Vancouver Island has potential
Skarn deposits on Vancouver Island, particularly where there are indications of precious metal enrichment, should offer targets for exploration.At the end of the 19th century and into the early 1900s,…
2002
PEOPLE (October 07, 2002)
AfriOre — Stuart Comline apponted executive chairman and director; Michael Van Aswegen appointed president, CEO and director.Apollo Gold — Llee Chapman appointed CFO.Barker — Mark Brow…
Porgera’s problems persist
Placer Dome (PDG-T) expects its half-interest in the Porgera mine in Papua New Guinea to generate a third-quarter loss of US$7 million, owing to power interruptions.Vandals have damaged more power pol…
Spot Prices Wed. October 2, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$320.40-$5.10Silver$ 4.49-$0.14Platinum$569.00+$…
The Northern Miner — North American Mining Index (October 07, 2002)
70.78 (-3.63)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (October 07, 2002)
72.46 (-4.25)(Sept. 30/98 = 100)…
Lending Rates (October 07, 2002)
as of 4 pm ET, Oct. 1, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.76LIBOR US$ 6-month1.66LIBOR US$ 1-year1.66Gold lease 3-month0.26Gold lease…
Exchange Rates (October 07, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25US$ in C$1.58601.58581.5777…
Still too early for base metals
The outlook for base metals prices continues to be weighed down by the macro-economic environment, and recent comments from the Federal Open Market Committee (FOMC) did not provide any incentive for b…
Crystallex gains as other golds lose
Broad investor support pushed the Toronto Stock Exchange composite index up 149.70 points over the Sept. 25-Oct. 1 report period. The benchmark finished the week at 6,218.60.Gold had a rough ride over…
BHP shuts Anglo out of Ekati
It was a relationship that couldn’t last: BHP Billiton has notified its global rival, Anglo American, that it would not renew its agreement allowing Anglo subsidiary De Beers the right to marke…
Canadian Stock Exchange Indices (October 07, 2002)
DateOct. 1Sept. 30Sept. 27Sept. 26Sept. 25HighLowTSX Composite6218.616180.426111.116179.426165…