Lending Rates (April 08, 2002)
as of 4 pm ET, Apr. 2, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.04LIBOR US$ 6-month2.36LIBOR US$ 1-year3.06Gold lease 3-month0.54G…
News
The Northern Miner — North American Mining Index (April 08, 2002)
86.32 (+3.67)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (April 08, 2002)
84.11 (+7.51)(Sept. 30/98 = 100)…
Learning from Musselwhite
The Musselwhite gold deposit in northwestern Ontario is on land belonging to First Nations. Dealing with the development concerns of First Nations created an additional challenge for Placer Dome beyon…
Gold Funds (April 08, 2002)
April 1, 2002March 28 2002Dundee Precious MetalsCentral FundNet Value$20.99$5.88Price…
Newmont drops stake in Lihir for US$84m
In a surprise move, Denver-based Newmont Mining (NEM-N) has sold its 9.7% equity holding in Papua New Guinea miner Lihir Gold (LIHRY-Q) via a block trade to Australian-based Macquarie Equity Capital M…
Prominent Hill’s centre proves barren
Only months after reporting a copper-gold intercept that rivaled the Olympic Dam discovery holes a quarter-century ago, Minotaur Resources has received mixed results from follow-up drilling on the Pro…
Mining matters in Nunavut
The weather reports say that it’s minus 42 in Cambridge Bay, but that won’t keep Patricia Dillon and Patricia Meyer from teaching mining to students in chilly, far-northern Nunavut.Both women are par…
OGS uncovers prospective anomalies
A lake sediment survey in the English River-Graham-Wawang Lake area, northwest of Thunder Bay, Ont., has identified areas with elevated concentrations of platinum, palladium and rare earth elements.Th…
Crystallex advances La Victoria (April 08, 2002)
Vancouver — Diamond drilling by Crystallex International (KRY-T) has intersected a high-grade gold shoot at the La Victoria deposit in Venezuela.The drilling was designed to upgrade the reserves and …
BC changes claim law
Two government announcements in western Canada signal a better climate for exploration, says Al Gourley, a director of the Prospectors & Developers Association of Canada.In British Columbia, the gover…
WGC studies future gold trends Musselwhite
A study by the World Gold Council (WGC) is designed to predict the state of the gold market 3-5 years hence, the objective being to “increase the value” of the commodity.The study, which will outline …