News
Producer and Dealer Prices (February 04, 2002)
Antimony: Mid-mkt US$1,090/t.Bismuth: Mid-mkt US$3.25/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.95-7.60/lb.Copper: Comex Mar. US$0.699/lb.
CDNX keeps the faith
Vancouver — Canada’s junior exchange fared better than the major bourses, closing the period Jan. 23-29 in the black. The Standard & Poor’s-CDNX composite index tacked on 17.41 points, or 1.5%, to fi…
MOST ACTIVE ISSUES, JANUARY 23-29
ExchgVol(000s)HighLowCloseChangeAlcoa*N1800236.4434.6034.76+0.81…
Spot Prices Wed. January 30, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$280.95-$0.65Silver$ 4.30 $0.00Platinum$457.00-$…
LME Warehouse Levels (February 04, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 29 (change from Jan. 22 in brackets):MetalStock (tonnes)ChangeAluminium849775(+1…
Lending Rates (February 04, 2002)
as of 4 pm ET, Jan. 29, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25…
Namco shareholders approve restructuring
Junior marine diamond miner Namibian Minerals (NMR-T) plans to raise US$10 million in debt financing as part of a restructuring effort.In early 2001, Namibian was forced into provisional liquidation a…
US indicators surpass expectations
Metals prices traded in buoyant fashion for most of the report period Jan. 21-25, feeding off unexpectedly good economic data and strong technical indicators. Weakness crept in late on Jan. 25, pushin…
Meadowbank’s economics get rosier
With estimated resources up about 50% over those reported in an April 2000 prefeasibility study, Cumberland Resources (CBD-T) is understandably bullish about its Meadowbank gold project, 70 km north o…
Lihir Gold expands namesake mine
A review of the resource model by Australia’s Lihir Gold (LIHRY-Q) has upped reserves by 25% at the company’s namesake mine on Lihir Island, northeast of mainland Papua New Guinea.The island, a volcan…
Gold not going anywhere
I feel an urge to comment on Paul van Eeden’s essay “Making sense of the gold price” (T.N.M., Jan. 14-20/02). I am 80 years of age, having followed the gold and silver markets since the 1950s. Van Eed…