Lending Rates (February 11, 2002)
as of 4 pm ET, Feb. 5, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
News
Exchange Rates (February 11, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 5Feb. 4Feb. 1Jan. 31Jan. 30US$ in C$1.59781.59151.5907…
Northern Miner Indices (February 11, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningFN-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mining…
TSE Short Positions (February 11, 2002)
Short positions outstanding at January 31, 2002Larger individual positions includeAgnico-Eagle 2,367,151 up 213,497; Alcan Inc. 1,411,774 up 304,058; Barrick Gold 11,520,490 down 1,009,95…
Producers rise as gold nears US$300-per-oz. level
Gold staged a strong comeback over the Jan. 30-Feb. 5 report period, rising $16.50 in London markets to finish at US$297.45 per oz. on the morning of Feb. 6.Canada’s major producers also rose with the…
Little change in US markets
Both major U.S. market indices were little-changed over the report period Jan. 30-Feb. 5, with the Dow Jones industrial average closing 67.19 points higher at 9,685.43, and the Standard & Poor’s 500 f…
Wildara gives LionOre something to roar about
A newly discovered high-grade sulphide zone at the Wildara property in Western Australia has partners LionOre Mining International (LIM-T) and Australian-listed Dalrymple Resources hopping with deligh…
Drills turn at McCuaig (February 11, 2002)
Vancouver — Rubicon Minerals (RMX-V) has kicked off a 3,050-metre drill program on the McCuaig gold project in Red Lake, Ont.The company is targeting a gold-bearing structural zone discovered last ye…
Gold Fields’ earnings nearly triple (February 11, 2002)
Reflecting a weakened South African rand and a month’s production from the recently acquired St Ives and Agnew mines in Western Australia, Gold Fields (GOLD-Q) has reported record earnings of US$67 mi…
Phelps Dodge ends dismal year (February 11, 2002)
Vancouver — Poor demand and weak prices plagued the balance sheet of the world’s second-largest copper producer in 2001.Phelps Dodge (PD-N) posted a fourth-quarter loss of US$78.3 million (or US$1 pe…
CIM looks for comments on practice guidelines
The Estimation Guidelines Committee of the Canadian Institute of Mining, Metallurgy and Petroleum has completed its draft guidelines covering proposed “best practices” for estimating mineral resources…
Ekati diamond raffle will benefit children’s hospital
Vancouver — A diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for Vancouver’s British Columbia Children’s Hospital.The raffle is part of the Mining for Miracle…