News
Lending Rates (October 28, 2002)
as of 4 pm ET, Oct. 22, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.84LIBOR US$ 6-month1.84LIBOR US$ 1-year2.01Gold lease 3-month0.34Gold leas…
Far from fireproof
The news from Europe that Swedish-Swiss construction and engineering firm ABB Group had issued a profit warning, largely as a result of lawsuits against its U.S. unit, Combustion Engineering, is anoth…
Partners pour gold at Magistral in Mexico
Equal partners Queenstake Resources (QRL-T) and privately held Midwest Mining have shipped their first gold bar from the Magistral project in Mexico’s Sinaloa state.Weighing 254 oz., the bar was sold …
Competition fetches prize jewelry
Katleho Photolo, a third-year student in the jewelry department at Technikon Pretoria, a technical college, was the overall winner in AngloGold’s Riches of Africa 2002, a jewelry design competition.An…
Placer set to boost production profile (October 28, 2002)
Vancouver — Placer Dome’s (PDG-T) diminished share price is puzzling in light of the company’s improved financial performance, says President Jay Taylor.”I just can’t believe how the market has price…
TVX suffers big fat Greek headache
Greece’s supreme administrative court, the Conseil d’tat, has dealt TVX Gold (TVX-T) another blow by blocking the company’s Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessa…
Majescor strikes deal
Majescor Resources (MAJ-V) was granted a 3-year option to explore the Fenelon property in the Casa Berardi sector of northwestern Quebec exclusively for diamonds.Property owners International Taurus R…
Redcorp tallies gold values at Hawk
Vancouver — Drilling by Redcorp Ventures (RDV-T) has returned encouraging values from the Hawk gold property in north-central British Columbia.All 12 holes in the 1,500-metre program, which tested fo…
Shutdowns cost Falconbridge (October 28, 2002)
Lower nickel sales and shrinking revenue from precious metals production pushed Falconbridge (FL-T) to a third-quarter loss.The major found itself $21.3 million in the red (or 14 per share), compared…
Junior explores near Tulawaka
Junior Exploration Minires du Nord (MDN-T) has begun a soil geochemical survey over two newly acquired permits in the Lake Victoria Goldfields district of Tanzania.Minires can earn 90% interests in …
MacDonald exec takes a loss
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aur Resources (AUR-T) — Jorge Carey, director, bought 44,500 shares indirectly at US$2.15 or …