Exchange Rates (June 04, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 29May 28May 25May 24May 23US$ in C$1.53731.54531.54521.5473…
News
Mini-bulk sample completed at K252
Encouraged by mini-bulk sample results from kimberlite K252 in north-central Alberta, Ashton Mining of Canada (ACA-T) intends to undertake a preliminary economic analysis before proceeding with the co…
Kazakstan hosts conference
Canada, Australia and Finland head the list of countries expected to participate in KazMin & KazMet 2001, Kazakstan’s seventh conference on mining, exploration and related equipment.About 5,000 visito…
El Zapote drilling set to start in June
Vancouver — Partners Intrepid Minerals (iau-v) and Apex Silver Mines (sil-x) are gearing up for a 2,000-metre drill program targeting the Aldea El Zapote silver-zinc-lead property in El Salvador.”The…
Gold demand sets record
Worldwide demand for gold rose a record 5% between the first quarters of 2000 and 2001.The World Gold Council reports that demand for gold jewelry and personal investment in the world’s 27 leading gol…
More mines, fewer parks
The original idea of a national, state and provincial parks was to set aside an area of outstanding natural beauty and interest, such as Yellowstone National Park in Montana, to be managed and maintai…
Metals hang on to recent gains
During the report period May 21-25, the major metals traded on the London Metal Exchange (LME) held onto gains that had been made in the previous week. In terms of cash price performance, copper was t…
REGULAR DEPARTMENTS (June 04, 2001)
CareersClassifiedCommentaryDrillersEditorialFacts ‘N’ FiguresInvestment CommentaryLetter to the EditorMetal PricesMetals CommentaryProfessional DirectoryStock TablesSubscription Services…
Cumberland gets nod for exploration upside
Despite considerable exploration success at two gold projects in Nunavut, Cumberland Resources (CBD-V) is trading at a 5-year low of 80, down even from its 52-week high of $1.55. Graeme Currie, analy…
Gold rally fizzles (sigh)
Gold bugs had little time to celebrate during the May 23-29 report period, as the mid-May gold rally quickly fizzled after a few exhilarating days. Coming off an earlier peak exceeding US$290 per oz.,…
Silver fabrication demand up in 2000
Demand for products made with silver grew by more than 5% in 2000, according to a survey compiled by London-based Gold Fields Mineral Services and published by the Silver Institute in Washington, D.C….
SouthernEra reduces debt with share issue
The international arm of Rand Merchant Bank has agreed to convert another US$2 million of debt owed by SouthernEra Resources (SUF-T) into shares.RMB International (Dublin) is to receive 1.5 million sh…