Lending Rates (June 17, 2002)
as of 4 pm ET, June 11, 2002(%)Bank of Canada2.75Canadian Prime4.25U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.89LIBOR US$ 6-month2.03LIBOR US$ 1-year2.51Gold lease 3-month0.39Gold leas…
News
Fort la Corne play takes shape
Saskatchewan is the Rodney Dangerfield of diamond plays: it gets no respect.After a decade of lethargic exploration and mundane results, which were eclipsed by the more exciting discoveries in the Lac…
SouthernEra posts wider loss (June 17, 2002)
Faced with lower diamond production, SouthernEra Resources (SUF-T) has posted a first-quarter net loss totalling $1.4 million.The loss translates into 4 per share and compares with a year-ago loss of…
Making the grade: Diamonds take forever
Finding a kimberlite pipe, the peculiar rock type and formation that hosts most of the world’s significant diamond deposits, is a tall order; finding one that actually contains diamonds, even more so….
Gold bulls bank profits
Vancouver — Canada’s junior exchange lost ground over the report period ended June 11 as investors took profits in junior gold stocks and found renewed interest in diamond explorers. The Standard & P…
Mano turns up diamonds on Kono ground
Following a reconnaissance stream-sediment survey and geological mapping, West African specialist Mano River Resources (MNO-V) has retrieved macrodiamonds from a newly discovered kimberlite dyke in th…
Spot Prices Wed. June 12, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$319.55-$4.95Silver$ 4.88-$0.17Platinum$558.00+$…
Namibian Minerals trims losses as output rises
Although still deep in the red, Namibian Minerals (NMR-T) is making headway at increasing alluvial diamond production off the coast of Namibia.In early 2001, two years after its spectacular debut, the…
Exchange Rates (June 17, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 11June 10June 7June 6June 5US$ in C$1.53821.53801.53231.5325…
Gold Funds (June 17, 2002)
Gold Funds as at June 6, 2002DundeePrecious MetalsCentral FundNet Value$25.34$6.01Price…
LME Warehouse Levels (June 17, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 11 (change from June 4 in brackets):MetalStock (tonnes)ChangeAluminium1181925(+4…
Producer and Dealer Prices (June 17, 2002)
Antimony: Mid-mkt US$1,360/t.Bismuth: Mid-mkt US$3.10/lb.Cadmium: Mid-mkt US$0.25/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.25-7.90/lb.Copper: Comex July US$0.765/lb.Indium: Indi…