Exchange Rates (July 09, 2001)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 3July 2June 29June 28June 27US$ in C$1.5124Holiday1.51771.52…
News
Study shows gold’s importance
Gold production is giving a major boost to the economic development of several Latin American countries, according to a report published by the World Gold Council.Latin American nations produced about…
Making money in commodities
We learn from the wire services that the Johns Manville Personal Injury Settlement Trust, a fund set up after the 1982 bankruptcy of that departed asbestos manufacturer, has abandoned a lawsuit agains…
X-Cal, Kinross extend deal Prairie Creek
A newly extended agreement with Kinross Gold (K-T) allows X-Cal Resources (XCL-T) to acquire 100% of the Sleeper gold project in Nevada.X-Cal will pay 500,000 shares to Kinross as consideration for th…
PEOPLE (July 09, 2001)
Boliden — Jan Johansson appointed president and CEO.Dia Met — Kowie Strauss appointed chairman; Graham Nicholis, appointed president, CEO and director; Chris Ryder appointed company secretary and CF…
Producer and Dealer Prices (July 09, 2001)
Antimony: Mid-mkt US$1,110/t.Bismuth: Mid-mkt US$3.75/lb.Cadmium: Mid-mkt US$0.27/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$9.40-11.50/lb.Copper: Comex Sept. US$0.714/lb.
GOLD FUNDS (July 09, 2001)
Gold Funds as of June 21, 2001Dundee Precious MetalsCentral FundNet Value$13.63$5.16Price$9.90$5.00…
LME Warehouse Levels (July 09, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 3/01 (change from June 26 in brackets):MetalStock (tonnes)ChangeAluminium626275(…
CDNX enters summer doldrums
Canada’s junior exchange emerged from the Dominion Day weekend in a sour mood. The Canadian Venture Exchange composite index dropped 32.61 points, or 1%, to finish the week ended July 3 at 3,198.32. T…
Spot Prices Wed. July 4, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$267.60-$8.40Silver$ 4.27-$0.08Platinum$559.00-$…
America Mineral Fields improves terms
A company held equally by America Mineral Fields (AMZ-T) and Anglo American (AUK-Q) has renegotiated the terms of an agreement to develop and own 60% of the Kolwezi copper-cobalt tailings project in t…
Leach tests positive for Gammon Lake Resources
Preliminary metallurgical tests on mineralization from the Ocampo gold-silver properties of Gammon Lake Resources (GAM-T) has returned encouraging results.The tests examined composite samples of drill…