Lending Rates (May 06, 2002)
as of 4 pm ET, April 30, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.92LIBOR US$ 6-month2.12LIBOR US$ 1-year2.63Gold lease 3-month0.37Gold lea…
News
The Northern Miner — North American Mining Index (May 06, 2002)
84.52 (-0.98)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (May 06, 2002)
84.05 (+4.83)(Sept. 30/98 = 100)…
Gold Funds (May 06, 2002)
Gold Funds as at April 25, 2002Dundee Precious MetalsCentral FundNet Value$21.55$5.77Price$15.95$6.00…
Wheaton River gains Mexican foothold
After spending the better part of a year raising cash and disposing of certain development properties, the revamped management team of Wheaton River Minerals (WRM-T) has struck a deal to buy the minin…
Falco starts year in the black
Higher production, lower costs and rebounding metal prices translated into a better-than-expected first quarter for Falconbridge (FL-T).The major earned $20.4 million (or 10 per basic and fully dilut…
Philex sees more signs of a second porphyry (May 06, 2002)
Vancouver — As impressive drill results keep rolling in from the Boyongan copper-gold prospect in the Philippines, reconnaissance drilling to the south continues to yield indicators of a second miner…
Correction (May 06, 2002)
In our April 22-28 issue, we reported Pacific Minerals (PMZ-V) collected 492 underground channel samples, which so far had averaged 0.29 gram platinum group metals and 0.4 gram gold per tonne.Of the 4…
Gold could go higher
The gold price could reach higher levels in 2002, should the market continue to benefit from further investment demand and drops in producer hedging. These two factors were the main reasons gold turne…
Bloom commentary misses mark
Lynda Bloom’s commentary, Fusion key step in fire assaying for PGEs (T.N.M., Feb. 25-March 3/02), is plagiarism at its worst.Bloom is brazen enough to start her article with “Fire assay is the preferr…
Flin Flon hosts conference
The Mid Canada Mining Conference, slated for May 12-15 in Flin Flon, Man., will showcase Hudson Bay Mining & Smelting’s 777 projects, with additional technical papers on uranium, nickel, gold and diam…
Starfield confirms PGMs
Vancouver — Starfield Resources (SRU-V) has confirmed assays for a high-grade palladium-platinum and rhodium intersection in drill hole 101, which was reported last year.The high-grade interval was h…