BC legislation targets exploration sector
Several amendments to British Columbia’s Mines Act and Mineral Tenure Act have been introduced under Bill 54. The changes are designed to clarify land rights and make it easier for companies for explo…
News
Radius targets bonanza veins at Guatemalan prospect
Chiquimula, Guatemala — Zeroing in on a major regional crustal feature that offers a favourable setting for hosting large epithermal-type gold deposits, the geological team of Radius Explorations (RD…
Placer, Kinross join forces in Timmins camp
One of Ontario’s oldest mining districts is getting ready for a facelift.Kinross Gold (K-T) and Placer Dome (PDG-T) have signed a letter of understanding to form a joint venture that would combine the…
Silver plays ignite despite low prices
The excitement in the gold market appears to spilling over into silver plays, even though the silver price remains well below US$5 per oz.Several would-be silver producers have announced multi-million…
Altius leads exploration play in central Newfoundland
The cry “There’s gold in them thar hills” may be a cliche, but it sums up the feeling in the Botwood Basin area of central Newfoundland, where a staking rush is under way. Most of it is gold-centred.T…
Spot Prices Wed. May 22, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$318.25+$10.75Silver$ 4.82+$0.22Platinum$541.00+…
LME Warehouse Levels (May 27, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 21 (change from May 14 in brackets):MetalStock(tonnes)ChangeAluminium1145650(+140…
GREATEST VALUE TRADED, MAY 15-21
ExchgVal($000s)HighLowCloseChangeAurado ExplT101820.420.230.39+0.18…
PEOPLE (May 27, 2002)
Allican — Denis Lampron appointed director and VP finance; Pierre Ouellet and Daniel Kerouac appointed directors.Aquiline — John Sutherland and David Constable appointed directors.Canabrava…
Lending Rates (May 27, 2002)
as of 4 pm ET, May 21, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.08LIBOR US$ 1-year2.63Gold lease 3-month0.35Gold lease…
Exchange Rates (May 27, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 21May 20May 17May 16May 15US$ in C$1.5382Holiday1.54241.5546…
The Northern Miner — Small Producers Index (May 27, 2002)
91.88 (+7.38)(Sept. 30/98 = 100)…