Lending Rates (July 07, 2003)
as of 4 pm ET, July 1, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.25LIBOR US$ 3-month1.11LIBOR US$ 6-month1.12LIBOR US$ 1-y…
News
Insider Trading: Sodemex trims Aurizon account
Recent insider trading transactions reported by the Ontario Securities Commission include the following:– Agnico-Eagle Mines (AGE-T) — Leanne Baker, director, bought 2,500 shares at US$10.45 to hold…
Twenty-Five Years Ago / July 1978
PQ mum on Asbestos takeoverQuebec government spokesmen are silent on reports that a New York investment firm hired by the province to evaluate the assets of Asbestos Corp. has set a price of US$60 a s…
Spot Prices Wednesday July 2, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$351.203.35Silver$4.560.05Platinum$673.003.00Pall…
SWG takes aim at Liam
Vancouver — Southwestern Resources (SWG-T) has launched a 2,000-metre drill program on the Liam silver property in southern Peru.The program is designed to test diatreme breccias associated with high…
Producer and Dealer Prices (July 07, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.751/lb.Indium: Indium Corp., ingot, US$140/kg.Irid…
Canadian Stock Exchange Indices (July 07, 2003)
DateJuly 1June 30June 27June 26June 25HighLowTSX CompositeHoliday…
Stronger loonie affects PCS
Responding to the stronger Canadian dollar, Potash Corp. of Saskatchewan (POT-T) has lowered its earnings expectations for the second quarter.The world’s biggest producer of fertilizer says earnings w…
IMA explores Navidad bonanza silver discovery
An induced-polarization (IP) survey across the high-grade Navidad silver discovery in the Patagonia region of southern Argentina has identified a large chargeability anomaly with a surface footprint o…
Golden Star shines over Mampon (July 07, 2003)
Denver-based Golden Star Resources (GSC-T) has completed its $9.5-million acquisition of Ashanti Goldfields’ (ASL-N) Mampon property, 40 km northeast of Bogoso, Ghana.Mampon is home to a probable rese…
Queenstake closes Jerritt deal
Queenstake Resources (QRL-T) has acquired the Jerritt Canyon gold mine in Nevada’s Elko Cty., after wrapping up a previously announced brokered private placement of 105 million subscription receipts f…
Canadian exploration trends
Annual spending on mineral exploration in Canada has stabilized above $500 million, after declining from a peak of $921 million in 1997 and a low of $497 million in 2000, according to a report publish…