Group seeks to mark Ottawa’s geological sites
Looking to develop public awareness of earth sciences, a group of 25 geoscientists, including three past directors of the Geological Survey of Canada, has started a project to catalogue and preserve i…
News
Namco puts subsidiaries in dry dock
Unable to secure additional funding from its bankers and principal lenders, marine diamond miner Namibian Minerals (NMR-T) has been forced to shut down certain of its South Africa and Namibia subsidia…
Linear drills Nfld prospect
Linear Resources (LRR-V) has begun a 700-metre drill program on an intrusion-related, gold-bearing prospect at its 15-claim Powderhorn property on Newfoundland’s East Coast.Linear can earn acquire the…
Producer and Dealer Prices (December 16, 2002)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.50/lb.Copper: Comex Mar US$0.745/lb.
Daily Metal Prices (December 16, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4Al Alloy1314/1312…
WMC gains titanium asset
The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…
MOST ACTIVE ISSUES, DEC. 4 – 10
ExchgVol(000s)HighLowCloseChangeKinross GoldT313453.082.822.88+0.12…
Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…
Junior exchange edges up
Vancouver — Canada’s junior exchange posted modest gains over the week ended Dec. 10. The S&P-TSX Venture Exchange composite index tacked on 6.05 points, or 0.63% of its value, and closed at 966.24.P…
Lending Rates (December 16, 2002)
as of 4 pm ET, Dec. 10, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.43LIBOR US$ 1-year1.59Gold lease 3-…
BC Government approves Tulsequah
Vancouver — Redcorp Ventures (RDV-V) reports that the Province of British Columbia has granted it’s wholly owned s…
Trading Summary (December 13, 2002)
Gold picked up another US$1.90 in New York to finish the week at US$333 per oz., and helped the Toronto Stock Excha…