Exchange Rates (February 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5US$ in C$1.53011.53111.52111.5215…
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Producer and Dealer Prices (February 17, 2003)
Antimony: Mid-mkt US$2,200/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.35-8.00/lb.Copper: Comex Mar US$0.7755/lb.Indium: Indi…
Innovation augurs well for Canadian mining
If I had to pick just one word to describe the Canadian mining industry in recent years, it would be “innovative.” Innovation now defines our industry. In fact, the mining industry spends some $370 mi…
Hatch teams with Newmont
Mississauga, Ont.-based mining engineering and consulting firm Hatch has signed a marketing and technology agreement with Newmont Mining that will see the two companies share pressure-oxidation extrac…
Glamis unloads Cerro San Pedro stake
Glamis Gold (GLG-T) will sell its half interest in the Cerro San Pedro gold-silver project in Mexico to equal partner Metallica Resources (MR-T) for US$18 million.Metallica will pay US$2 million on cl…
Study underscores Sustut’s potential
Vancouver — A new resource estimate enhances the economic potential of the Sustut copper deposit, 65 km north of the Kemess gold-copper mine in north-central British Columbia.Partners Northgate Explo…
De Beers rides crest of diamond sector’s success
Last year proved to be exceptionally successful for De Beers and the diamond industry as a whole.Demand for rough diamonds was strong throughout 2002 as cutting centres responded to the increased dema…
Lending Rates (February 17, 2003)
as of 4 pm ET, Feb.11, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.43Gold lease 3-m…
GREATEST VALUE TRADED, FEB. 5-11
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N58122329.9527.5228.50-1.29…
Daily Metal Prices (February 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5Al Alloy1485/1430…
Bullion bearish on Venture Exchange
Vancouver — A slump in the price of bullion dragged down Canada’s junior exchange over the week ended Feb. 11. The S&P-TSX Venture Exchange composite index shed 35.54 points, or 3.45% of its value, t…
Top head rolls at Barrick
Looks like someone finally had to pay for Barrick Gold’s pitiful share performance over the past year and half: President and CEO Randall Oliphant was briskly frog-marched off the plank by Barrick’s b…