Investors demand platinum
The sharp fall in the platinum price between June and August 2001 stimulated strong interest in platinum investment products in both the U.S. and Japan.Sales of platinum coins from the U.S. Mint incre…
News
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…
Queenstake moves Magistral project forward
Vancouver — With construction well under way on its 50% held Magistral project, Queenstake Resources (QRL-T) expects the latest bout of drilling to boost the overall economics of the advanced propert…
Harmony prevails at gold mine
Striking workers have returned to the deep shafts of the Ranfontein gold mine in South Africa after a dispute over an accommodation allowance was resolved by representatives of Harmony Gold Mining and…
Patricia finds more gold in core at Island
A re-assaying program by Patricia Mining (PAT-V) is assessing the bulk-tonnage potential of the Island gold project, northeast of Wawa, Ont.Since February, Patricia has relogged and sampled 24 holes i…
Wardrop, Micon team up
Winnipeg-based Wardrop Engineering has entered into an agreement with another consulting firm, Toronto-based Micon International, to share their clientele.The two firms will be able to offer clients e…
Voisey’s: rumor but no moves
The beginning of the summer construction season in northern Labrador is bringing speculation about a possible solution to the impasse over development of the Voisey’s Bay nickel project, southwest of …
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…
Daily Metal Prices (June 03, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 28May 27May 24May 23May 22Aluminium1336/1357…
Manitoba unveils tax credit for investors
The Manitoba government has introduced a mineral exploration tax credit and renewed two other exploration programs for three years.The tax credit will provide a 10% non-refundable tax credit to person…
Wolfden extends High Lake zones
Wolfden Resources (YWO-V) has begun a $2-million program of drilling and airborne geophysics at its High Lake volcanogenic massive sulphide property in Nunavut’s Bathurst Inlet.Hole 201, the first 40-…