Exchange Rates (December 30, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 23Dec. 20Dec. 19Dec. 18US$ in C$1.55041.55241.54751.5537…
News
Northern Miner Indices (December 30, 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…
Canadian Stock Exchange Indices (December 30, 2002)
DateDec. 23Dec. 20Dec. 19Dec. 18HighLowTSX Composite6628.256560.626536.976560.937992.70…
Higher gold price adds Christmas cheer
The S&P-TSX composite slipped 60.9 points over the holiday-shortened Dec. 18-20 report period, partly because of a weakened gold group. The index finished at 6,560.62.Gold ascended US$6.25 in overseas…
Breakwater gets debt extension (December 30, 2002)
Zinc miner Breakwater Resources (BWR-T) has struck a deal with its banking syndicate and Dundee Bancorp to extend repayment of more than US$44 million on its existing credit facilities.In late Novembe…
Minefinders cuts high grades at Dolores
Vancouver — Minefinders (MFL-T) has cut high-grade gold and silver at its wholly owned Dolores property in northern Chihuahua state, Mexico.A 30,000-metre drilling program is enabling the company to …
Pundits predict good year for gold
Vancouver — The consensus among analysts during the latter half of 2002 was that lacklustre global economic growth would cap prices for base metals in 2003 but that geopolitical uncertainty and a wea…
Spike in gold price among highlights of 2002 Retrospection
The previous occupant of the editor’s chair here took to naming years for their characteristics. It was a useful way to encapsulate the mood of the year past, a metaphor for what fate dealt out each t…
An end to the plume theory?
Standard fare in geology textbooks and school classrooms across the world is that the hot springs, geysers and volcanoes of Yellowstone National Park, Hawaii, Iceland, and many other volcanic regions …
QGX confirms oxide gold in Mongolia
Vancouver — A 7-hole drill program centred on the Central Valley zone of the Golden Hill prospect in Mongolia has returned encouraging values for owner QGX (QGX-V).The first two holes proved to be th…
Partners prove up River Valley
Vancouver — Intent on confirming the economic potential of the River Valley platinum-palladium property, partners Pacific North West Capital (PFN-T) and Anglo American Platinum (AAPTY-O) have doubled…
New Blue Ice showing delivers goods
A kimberlite showing discovered last summer by Diamonds North Resources (DDN-T) at its wholly owned Blue Ice property on the Nunavut portion of Victoria Island has yielded a high count of microdiamond…