Exchange Rates (April 07, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 1March 31March 28March 27March 26US$ in C$1.47261.46931.4678…
News
The Northern Miner Indices (April 07, 2003)
North American Mining: 65.75 (+1.06)Small Producers: 56.80 (+2.38)(Sept. 30/98 = 100)…
People (April 07, 2003)
Diavik Diamond Mines — President and CEO Philip du Toit resigns.GoldSpring — John F. Cook appointed president; Les Cahan appointed treasurer.Magnum d’Or — Reno Calabrigo appointed pres…
Lending Rates (April 07, 2003)
as of 4 pm ET, Apr. 1, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.28LIBOR US$ 6-month1.23LIBOR US$ 1-year1.28Gold lease 3-m…
Pasminco workers walk off job
Almost 100 workers at the Elura zinc mine in eastern Australia have gone on strike over concerns of lost jobs and benefits if the operation is sold.The mine’s owner, Pasminco, is in talks to sell the …
South African royalty bill raises concerns
A South African bill that would place an 8% royalty on diamonds mined in that country has De Beers questioning the fairness of the proposed legislation.The government acquired all the country’s minera…
Base metals after the fall
After a period of resilience, base metal prices are currently going through a phase of sharp corrections.Aluminum has led the way south on March 27 (minus 6.7% from its recent peak at the end of Febru…
Etruscan overcomes problems
Although it is still behind schedule, the fledgling Tirisano alluvial diamond mine in South Africa appears to have turned the corner.Etruscan Resources (EET-T) advanced Tirisano to production in Novem…
Trading Summary (April 04, 2003)
The S&P/TSX Composite Index shed another 1.65 points to end the week at 6,394.98 on Friday. The golds regained 1.68…
Crystallex under review after earnings restated
Changes to accounting practices at Crystallex International (KRY-T) have obliged the company to restate its earning…
Freeport sweetens redemption price
A tepid reception has prompted Freeport-McMoran Copper & Gold (FCX-N) to spruce up an offer for early redeemption o…
Rubicon hits new high-grade gold at McFinley
Vancouver — Rubicon Minerals (RMX-V) hit a number of new high grade gold intervals at its 100% controlled McFinley…