Gold Funds (February 04, 2002)
Gold Funds as of January 24, 2002Dundee Precious MetalsCentral FundNet Value$15.69$5.48Price$10.35$5.42…
News
Dare to look up
The opening month of 2002 provided a few signs that the mineral exploration business may at last be turning a corner.This year’s Cordilleran Roundup in Vancouver was the most successful in years, with…
Producer and Dealer Prices (February 04, 2002)
Antimony: Mid-mkt US$1,090/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.60/lb.Copper: Comex Mar. US$0.699/lb.
The Northern Miner — North American Mining Index (February 04, 2002)
72.65 (+1.70)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (February 04, 2002)
62.06 (+2.68)(Sept. 30/98 = 100)…
Exchange Rates (February 04, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 29Jan. 28Jan. 25Jan. 24Jan. 16US$ in C$1.59041.61251.60791.6…
Gold not going anywhere
I feel an urge to comment on Paul van Eeden’s essay “Making sense of the gold price” (T.N.M., Jan. 14-20/02). I am 80 years of age, having followed the gold and silver markets since the 1950s. Van Eed…
Ashanti restructures debt as operations improve
Ghanaian gold miner Ashanti Goldfields (AHD.U-T) took another step out of the wilderness as a committee of its lenders agreed to a scheme to turn US$219 million of debt maturing in March into shares a…
Canada to overtake South Africa in diamond value
Within the next few years, as the Diavik and Snap Lake diamond projects come on-stream and join the already producing Ekati diamond mine, Canada will account for 10-15% of the world’s annual diamond p…
News – 04-FEB-02
Bell Allard workers ratify 3-year agreement
Workers at Noranda’s Bell Allard zinc mine in Matagami, Que., have voted 80% in favour of a 3-year collective agreement. The previous contract expired in November 2001.The new agreement includes a wag…
Solitario cuts PGM mineralization at Pedra Branca in Brazil
Vancouver — Solitario Resources (SLR-T) has intersected additional platinum-palladium mineralization on two prospects at its Pedra Branca project in Brazil.Significant mineralization was intersected …