Unassayable in Arizona
“A gold mine is a hole in ground with a liar on top.”These words, usually attributed to Mark Twain, sum up the experience of many investors who have lost money in dubious mining projects.In Arizona, m…
News
No nod for Zod
An independent review has reduced reserves at the Zod gold project in Armenia, leading First Dynasty Mines (FDM-T) to defer production until the project is privatized.Zod is held equally by First Dyna…
United they stand . . .
The United Nations and the radical chic who crowd its once-hallowed halls are experiencing the best and worst of times. U.N. policies are being embraced by most developed nations, and supporters are e…
News – 06-AUG-01
Magnola running at limited capacity
Ongoing technical problems at Noranda’s (NRD-T) new Magnola plant in Quebec’s Eastern Twps. are starting to make the project look like the Murrin Murrin of magnesium.The innovative plant is the first …
Drilling boosts Tambor
Bulk-tonnage potential is indicated by results from the first four reverse-circulation (RC) holes drilled on one of three targets to be tested at the Tambor gold property in central Guatemala.While dr…
Staff Investment Policy (August 06, 2001)
The Northern Miner does not permit any editorial employee to file stories about companies in which the writer owns shares. Editorial employees are also not permitted to take part in initial public off…
Producer and Dealer Prices (August 06, 2001)
Antimony: Mid-mkt US$1,030/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.00-9.80/lb.Copper: Comex Sept. US$0.6825/lb.Indium: In…
Gold Funds (August 06, 2001)
Gold Funds as of July 26, 2001Dundee Precious MetalsCentral FundNet Value$13.05$5.14Price$9.35$4.70…
Exchange Rates (August 06, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 31July 30July 27July 26July 25US$ in C$1.53031.53021.53461.5…
LME Warehouse Levels (August 06, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 31/01 (change from July 24 in brackets):MetalStock (tonnes)ChangeAluminium648800…
Spot Prices Wed. August 1, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.70-$1.55Silver$ 4.24-$0.02Platinum$470.00-$…