Spot Prices Wednesday June 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$361.25+7.10Silver$4.57+0.06Platinum$662.00+7.00P…
2003
Lending Rates (June 23, 2003)
as of 4 pm ET, June 17, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.06LIBOR US$ 6-month1.01LIBOR US$ 1-year1.02Gold …
Newmont writes off AMC
It was an expensive report period for Denver-based Newmont Mining, which bit the bullet and wrote off its recent, A$100-million investment in Aussie-listed Australian Magnesium Corp., developer of the…
Namco sinks into watery grave
Out of working capital and with no hope its subsidiaries will resume operations, marine diamond miner Namibian Minerals is heading into permanent dry dock as liquidators sell off the company’s assets….
Lac de Gras work fails to find source
Drilling on a property held by Geodex Minerals (GXM-V) in the Lac de Gras region of the Northwest Territories has determined that a prominent circular magnetic feature was not caused by a kimberlite i…
Exchange Rates (June 23, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 17June 16June 13June 12June 11US$ in C$1.33961.33921.33611.3…
Producer and Dealer Prices (June 23, 2003)
Antimony: Mid-mkt US$2,570/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.70-10.25/lb.Copper: Comex July US$0.7810/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
Canadian Stock Exchange Indices (June 23, 2003)
DateJune 17June 16June 13June 12June 11HighLowTSX Composite7121.027099.277010.557106.86…
New diamond plays come into view in northern Canada
The diamond hunt is exploding with new kimberlite discoveries beyond the Slave Craton in Canada’s Far North. Recent discoveries are reported near Rankin Inlet and on the Melville Peninsula in eastern …
LSE streamlines admission to AIM
The London Stock Exchange (LSE) has streamlined admission requirements to its Alternative Investment Exchange (AIM) in an effort to entice companies already listed on other exchanges to obtain a secon…
Tailings to biodiversity
A partnership between the Eastern Habitat Joint Venture (EHJV) and the Iron Ore Co. of Canada (IOC) will provide wildlife in the Wabush Lake area of Labrador with access to thousands of hectares of ne…
Etruscan, Semafo break ground in Niger
Having raised US$27 million in a debt financing, partners Etruscan Resources (EET-T) and Semafo (SMF-T) are stepping up construction of the Samira Hill gold project in Niger.Under the financing deal, …