The Northern Miner — North American Mining Index (June 03, 2002)
92.43 (+2.83)(Sept. 30/98 = 100)…
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The Northern Miner — Small Producers Index (June 03, 2002)
97.52 (+5.64)(Sept. 30/98 = 100)…
Miramar, Hope Bay complete merger
With the merger of Miramar Mining (MAE-T) and Hope Bay Gold now a done deal, the new Miramar is confident its 100% ownership of the Hope Bay project in Nunavut will provide the platform for growth.The…
Placer targets takeover of Aussie miner
Vancouver — Falling metal prices over the past few years may have initiated consolidation in the mining industry, but as the price of bullion rises to levels not seen since 1999, the wave of mergers …
News – 03-JUN-02
Base metals steady as summer approaches
The major base metals continued to trade steadily to slightly lower during the report period May 20-24. The fillip of much-better-than-expected U.S. durable goods orders helped push prices to a fairly…
Commentary: Busang criticisms led to distortion
In this, the conclusion of a 2-part report, the author examines additional warning signs, or “red flags,” which supposedly should have been obvious to those involved in the Busang project in Indonesia…
Lending Rates (June 03, 2002)
as of 4 pm ET, May 28, 2002(%)Bank of Canada2.25Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.10LIBOR US$ 1-year2.66Gold lease 3-month0.33Gold lease…
Gold Funds (June 03, 2002)
Gold Funds as at May 23, 2002DundeePrecious MetalsCentral FundNet Value$26.14$5.87Price…
Exchange Rates (June 03, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 28May 27May 24May 23May 22US$ in C$1.53021.53451.53481.5335…
Canadian Stock Exchange Indices (June 03, 2002)
DateMay 28May 27May 24May 23May 22HighLowTSX Composite7660.587667.037667.757725.087638.38…
BHP continues copper cuts
Vancouver — Responding to weak demand for copper, BHP Billiton (BHP-N) says it will extend production cuts at the Escondida and Tintaya operations in Chile and Peru, respectively.In November 2001, th…