The Northern Miner — North American Mining Index (July 30, 2001)
71.36 (+1.42)(Sept. 30/98 = 100)…
News
The Northern Miner — Small Producers Index (July 30, 2001)
48.28 (-1.71)(Sept. 30/98 = 100)…
Gold Funds (July 30, 2001)
Gold Funds as of July 19, 2001Dundee Precious MetalsCentral FundNet Value$13.64$5.21Price$9.75$4.70…
PEOPLE (July 30, 2001)
Elkhorn — Robert Trenaman appointed director.National Gold — Chester Millar, Albert Matter and James McDonald appointed directors.Plexmar — Louis Lessard appointed director.
El Peon keeps Meridian in black without hedging
With second-quarter net income of US$10 million on revenue of US$27.8 million, Meridian Gold (MNG-T) has proved that real money can be made in the gold business without hedging. Much of the credit bel…
IMA readies Peruvian gold prospect for drilling
While constructing pads for an upcoming drill program, IMA Exploration (IMR-V) uncovered a new gold showing at its Rio Tabaconas project (formerly known as Tamborapa) in northern Peru.The outcrop yiel…
US becoming reliant on imported minerals
The U.S. Geological Survey (USGS) has long been an anomaly in the Department of the Interior, particularly in the bad old days when Bruce Babbitt ruled the department with a mean green fist. The notio…
Newfoundland backs new enterprises
AUGUST 1951Under the driving force of Premier Joseph Smallwood, the Newfoundland government is pushing a program designed to broaden the provincial economy. The campaign largely revolves around promot…
Disc cutter under development
The Brisbane Australia-based Cooperative Research Centre for Mining Equipment and Technology has teamed up Terratec Asia Pacfic of Tasmania to develop an oscillating disc cutter (ODC).Toward that end,…
Demand for gold rises
The first quarter of 2001 saw further healthy growth in gold demand.Demand for gold jewelry and personal investment in the 27 leading gold-consuming countries rose to 826 tonnes, which is 5% higher th…
Pan Am Silver deals Huaron
Pan American Silver (PAA-T) has optioned a portion of its Huaron property in Peru’s Cerro de Pasco district to South African major Anglo American (AAUK-Q).The agreement covers 30,000 ha of the norther…
Producer and Dealer Prices (July 30, 2001)
Antimony: Mid-mkt US$1,070/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.20-9.80/lb.Copper: Comex Sept. US$0.6855/lb.Indium: In…