Lending Rates (May 12, 2003)
as of 4 pm ET, May 6, 2003(%)Bank of Canada3.25Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.27U.S. Prime4.25LIBOR US$ 3-month1.29LIBOR US$ 6-month1.26LIBOR US$ 1-year1.30Gold le…
News
BHP Billiton gains foothold in Nunavut diamond plays
Hunter Exploration Group, a private exploration and prospecting firm based in Vancouver, has agreed to sell its minority interest in a couple of promising diamond plays in Nunavut to BHP Billiton (BHP…
Eldorado, Romarco insiders trim holdings
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Aquiline Resources (AQI-V) — Marc Henderson, director, bought 60,000 shares at 21-25 apiece…
Eastmain pumps Clearwater resource (May 12, 2003)
Based on 18 holes (10,000 metres) drilled in the second half of 2002, Eastmain Resources (ER-T) has boosted the resource estimate for its 50%-owned Eau Claire gold project in the James Bay region of Q…
Jacobina moves to feasibility (May 12, 2003)
Vancouver — The rising price of bullion has prompted Desert Sun Mining (DSM-V) to launch a feasibility study of the past-producing Jacobina gold project in northeastern Brazil.A prefeasibility study …
Higher costs take toll on Glamis
Vancouver — Higher production costs at the San Martin mine in Honduras and increased exploration spending resulted in a 40% drop in first-quarter profits for Glamis Gold (GLG-T).The Reno-based miner …
Producer and Dealer Prices (May 12, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$8.75-9.60/lb.Copper: Comex July US$0.724/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Spot Prices Wednesday May 7, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$343.00+7.00Silver$4.76+0.15Platinum$628.00+22.00…
LME Warehouse Levels (May 12, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 6 (change from April 29 in brackets):MetalStock(tonnes)ChangeAluminium1196825(+58…
Exchange Rates (May 12, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 6May 5May 2May 1April 30US$ in C$1.40821.41321.42231.4188…
Broad advance for US miners
The trading period April 30-May 5 was broadly positive for U.S. markets, with the Dow Jones Industrial Average advancing 85.37 points to 8,588.36 and the broader-based Standard & Poor’s 500 index up 1…
Summit leads to workplace policy on AIDS
Among the results of the recent Mining Industry HIV/AIDS Summit near Johannesburg is a resolution that all workplaces in South Africa institute sound policies and programs to deal with AIDS by next ye…