Russian subsidiary powers High River
High River Gold Mines’ (HRG-T) attributable gold production grew by more than 43,000 oz. in 2002, thanks to an increased stake in its Russian subsidiary, Buryatzoloto.High River boosted its position i…
News
MOST ACTIVE ISSUES, JAN. 29-FEB. 4
ExchgVol(000s)HighLowCloseChangeWheaton Rvr MT234641.501.381.45-0.04…
Surging gold energizes Venture Exchange
Vancouver — With a little help from gold, Canada’s junior exchange closed the week ended Feb. 4 on an uptick. The S&P-TSX Venture Exchange composite index added 15.6 points, or 1.4% of its value, and…
Exchange Rates (February 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29US$ in C$1.51431.52011.52901.530…
Drilling resumes at McCuaig (February 10, 2003)
Partners Rubicon Minerals (RMX-V) and Golden Tag Resources (GOG-V) have resumed drilling at the McCuaig property in the Red Lake camp of northeastern Ontario.The pair will drill upwards of 10,000 metr…
Editorial Cartoon (February 10, 2003)
Canada should take tougher line with Mugabe Hope fades in Zimbabwe
There appears to be no substance to recent reports that leading figures in Zimbabwe’s dictatorial governing party, the African National Union (ZANU-PF), had agreed to a deal under which President Robe…
Spot Prices Wednesday February 5, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$385.00+15.15Silver$4.93+0.08Platinum$689.00+40.00…
TVX, Echo Bay give nod to Kinross merger
TVX Gold (TVX-T) shareholders have approved a proposed 3-way merger with Kinross Gold (K-T) and Echo Bay Mines (ECO-T).Kinross recently announced a 3-old-for-1-new-share consolidation, and T…
Inco posts loss despite nickel’s rise
Inco’s (N-T) US$1.6-billion writedown during the summer on its Voisey’s Bay project in Labrador, combined with a host of other added costs, pushed Canada’s nickel giant deeply into the red in 2002.For…
Lending Rates (February 10, 2003)
as of 4 pm ET, Feb.4, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.44Gold lease 3-mo…
Stronger gold pays off in Burkina Faso
The recent surge in the price of gold has revitalized exploration in Burkina Faso, a pocket of Africa known more for its poverty than for its wealth of mineral resources.Burkina Faso first emerged as …