Spot Prices Wed. April 4, 2001Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$259.20-$2.00Silver$ 4.33-$0.10Platinum$582.00+$…
News
LME Warehouse Levels (April 09, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 3/01 (change from March 27 in brackets):MetalStock (tonnes)ChangeAluminium467225…
Gold Funds (April 09, 2001)
Gold Funds as of March 29, 2001Dundee Precious MetalsCentral FundNet Value$11.64$5.27Price$6.90$4.71…
Exchange Rates (April 09, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 3April 2March 30March 29March 28US$ in C$1.57891.57491.5774…
Novagold eyes Donlin deposit
Vancouver — Junior Novagold Resources (NRI-T) has inked a deal with Placer Dome (PDG-T) to earn a majority interest in the 13-million-oz. Donlin Creek gold deposit in southwestern Alaska.”Our strateg…
Silver Standard picks up mine
Vancouver — Silver Standard Resources (SSO-V) plans to move ahead with the purchase of Kinross Gold’s (K-T) past-producing Candelaria silver mine in western Nevada.The junior will pay $100,000 and is…
Vista writes down asset
Denver — Low gold prices have forced Vista Gold (VGZ-X) to write down the value of the Amayapampa property in Bolivia, resulting in a net loss for the year of US$13.2 million (or 15 per share).The l…
Ashton keen on testing K252 pipe in Alberta
Ashton Mining of Canada (ACA-T) has extracted a second mini-bulk drill sample, weighing 20 tonnes, from the K252 kimberlite on the Buffalo Hills joint-venture property in north-central Alberta.The wor…
Producer and Dealer Prices (April 09, 2001)
Antimony: Mid-mkt US$1,320/t.Bismuth: Mid-mkt US$4.05/lb.Cadmium: Mid-mkt US$0.22/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$12.90-14.00/lb.Copper: Comex May US$0.766/lb.Indium: Ind…
Staff Investment Policy (April 09, 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…
Turning point may be in sight
The report period March 26-30 saw metal prices decline further. The copper market registered its disappointment at the scale of Phelps Dodge’s long-awaited production cuts by sending the London Metal …
Herald Res. drills Indonesian property
Australian-listed Herald Resources is resuming drilling at the Dairi zinc-lead project in North Sumatra, Indonesia.The program will be attempt to expand the Anjing Hitam zone, which hosts an independe…