Strike set at Holt
At presstime, the existing contract for 140 workers at the Holt-McDermott gold mine in Kirkland Lake, Ont., was about to expire and the United Steelworkers local 6409 was preparing to hold a strike vo…
News
Inmet, LionOre score WA discoveries
Inmet Mining (INM-T) has discovered a high-grade zinc-copper massive sulphide deposit in the Northeastern Goldfields region of Western Australia, the same area where LionOre Mining International (lim-…
Thundelarra sets sights on Western Australia
Exploration in Australia is at its lowest level in two decades, but this belies the country’s geological potential, Robert Champion de Crespigny told delegates attending the annual convention of the P…
CDNX moves moderately higher
Vancouver — Canada’s junior exchange managed to post a modest gain over the week ended March 26. The Standard & Poor’s-CDNX composite index added 6.47 points, or 0.5%, to close at 1164.77.After more …
The Northern Miner – Small Producers Index (April 01, 2002)
76.60 (+4.21)(Sept. 30/98 = 100)…
The Northern Miner – North American Mining Index (April 01, 2002)
82.65 (+1.28)(Sept. 30/98 = 100)…
Gold Funds (April 01, 2002)
Gold Funds as of March 21 2002Dundee Precious MetalsCentral FundNet Value$19.27$5.66Price$14.12$5.75…
Exchange Rates (April 01, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 26March 25March 22March 21March 20US$ in C$1.59211.58521.5767…
Lending Rates (April 01, 2002)
as of 4 pm ET, Mar. 26, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month2.05LIBOR US$ 6-month2.38LIBOR US$ 1-year3.08Gold lease 3-month0.54Gold leas…
LME Warehouse Levels (April 01, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 26 (change from March 19 in brackets):MetalStock (tonnes)ChangeAluminium1021475…
US gold producers rise to the occasion
The Dow Jones Industrial Average had an anything-but-average week, shedding 2.7% to finish the March 20-26 period at just over 10,353 points. The Standard & Poor’s 500 was also down an equivalent perc…
Northern Miner Indices (April 01, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…