Spot Prices Wed. April 10, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$298.70-$6.25Silver$ 4.56-$0.14Platinum$526.00-$…
Articles by Northern Miner Staff
Cyanide code for gold mining
The global mining industry has agreed upon a code for the management of cyanide at gold operations. The International Cyanide Code for Gold Mining is based on discussions among industry representative…
Drilling expands La Fortuna (April 15, 2002)
Drilling on Metallica Resources’ (MR-T) El Morro copper-gold project in Chile has extended the main La Fortuna deposit north and northwest.Hole 30 cut 111 metres (from 184 metres below surface) of sec…
Guyana pursues placement
Guyana Goldfields (YGI-V) will attempt to raise $400,000 by way of a brokered private placement.The placement comprises 1 million units priced at 40 each. A unit consists of a share and half a warran…
Lending Rates (April 15, 2002)
as of 4 pm ET, Apr. 9, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.97LIBOR US$ 6-month2.23LIBOR US$ 1-year2.97Gold lease 3-month0.48Gold lease…
Eastfield bullish on Lorraine
Vancouver — Eastfield Resources (ETF-V) has tabled encouraging results from two more holes drilled on the Lorraine copper-gold property near Prince George, B.C.The latest bout of drilling was aimed a…
TSE Shorts (April 15, 2002)
Short positions outstanding at March 31, 2002Larger individual positions includeAgnico-Eagle 4,206,836 up 1,024,854; Alcan 839,999 down 529,538; Ashton Mining 779,428 up 287,918;…
Sultan confirms continuity at Kena (April 15, 2002)
Vancouver — Drilling by Sultan Minerals (SUL-V) at the Kena property in southeastern British Columbia has confirmed the presence of high-grade mineralization in the Gold Mountain zone.The program con…
De Beers denies hidden agenda
De Beers is defending itself against allegations of monopolistic behaviour toward a black empowerment group.The major’s relationship with New Diamond Corp. (NDC) came into question after the Johannesb…
LME Warehouse Levels (April 15, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 9 (change from April 2 in brackets):MetalStock (tonnes)ChangeAluminium1042825(+…
AIM steps up marketing drive in Canada
Fresh from a marketing coup in Australia, representatives of the London Stock Exchange’s Alternative Investment Market (AIM) are wooing Canadian juniors that might benefit from a London listing.AIM is…
MOST ACTIVE ISSUES, APRIL 3 – APRIL 9
ExchgVol(000s)HighLowCloseChangeAlcoa*N1677938.1536.0537.38-0.53…