Exchange Rates (January 21, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9US$ in C$1.58971.59711.59721.60…
News
Base metals slump as golds soar
Retreating base metal prices dragged producers down with them over the Jan. 9-15 report period, erasing gains made in the previous week.Rio Tinto slumped $3.69 to US$76.81; Phelps Dodge flopped $1.34 …
LME WHSE LEVELS (January 21, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 15 (change from Jan. 8 in brackets):MetalStock (tonnes)ChangeAluminium834500(+10…
Lending Rates (January 21, 2002)
As of 4 pm, Jan. 15, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.72LIBOR US$ 6-month1.80LIBOR US$ 1-year2.5Gold lease 3-month0.7339Gold lease…
Northern Miner Indices (January 21, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
Canadian Stock Exchange Indices (January 21, 2002)
DateJan. 15Jan. 14Jan. 11Jan. 10Jan. 9HighLowTSE 3007643.907623.287701.937722.387775.78…
Producer and Dealer Prices (January 21, 2002)
Antimony: Mid-mkt US$1,080/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$6.79-8.50/lb.Copper: Comex Mar. US$0.—-/lb.Indium: Ind…
Hope Bay partners increase resource (January 21, 2002)
Joint-venture partners Hope Bay Gold (HGC-T) and Miramar Mining (MAE-T) have updated the resource estimate on their Hope Bay project in western Nunavut, following drill programs through 2001. The new …
Ford takes writedown on PGM stockpile
Ford, the world’s second-largest automaker, has taken a US$1-billion writedown on its inventory of platinum group metals used in catalytic converters. The measure is part of an overall US$5.7-billion …
CDNX bucks the downward trend
Vancouver — Canada’s junior exchange bucked the trend set by the major bourses and posted modest gains during the week ended Jan. 15. The Standard & Poor’s-CDNX composite tacked on 3.79 points, or 0….
AngloGold extends bid to sway more shareholders
Unwilling to concede defeat, AngloGold (AU-N) is extending the expiry date of its takeover offer for Normandy Mining (NDY-T) as U.S. and Australian regulators give the go-ahead to rival suitor Newmont…
Correction (January 21, 2002)
In our Jan. 14-20 issue, we reported Valerie Gold had bought 5.3 million shares of Sultan Minerals, 5.1 million shares of Emgold Mining and 3.2 million shares of Cream Minerals. These are actually the…