Spot Prices Wed. August 1, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.70-$1.55Silver$ 4.24-$0.02Platinum$470.00-$…
News
LME Warehouse Levels (August 06, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 31/01 (change from July 24 in brackets):MetalStock (tonnes)ChangeAluminium648800…
Teck’s profit hit by lower prices
A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…
Cukurdere zone expanded
The latest results from reverse-circulation (RC) drilling at the Cukurdere project in central Turkey have confirmed previous values.Partners Anatolia Minerals Development (YMC.U-V) and Rio Tinto (RTP-…
Exchange Rates (August 06, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 31July 30July 27July 26July 25US$ in C$1.53031.53021.53461.5…
Gold Funds (August 06, 2001)
Gold Funds as of July 26, 2001Dundee Precious MetalsCentral FundNet Value$13.05$5.14Price$9.35$4.70…
Producer and Dealer Prices (August 06, 2001)
Antimony: Mid-mkt US$1,030/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-9.80/lb.Copper: Comex Sept. US$0.6825/lb.Indium: In…
Staff Investment Policy (August 06, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Richmont bleeds red ink
Vancouver — Yet another junior producer feeling the pinch of historically low gold prices is Richmont Mines (RIC-T), which posted a loss of $4.35 million (or 29 per share) in the quarter ended June …
New offer could avert strike in South Africa
Harmony Gold and Goldfields have presented the National Union of Mineworkers (NUM) with a new offer in hopes of averting a strike at the companies’ South African mines, which employ about 50,000 worke…
Placer bucks trend, posts profit
Vancouver — A strong second quarter augurs well for Placer Dome (PDG-T) as the company sets about developing various deposits to replace its aging mines.The major cranked out 747,000 oz. gold during …
Argosy inks major deal with Noril’sk
Just days before its rights to the Nakety and Bogota nickel-cobalt concessions in the French Pacific territory of New Caledonia were set to expire, Argosy Minerals (AGY-V) announced it had brought Rus…