Base metals withstand US corporate scandal
Don’t panic.On the morning of Wednesday, June 26, in the wake of the latest example of gross U.S. corporate misgovernance, it would have taken a brave person to bet on base metals markets ending the w…
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Lending Rates (July 08, 2002)
as of 4 pm ET, July 2, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.86LIBOR US$ 6-month1.96LIBOR US$ 1-year2.27Gold lease 3-month0.36Gold lease…
Gold Funds (July 08, 2002)
Gold Funds as at June 27, 2002Dundee Precious MetalsCentral FundNet Value$23.64$5.82Price$17.50$6.57…
The Northern Miner — North American Mining Index (July 08, 2002)
79.59 (-5.42)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (July 08, 2002)
87.56 (-2.60)(Sept. 30/98 = 100)…
Diamonds North targets Victoria Island (July 08, 2002)
Hoping to capitalize on a revitalized diamond exploration sector that has been fueled by recent kimberlite discoveries in Quebec and the Coronation district of Nunavut, Major General Resources has spu…
Roughing it (with apologies to Mark Twain)
As reviewed in the first article in this series, “Making the Grade: Diamonds Take Forever” (T.N.M., June 17/02), once a favourable bedrock (lode) or surficial (placer) site has been located, the proce…
Holmer confirms Timmins mineralization (July 08, 2002)
The first eight holes of an ongoing drill program have confirmed previous results at the Timmins project of Holmer Gold Mines (HGM-V).Between 1996 and 1998, Holmer outlined five near-surface parallel …
Ashanti scraps note restructuring (July 08, 2002)
Ashanti Goldfields (ASL-N) has scrapped a proposed note restructuring, following a US$75-million, last-minute cash injection from 32%-owner Lonmin.Instead, the African gold miner will implement an ear…
Gold fever in BC, Part I
Since the first recorded discovery of lode gold at Mitchell Bay on the Queen Charlotte Islands in 1857, the yellow metal has been vitally important to the early development of British Columbia. Placer…
PGM markets undergo shifts: report
Last year, platinum group metals (PGM) markets continued to experience wild shifts in supply, demand, and price, a trend that is likely to continue, according to Platinum Group Metals Survey 2002. The…
Producer and Dealer Prices (July 08, 2002)
Antimony: Mid-mkt US$1,425/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$6.75-7.70/lb.Copper: Comex Sept US$0.7625/lb.Indium: Ind…