European Mnrls ups Varvarinskoye reserves
A review by Arizona-based Mintec has boosted by 73% the proven and probable reserves at European Minerals’ (EPM.U-T) Varvarinskoye gold-copper deposit in northern Kazakstan.Based on a gold price of US…
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LME Warehouse Levels (December 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 24 (change from Nov. 17 in brackets):MetalStock(tonnes)ChangeAluminium1393200(+8…
Exchange Rates (December 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19US$ in C$…
Canadian Stock Exchange Indices (December 01, 2003)
DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19HighLowTSX Composite7822.34…
Barrick to stop gold hedging: Munk
The godfather of gold hedging, Barrick Gold (ABX-T) Chairman Peter Munk, has declared that his company, the world’s largest hedger, will discontinue entering into hedging contracts for the next 10 yea…
Weda Bay eyes $6m
A private placement is expected to raise enough funds for Weda Bay Minerals (WDA-T) to complete a feasibility study at its Halmahera nickel-cobalt laterite property in Indonesia.Haywood Securities and…
Davidson to talk base metals
David Davidson, base metals analyst for Paradigm Capital, will speak at the next meeting of Toronto branch of the Mineral Economics Discussion Group of the Canadian Institute of Mining, Metallurgy and…
Spot Prices Tuesday, Nov. 25, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$391.50-0.92Silver$5.210.00Platinum$758.00-4.00Pa…
CNQ applies for exchange status
The Canadian Trading and Quotation System (CNQ), a small-cap equity market, has applied to the Ontario Securities Commission (OSC) for recognition as a stock exchange.The CNQ is currently a quotation …
Lending Rates (December 01, 2003)
as of 4 pm ET, Nov. 25, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.17LIBOR US$ …
Rio Narcea’s earnings trimmed
A stronger euro pushed operating expenses higher and ate into the earnings of Rio Narcea Gold Mines (RNG-T) during the 3-month period ended Sept. 30.Still, the company ended on the plus side with net …
Barclays, CIBC to arrange Ona-Puma financing
Vancouver — Canico Resource (CNI-T) has appointed Barclays Capital and CIBC to arrange financing for its Ona-Puma nickel laterite project in Brazil’s Para state.Barclays and CIBC will set about secu…