mustang Minerals (YMU-V) fell sharply on Sept. 11, after the company announced that its partner Falconbridge (FL-T) was dropping the East Bull Lake PGE property near Sudbury, Ont.The major h…
Letter to the editor: The price of success
Tom Morrison (T.N.M., Sept. 2/02) raises an important issue in his letter. When I entered the mining industry, the main concern was that the World’s mineral resources were becoming exhausted. Jobs wer…
Countries to discuss sustainable mining
Canada and South Africa have announced that together they will seek a dialogue on sustainable development in the minerals sector as a follow-up to the World Summit on Sustainable Development, which to…
Forum to discuss Aguas Blancas
At Industrial Minerals 2002, Richard Clark, president of Vancouver-based Atacama Minerals, will host a session entitled Aguas Blancas: Chile’s Newest Iodine Mine. The conference is slated for Oct. 22-…
TSE Short Positions (September 16, 2002)
Short positions outstanding at August 31, 2002Larger individual positions includeAgnico-Eagle 5,666,766 up 93,471; Barrick 8,356,953 down 619,950; Bema 3,540,974 up 128,100; Bras…
Daily Metal Prices (September 16, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 10Sept. 9Sept. 6Sept. 5Sept. 4Al Alloy1300/12…
Ariane begins drilling in French Guiana
A newly formed company called Ariane Gold, led by the former management of Hope Bay Gold, has raised $29.5 million for gold exploration in French Guiana through a special warrant financing and a share…
Diamond Fields takes Trans Hex to court (September 16, 2002)
Diamond Fields International (DFI-T) has filed a claim with the High Court of South Africa seeking US$19.5 million in damages from its former partner, Trans Hex Group.On July 1, the South African mine…
Record output lifts Rio Narcea
Rio Narcea Gold Mines (RNG-T) produced a record 61,674 oz. gold at its El Valle mine in Spain during the three months ended June 30, as it mined higher grades in the Charnela zone.Cash costs rang in a…