Spot Prices Wed. June 26, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$324.60+$2.75Silver$ 4.85-$0.05Platinum$551.00-$…
News
FNX tops up treasury (July 01, 2002)
FNX Mining (FNX-T), formerly Fort Knox Gold Resource, has arranged a bought deal with Dundee Securities, BMO Nesbitt Burns and Griffiths McBurney & Partners to raise $25 million.Under the deal, FNX wi…
Producer and Dealer Prices (July 01, 2002)
Antimony: Mid-mkt US$1,410/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.00-8.50/lb.Copper: Comex July US$0.7495/lb.Indium: Ind…
Canadian Stock Exchange Indices (July 01, 2002)
DateJune 25June 24June 21June 20June 19HighLowTSX Composite7120.807129.937139.437225.357247.76…
GREATEST VALUE TRADED, JUNE 19-25
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N59682229.7527.6628.60+0.28…
Rio Narcea rewrites hedge book
With its own future looking brighter and bullion prices picking up, Rio Narcea Gold Mines (RNG-T) has restructured its hedge book.In late 2000, the company borrowed US$24 million from Deutsche Bank to…
AurionGold eyes sweetener (July 01, 2002)
As expected, the board of directors of Aussie takeover target AurionGold has advised shareholders not to accept Placer Dome’s (PDG-T) all-share bid, as it wrangles for a cash sweetener.In a letter acc…
LME Warehouse Levels (July 01, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 25 (change from June 11 in brackets):MetalStock (tonnes)ChangeAluminium1227150(+…
First Quantum forges ahead at Kansanshi
A positive engineering report has prompted First Quantum Minerals (FM-T) to proceed with a bankable feasiblity study of the Kansanshi copper-gold deposit in Zambia.Kansanshi is Zambia’s oldest mine, d…
Licensure closing in
Ontario geologists and geophysicists may find it wise to watch the calendar this summer. At the end of August, their livelihood may depend on having a professional licence.The Geoscientists Act, passe…
St Andrew execs take the reigns at UTX (July 01, 2002)
St Andrew Goldfields (SAS-T) has assumed a 33% stake in United Tex-Sol Mines (UTX.A-V).Glenn Laing and Julian Kemp, president and chief financial officer, respectively, of St Andrew, now hold the same…
Northern Miner Indices (July 01, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)BarrickABX-T21.9%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport BFCX.B-N5.7%GoldcorpG-T3.2%IncoN-T7.9%Meridian GoldMNG-T2.5%Newmont Minin…