$5.2 m set for Fort la Corne
Based on the interim results from the 2001 evaluation program, the partners of the 225-sq.-km Fort la Corne joint…
News
Trading Summary (August 12, 2002)
Toronto stocks opened the week lower and stayed there on Monday as profit-takers lived up to their name. The golds…
Lending Rates (August 12, 2002)
as of 4 pm ET, Aug. 6, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.76LIBOR US$ 6-month1.74LIBOR US$ 1-year1.83Gold lease 3-month0.26Gold lease…
The Northern Miner — North American Mining Index (August 12, 2002)
69.11 (-1.70)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (August 12, 2002)
71.37 (+2.99)(Sept. 30/98 = 100)…
Equities slump drags down metals prices
July 29-Aug. 2 at a Glance- Copper prices were heavily oversold and funds were close to their limits on the short side. Consequently, support at US$1,495-1,500 per tonne should hold, though upside pot…
Agnico looking even deeper at LaRonde
Development of the LaRonde gold mine in northwestern Quebec is one of those business stories that just gets better with each passing year.Having completed its 7,350-ft. Penna shaft and expanded from a…
News – 12-AUG-02 (August 12, 2002)
Gold Funds (August 12, 2002)
Gold Funds as of August 6, 2002Dundee Precious MetalsCentral FundNet Valuen.a.$5.81Pricen.a.$6.55…
Falco rescue team heads Down Under
A mine rescue team representing Falconbridge’s Craig and Lockerby nickel-copper mines in Sudbury, Ont., recently won the Ontario mine rescue championships and will soon head to a colliery near Brisban…
US law augurs well for silver coin sales
U.S. President George W. Bush has signed legislation that authorizes the Treasury to buy silver on the open market when the nation’s silver stockpile is depleted. The new law ensures that production o…
Poetry contest in Cobalt
As part of its centennial celebrations next summer, the town of Cobalt, Ont., is having a poetry contest in honour of William Henry Drummond, a Canadian poet who owned and operated a mine in the area …