Spot Prices Wed. March 27, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.50+$4.80Silver$ 4.64+$0.12Platinum$516.00+$…
News
PEOPLE (April 01, 2002)
Alcan — Yves Fortier appointed vice-chairman and director.Dofasco — John Mayberry appointed chairman and CEO; Brian MacNeill appointed lead director.Gold Canyon — Samuel Nunnemaker app…
Partners eye Sabara production (April 01, 2002)
Brazilian Resources (YBZ-V) and its operating partner, IMS Empreendimentos, are preparing to mine the former’s wholly owned Sabara gold deposit in the country’s Iron Quadrangle district.The open-pit o…
Northern Miner Indices (April 01, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
US gold producers rise to the occasion
The Dow Jones Industrial Average had an anything-but-average week, shedding 2.7% to finish the March 20-26 period at just over 10,353 points. The Standard & Poor’s 500 was also down an equivalent perc…
Lower-grade Freightrain yields gem-quality stones
Mini-bulk kimberlite samples gathered by Twin Mining (TWG-T) from six sites across the surface expression of the Freightrain prospect at the northern tip of Baffin Island have yielded an assortment of…
Pezim back in Corona fold
West-coast entrepreneur Murray Pezim and Galveston Resources have called off their legal action against International Corona Resources, Royex Gold Mining and related companies.At the same time, Pezim …
East wins Keevil hockey match
The eastern Prospectors All-Stars beat the western Miner Selects 18-14 in the Norm Keevil Memorial Hockey Game, held during the annual convention of the Prospectors & Developers Association of Canada….
LME Warehouse Levels (April 01, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 26 (change from March 19 in brackets):MetalStock (tonnes)ChangeAluminium1021475…
Sherwood does Hope Bay diamond deal
Sherwood Mining (SWD-V) has inked a letter of intent with Miramar Mining (MAE-T) and Hope Bay Gold (HGC-T) to earn up to a 70% interest in any diamondiferous bodies discovered on the 80-km-long…
Lending Rates (April 01, 2002)
as of 4 pm ET, Mar. 26, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.05LIBOR US$ 6-month2.38LIBOR US$ 1-year3.08Gold lease 3-month0.54Gold leas…
Exchange Rates (April 01, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 26March 25March 22March 21March 20US$ in C$1.59211.58521.5767…