Lending Rates (May 20, 2002)
as of 4 pm ET, May 14, 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-month0.47Gold lease…
News
Gold Funds (May 20, 2002)
Gold Funds as at May 9, 2002Dundee Precious MetalsCentral FundNet Value$22.71$5.80Price$17.57$6.91…
El Sauzal poised to benefit from Glamis-Francisco merger
The proposed merger between Francisco Gold (FGX-V) and Glamis Gold (GLG-T), now set for mid-June, will provide the latter with some promising development projects.Under the binding offer, which has be…
Partners cut West zone gold (May 20, 2002)
Reverse-circulation drilling by partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) has cut “significant gold mineralization” at the West zone on the Tulawaka project, 160 km southwest of Mwanz…
Exchange Rates (May 20, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 14May 13May 10May 9May 8US$ in C$1.55861.55831.5576…
Producer and Dealer Prices (May 20, 2002)
Antimony: Mid-mkt US$1,250/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$7.45-8.85/lb.Copper: Comex May US$0.7450/lb.Indium: Indi…
Canadian Stock Exchange Indices (May 20, 2002)
DateMay 14May 13May 10May 9May 8HighLowTSX Composite7716.917661.407596.067632.267707.82…
Wheaton arranges financing
To help finance the US$75-million purchase of Minas Luismin, a Mexican gold-silver producer, Wheaton River Minerals (WRM-T) has arranged a brokered private placement comprising 82 million special warr…
Anooraq inks Amplats deal in Bushveld
Vancouver — It used to be that only the powerful South African majors had any hope of holding ground in the Bushveld igneous complex, home to 80% of the world’s known resources of platinum group meta…
Junk science takes many forms
The United States Department of Energy recently got a memo back from its Inspector-General, the internal auditor charged with making sure taxpayers’ money is spent sensibly. Like his counterparts in m…
The legend of ‘Pass da h’axe’
Many and varied are the tales that have sprung up from the fabulous Canadian North. This savage untamed, beautiful but cruel hinterland has attracted men with personalities as diverse as their backgro…
Canada’s mineral output at near record levels
The value of Canadian mineral production reached $83.8 billion in 2001, only slightly less than in the previous year, according to Natural Resources Canada.The high value is mostly due to strength in …