Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
News
GREATEST VALUE TRADED, NOV. 13-19
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N30334525.2023.5123.66-0.62…
Black Hawk posts small quarterly loss
With production from the Limon gold mine in Nicaragua down from last year, Black Hawk Mining (BHK-T) lost US$432,000 on revenue of US$4.3 million in the three months ended Sept. 30.For the first nine …
Daily Metal Prices (November 25, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13Al Alloy1305/130…
Large diamonds gleaned from Gahcho Kue
The latest bulk-sample results from the Gahcho Kue joint-venture project in the Northwest Territories indicate the presence of big-carat diamonds in the Hearne kimberlite pipe.The Hearne and 5034 pipe…
Tiberon expands prefeasibility at Nui Phao
Vancouver — Tiberon Minerals (TBR-V) has expanded the scope of its prefeasibility study of the Nui Phao tungsten-polymetallic deposit in northern Vietnam.Recent work suggests operating costs may be l…
LME Warehouse Levels (November 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 19 (change from Nov. 12 in brackets):MetalStock(Tonnes)ChangeAluminium1289125(+2…
Ceramics fuel feldspar demand
Strong growth in the production of ceramics, particularly in Italy, Spain and China, continues to push up demand for feldspar, according to a report by London-based Roskill Information Services.The st…
Odds ‘n’ sods: Flying over Red Lake
The idea of flying prospectors and supplies into the field occurred to John Hammel in 1925, when he engaged the air service branch of the Ontario Department of Lands and Forests to fly 15 tons of supp…
Spot Prices Wed. November 13, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$319.00-$4.20Silver$ 4.55-$0.02Platinum$593.00+$…
Exchange Rates (November 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13US$ in C$1.58521.59021.58…
Bema arranges bought-deal financing
Bema Gold (BGO-T) has entered into a bought-deal financing with a syndicate of firms led by Canaccord Capital and Haywood Securities, worth an initial $5 million, with an option that could gross as mu…