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…
2002
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…
The Northern Miner — North American Mining Index (December 30, 2002)
74.08 (-0.15)(Sept. 30/98 = 100)…
Canadian Stock Exchange Indices (December 30, 2002)
DateDec. 23Dec. 20Dec. 19Dec. 18HighLowTSX Composite6628.256560.626536.976560.937992.70…
The Northern Miner — Small Producers Index (December 30, 2002)
83.40 (-0.57)(Sept. 30/98 = 100)…
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…
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…
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…
Alcoa to upgrade Baie-Comeau
Pittsburgh, Pa.-based Alcoa (AA-N) intends to spend $1 billion upgrading its smelter in Baie-Comeau, Que., to begin in late 2003.Under a deal with the Quebec government, the aluminum giant will invest…
Drill results augur well for DRC at Afton
Vancouver — DRC Resources (DRC-V) has tabled encouraging assay results from its Afton copper project, near Kamloops, B.C.This season’s drill program is part of a $4.7-million exploration program reco…