Lending Rates (November 25, 2002)
as of 4 pm ET, Nov. 19, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.42LIBOR US$ 6-month1.44LIBOR US$ 1-year1.62Gold lease 3-month0.32Gold leas…
News
Etruscan, Mountain Lake celebrate mining foray
Ventersdorp, South Africa — What it lacks in size, this country’s newest alluvial diamond mine makes up for in quality and potential.Operator Etruscan Resources (EET-T) and minority partner Mountain …
Corner Bay-Pan Am merger delayed
The closing date of the merger between Corner Bay Silver (BAY-T) and Pan American Silver (PAA-T) has been delayed until mid-December while the latter continues to secure a water source to enable heap-…
Russian mines haul up earnings for High River
Consolidation of the results from its Russian subsidiary, Buryatzoloto, has given High River Gold (HRG-T) a significant increase in revenue and earnings.The company finished the three months ended Sep…
Phelps Dodge, Cabot under investigation
The biggest story over the period was the revelation that Phelps Dodge and Cabot are being jointly investigated by American and European antitrust authorities for alleged price-fixing in the carbon bl…
Broad market climbs as golds tumble
Regaining ground lost in the previous period, the Toronto Stock Exchange Composite Index closed up 94.38 points higher in the Nov. 13-19 report period. The benchmark was set at 6,423.65 points.London …
MOST ACTIVE ISSUES, NOV. 13-19
ExchgVol (000s)HighLowCloseChangeKinross GoldT273813.082.722.73-0.35…
Northern Miner Indices (November 25, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Hot holes for Canadian Royalties
Vancouver — Shares in Canadian Royalties (CZZ-V) have risen dramatically to a new 52-week high of $3.08 from under $1 only a few weeks ago. Wasting no time capitalizing on the increase, the company i…
Canadian Stock Exchange Indices (November 25, 2002)
DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13HighLowTSX Composite6423.656484.986547.426370.91…
Cumberland tops up kitty
In preparation for the launch of a bankable feasibility study on its wholly owned Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) has arranged a $6.5-million brokered private placemen…
Same old saw, just duller
Last week saw the National Summit on Innovation and Learning, sponsored by the Departments of Industry and Human Resources Development and hosted by ministers Allan Rock and Jane Stewart (yes, the Jan…