Exchange Rates (January 13, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31US$ in C$1.55921.55961.56651.5747…
News
MOST ACTIVE ISSUES, DEC. 31-JAN. 7
ExchgVol(000s)HighLowCloseChangeMcWatters MngT270570.310.240.29+0.03…
Sherritt sweetens Fording offer
Looking to deliver a deathblow in the bidding war for Calgary-based coal producer Fording (FDG-T), the Sherritt Coal Partnership II has boosted the cash component of its $35-per-share bid.The partners…
Research Capital asks: Why pick on Barrick?
In a recent report titled Why is ABX the Lightning Rod on Hedging?, Toronto-based mining analysts Barry Allan and Steven Greene of Research Capital take a timely look at the gold-hedge positions of th…
Int’l Curator back at Assean Lake
Now that the winter freeze has set in, International Curator Resources (IC-T) is resuming exploration at the Assean Lake gold project in north-central Manitoba.The program is budgeted at $580,000 and …
Black empowerment in South Africa
The past year was momentous for South African mining. The adoption of radical regulations ushers in a non-racial, competitive and socially inclusive era in the industry.It is unrealistic to imagine th…
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Canadian Stock Exchange Indices (January 13, 2003)
DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31HighLowTSX Composite…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …
Bulls back on Wall Street
A 265-point jump in the Dow Jones Industrial Average on the first trading day of 2003 put investors in the mood for gains, and the U.S. markets in general had a stellar week. The Dow was up 407.74 poi…
Alcoa
A new estimate indicates that the past-producing Macassa mine has a proven and probable reserve of 726,000 tonnes grading 15.4 grams gold per tonne, or 356,300 oz. gold.Kirkland Lake Gold (KGI-V) repo…
Nevada Pacific explores Bluebird gold property
Vancouver — Nevada Pacific Gold (NPG-V) has inked a deal to explore the Bluebird property, at the northern end of the Battle Mountain trend in Nevada’s Lander Cty.The property consists of 10 unpatent…