Lending Rates (May 27, 2002)
as of 4 pm ET, May 21, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.35Gold lease…
News
The Northern Miner — Small Producers Index (May 27, 2002)
91.88 (+7.38)(Sept. 30/98 = 100)…
Claude cuts gold at Currie Rose in Saskatchewan
Claude Resources (CRJ-T) has cut a new zone of gold mineralization on the Currie Rose property, near the company’s Seabee mine in the La Ronge district of northeastern Saskatchewan.In the winter, Clau…
Producer and Dealer Prices (May 27, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$8.35-9.25/lb.Copper: Comex July US$0.7275/lb.Indium: Ind…
Canadian Stock Exchange Indices (May 27, 2002)
DateMay 21May 20May 17May 16May 15HighLowTSX Composite7688.31Holiday7727.037738.117706.
Golds up in weaker US market
Generally gloomy economic news and weakness in the “new-economy” stocks brought the U.S. stock markets down over the report period May 15-21. The broadly based Standard & Poor’s 500 index fell 17.4 po…
Gold stocks shine as yellow metal rallies
The holiday-shortened report period of May 15-21 clipped 28.6 points off the S&P/TSX composite index, leaving it with a finish of 7,688.31.Gold led the precious metals in a rally not seen in some time…
Pan American combines with Corner Bay in all-share deal
With its eye on the 117-million-oz. Alamo Dorado silver resource in northern Mexico, Pan American Silver (PAA-T) has entered into a preliminary agreement to acquire all the outstanding shares of Corne…
Newmont unfazed by first-quarter loss
Despite a lacklustre start, Newmont Mining (NEM-T) expects it will soon be reaping the rewards of its recent acquisitions of Normandy Mining (NDY-T) and Franco-Nevada Mining.Newmont lost US$10.9 milli…
Half a crusade
The state of New York and the investment firm Merrill Lynch have jointly announced the terms of a settlement in the state’s investigation into conflicts of interest in Merrill’s rating of stocks. The …
Canada, S. Africa sign pacts
Natural Resources Minister Herbert Dhaliwal has signed two agreements with his South African counterpart, Phumzile Mlambo-Ngcuka, to increase co-operation in research and activities linked to sustaina…
Auto sector drives platinum demand
Demand and prices for platinum will remain firm, but the outlook for palladium is less positive, according to Platinum 2002, an annual report published by London-based Johnson Matthey.Demand for plati…