Daily Metal Prices (December 23, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11Al Alloy1360/134…
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Northern Miner Indices (December 23, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Golds show life signs
U.S. markets moved sideways over the reporting period Dec. 11-17, but the mining stocks, particularly the golds, ran up substantially. The Dow, which fell 38.87 points to 8,535.39, was down slightly, …
Gold in luxury goods
AngloGold, South Africa’s largest gold producer, is urging the luxury goods sector not to discount gold in the fight for discretionary spending, which in the U.S. accounts for US$174 billion.Speaking …
Indian miners return to work
Thousands of miners in the northwestern Indian state of Rajasthan were allowed back to work after a court lifted a ban on mining operations there.The government had suspended operations in more than 6…
TSE crawls higher as gold breaks US$330 per oz.
The Toronto Stock Exchange composite index began the Dec. 11-17 report period on an upswing, peaked, then crashed as skittish investors counted their blessings and ran for the hills. Still, the index …
Book Review: ‘Why Mining?’ takes a populist approach
DONALD WORTH – Why Mining?David McKay was born and raised near mines in British Columbia’s interior, where his grandfather ran a small placer operation. Nevertheless, he enrolled in civil engineering …
Canadian Stock Exchange Indices (December 23, 2002)
DateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11HighLowTSX Composite6621.52…
Spot Prices Wed. December 18, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$337.05+13.30Silver$4.62-0.01Platinum$598.00+3.00…
Lending Rates (December 23, 2002)
as of 4 pm ET, Sept. 10, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.42LIBOR US$ 1-year1.56Gold lease 3-month0.26Gold lea…
Producer and Dealer Prices (December 23, 2002)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.70/lb.Copper: Comex Mar US$0.732/lb.
Gold glitters on junior exchange (December 23, 2002)
Vancouver — Gold issues helped Canada’s junior exchange break the 1,000 mark on the S&P composite index over the week ended Dec. 17. The Venture Exchange index rocketed 35.56 points, or 3.68% of its …