Trading Summary (August 06, 2002)
The gold issues led the S&P/TSX Composite Index 17.31 points lower to 6,519.16 points on Tuesday. The move brought…
News
News – 05-AUG-02
Lending Rates (August 05, 2002)
as of 4 pm ET, July 30, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.86LIBOR US$ 1-year2.07Gold lease 3-month0.32Gold leas…
Gold Funds (August 05, 2002)
Gold Funds as at July 25, 2002Dundee Precious MetalsCentral FundNet Value$19.88$5.98Price$15.05$6.20…
Nevada Star hunts for PGEs
Anchorage, Alaska — Nevada Star Resource (NEV-V) has assembled a prospective nickel/copper/platinum-group-metal land package on the southern flanks of the Alaska range, 402 km northeast of here.The p…
AurionGold rejects cash-sweetened bid
Vancouver — Directors of Australian miner AurionGold are sticking to their guns and advising shareholders to reject a revised, hostile bid from Placer Dome (PDG-T).With falling gold prices knocking P…
The Northern Miner — North American Mining Index (August 05, 2002)
70.81 (+3.95)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 05, 2002)
68.38 (-3.34)(Sept. 30/98 = 100)…
Consumer buying augurs well for metals
Metals prices continued to move in lock step with equity market indices for the time being. This is not the usual picture in the early stages of an economic upturn. Weak equity markets have not hamper…
Pacific Minerals confirms grades (August 05, 2002)
Vancouver — The first nine holes of a planned 2,500-metre underground drill program on the JBS platinum-palladium-nickel-copper deposit in southwestern China have returned high-grade values for opera…
More miners killed in China
A gas explosion has killed 18 miners at an unlicensed pit in China’s southwestern province of Guizhou, and seven more miners were injured in another blast at the nearby Taojiawan coal mine.The latest …
IGI to open Toronto lab
The International Gemological Institute (IGI), based in New York, N.Y., will open a lab in Toronto to certify diamonds for the Canadian market.The Toronto lab will include seven Canadians and three IG…