PEOPLE (July 15, 2002)
Afri-Can Marine — R.W. Foster appointed resource development manager.Algoma — Glen Manchester appointed senior VP corporate development; Keith McKay appointed VP finance and CFO.Fort Knox…
News
Stronger prices tied to US recovery
Base metals markets traded sideways in thin volumes during the report period July 1-5 as U.S. stock markets and the U.S. dollar regained some poise.A more stable outlook for U.S. financial markets wou…
Correction (July 15, 2002)
Two photos accompanying a report on Moydow Mines International (MOY-T) in our July 8-14 issue should have been credited to the company.Also, the final sentence was incomplete. It should have read: “In…
The Northern Miner — North American Mining Index (July 15, 2002)
83.40 (+3.81)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (July 15, 2002)
89.38 (+1.88)(Sept. 30/98 = 100)…
Gold Funds (July 15, 2002)
Gold Funds as at July 4, 2002Dundee Precious MetalsCentral FundNet Value$23.51$5.85Price$17.30$6.46…
AurionGold advises rejection of Placer offer
Directors of Australian gold miner AurionGold have gone beyond their initial recommendation that shareholders not react to Placer Dome’s (PDG-T) hostile, all-share takeover offer. They are now advisin…
Spot Prices Wed. July 10, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$313.80-$0.65Silver$ 5.04+$0.12Platinum$524.00-$…
Exchange Rates (July 15, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 9July 8July 5July 4July 3US$ in C$1.51441.52081.52391.5321…
LME Warehouse Levels (July 15, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 9 (change from July 2 in brackets):MetalStock (tonnes)ChangeAluminium1260000(+60…
Producer and Dealer Prices (July 15, 2002)
Antimony: Mid-mkt US$1,440/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.90-7.50/lb.Copper: Comex Sept US$0.7615/lb.Indium: Ind…
Alcoa rebounds in Q2
Costcutting enabled Alcoa (AA-N) to turn a respectable profit in the second quarter.The world’s largest aluminum producer earned US$232 million (or US27 per share) on revenue of US$5.2 billion during…