SouthernEra posts wider loss (June 17, 2002)
Faced with lower diamond production, SouthernEra Resources (SUF-T) has posted a first-quarter net loss totalling $1.4 million.The loss translates into 4 per share and compares with a year-ago loss of…
News
Spot Prices Wed. June 12, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$319.55-$4.95Silver$ 4.88-$0.17Platinum$558.00+$…
Exchange Rates (June 17, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 11June 10June 7June 6June 5US$ in C$1.53821.53801.53231.5325…
Namibian Minerals trims losses as output rises
Although still deep in the red, Namibian Minerals (NMR-T) is making headway at increasing alluvial diamond production off the coast of Namibia.In early 2001, two years after its spectacular debut, the…
LME Warehouse Levels (June 17, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 11 (change from June 4 in brackets):MetalStock (tonnes)ChangeAluminium1181925(+4…
Producer and Dealer Prices (June 17, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-7.90/lb.Copper: Comex July US$0.765/lb.Indium: Indi…
MOST ACTIVE ISSUES, JUNE 5-11
ExchgVol(000s)HighLowCloseChangeKinross GoldT776514.173.003.58-0.60…
Falco fined for foul effluent (June 17, 2002)
Falconbridge has been fined $16,000 by the Ontario Court of Justice after pleading guilty to four counts of failing to comply with the Environmental Protection Act.The charges stem from the discharge …
Dumont nixes work at Attawapiskat
Dumont Nickel (DNI-V) has suspended exploration drilling on its 235-sq.-km land package in the Attawapiskat region of northern Ontario after failing to encounter any kimberlite in the first two target…
Diamond Fields posts earnings (June 17, 2002)
During the quarter ended March 31, Diamond Fields International (DFI-T) reported net income for the first time.The company earned $69,912 for the 3-month period, compared with a net loss of $1.1 milli…
Manitoba kimberlites prove elusive
Vancouver — A 1999 report by the Manitoba Geological Survey which showed that the province is geologically prospective for hosting diamond occurrences sparked a staking rush in the Superior craton. H…
Mineral output climbs
The value of production for the Canadian mineral industry, excluding oil and gas but including coal, increased to $19.84 billion in 2000, up $1.13 billion, or 6.7%, from 1999.Metal mining accounted fo…