Junior golds rally as year draws to a close
Junior gold explorers continued to drive Canada’s junior exchange higher. The S&P-TSX Venture Exchange composite index gained 41.8 points. or 4.1% of its value, to close at 1,052.29.Shares in Coral Go…
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Dofasco dumps Qubec Cartier stake
Hamilton-based steel maker Dofasco has reduced its ownership stake in Qubec Cartier Mining Co., an iron ore subsidiary in Port-Cartier, Que.Dofasco has struck a deal to sell part of Qubec Cartier to…
Lending Rates (January 06, 2003)
as of 4 pm ET, Dec. 19, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.40LIBOR US$ 6-month1.40LIBOR US$ 1-year1.52Gold lease 3-…
Canadian Stock Exchange Indices (January 06, 2003)
DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24HighLowTSX Composite6617.55…
Band-Ore readies drills at Thorne (January 06, 2003)
Having raised $500,780 via a non-brokered private placement of flow-through shares and warrants, Band-Ore Resources (BAN-T) is about to intensify drilling at its wholly owned Thorne gold property, 20 …
AMEC wins Meadowbank contract
Vancouver — AMEC has been hired to study the feasibility of mining the Meadowbank gold deposit in Nunavut. Situated 70 km north of Baker Lake, the property is owned by Cumberland Resources (CBD-T).Th…
European mission raises profile of central Newfoundland
A mining trade mission that visited Europe in early autumn 2002 to drum up interest in central Newfoundland’s resource potential has proved successful, according to the president of the Newfoundland a…
Olympus looks to raise $1.5 million
Vancouver — Olympus Pacific Minerals (OYM-V) has arranged a brokered private placement worth up to $1.5 million. T…
Trading Summary (January 03, 2003)
Toronto’s gold stocks enjoyed a rising gold price on Friday climbing 4.45 points or more than 2% of value to 205.23…
Placer takes out AurionGold
Vancouver – It took seven months to gain 100% of AurionGold but Placer Dome (PDG-T) is now looking forward to the i…
Cardero converts debt to shares
Vancouver-based Cardero Resource (CDU-V) has raised a shade over $2.9 million via the private placement of more tha…
Trading Summary (January 02, 2003)
Toronto’s base metal issues outshone their gold counterparts on Thursday, gaining 2.89 points or more than 2% to ma…