More high-grade for Cumberland
Drilling by Cumberland Resources (CBD-T) at its Meadowbank gold project north of Baker Lake in Nunavut has interse…
News
Drill turns at Limousine Butte (May 21, 2002)
Vancouver — Newmont Mining (NEM-N) has launched a fourth round of drilling on Nevada Pacific Gold’s (NPG-V) Limous…
Pacific Rim eyes La Calera
Vancouver — With both the court and shareholders approving the merger of Pacific Rim Mining and Dayton Mining, the…
Yatela boosts Iamgold’s earnings
With the Yatela mine in western Mali three months into its first full year of commercial production, Iamgold (IMG-T) has posted solid first-quarter earnings.The company earned US$4.5 million (or 6 pe…
Newmont starts year with loss
Fresh from acquiring Franco Nevada Mining and Normandy Mining, Newmont Mining ended the May 9-14 period down $1.17 to US$28.05 as the world’s number-one gold producer posted a first-quarter net loss o…
Partners table Los Filos resource (May 20, 2002)
Vancouver — Partners Teck Cominco (TEK-T) and Miranda Mining (MRM-V) have tabled a new resource estimate for the large Los Filos gold deposit in Mexico’s Guerrero state.Based on 438 holes comprising …
Lending Rates (May 20, 2002)
as of 4 pm ET, May 14, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.47Gold lease…
Mazarin sees revenue grow
The acquisition of a half-interest in the Niobic niobium mine in Quebec enabled Mazarin (MAZ-T) to generate greater revenue in the first quarter of 2002 than in the corresponding period of last year.T…
Gold Funds (May 20, 2002)
Gold Funds as at May 9, 2002Dundee Precious MetalsCentral FundNet Value$22.71$5.80Price$17.57$6.91…
Jean Elizabeth Wegenast
Jean Elizabeth “Zibby” Wegenast, wife of mining engineer and university professor William Wegenast, has died after a battle with Parkinson’s disease. She was 73.Born in Newfoundland, she was the daugh…
GREATEST VALUE TRADED, MAY 8-14
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N45284830.1828.0428.05-1.17…
Spot Prices Wed. May 15, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$307.50-$3.40Silver$ 4.60-$0.02Platinum$537.00+$…