Exchange Rates (January 28, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 22Jan. 21Jan. 18Jan. 17Jan. 16US$ in C$1.60831.61281.61321.6…
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Gold Funds (January 28, 2002)
Gold Funds as of January 17, 2002DundeePrecious MetalsCentral FundNet Value$15.66$5.72Price…
The Northern Miner — Small Producers Index (January 28, 2002)
59.38 (+4.17)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (January 28, 2002)
70.95 (-5.66)(Sept. 30/98 = 100)…
Correction (January 28, 2002)
In our article of Jan. 7, we stated Wolfden Resources (YWO-V) had raised $2 million from a placement of 571,430 flow-through shares at 35 per share. The correct figure is $200,000.We also referred to…
PEOPLE (January 28, 2002)
Twin Mining — Hendrik Visagie appointed consultant.Plexmar — Marius Lessard appointed chairman of the board.Nevada Pacific — Richard Barclay appointed director.
News – 28-JAN-02
Staying the course
In September 1999, two well-respected consulting firms, Strathcona Mineral Services and Roscoe Postle Associates, were hired by the local unions representing workers at the Pamour operation in Timmins…
Iamgold adopts gold policy
Believing gold to be significantly undervalued, junior producer Iamgold (IMG-T) has adopted a policy of holding its discretionary cash in the form of gold bullion.The company, which holds non-operatin…
GFMS sees some upside in gold price
The gold industry’s chief gatherer of supply-and-demand data, London-based Gold Fields Mineral Services, saw a fairly stable gold market in 2001 and is forecasting a slightly better year ahead for the…
Granny Smith: community builder
In various ways, Placer Dome is contributing to the community surrounding the Granny Smith mine in Western Australia.For the past four years, the mine has been providing air transit to a group of stud…
Trading Summary (January 25, 2002)
The Toronto Stock Exchange ended the week at 7,659.3 with a modest 1.71-point gain on Friday. The gold issues led t…