Lending Rates (December 30, 2002)
as of 4 pm ET, Dec. 19, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.40LIBOR US$ 6-month1.40LIBOR US$ 1-year1.53Gold lease 3-…
News
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…
Eldorado cashes in
Eldorado Gold (ELD-T) has closed a $46-million financing with a syndicate of underwriters led by Yorkton Securities and including Sprott Securities, BMO Nesbitt Burns, TD Securities, National Bank Fin…
People (December 30, 2002)
Gemcom Software — Appointed Rick Moignard as president and CEO.Richmont Mines — Louis Dionne appointed president and CEO.Lakefield Minerals — William Urseth appointed president.
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…
Canada helps fight conflict diamond trade
Companies will require government certificates to export diamonds to Canada, under new legislation in place to control the import, export and transit of rough diamonds.Bill C-14 was given royal assent…
The Northern Miner — Small Producers Index (December 30, 2002)
83.40 (-0.57)(Sept. 30/98 = 100)…
Rio Narcea joins Outokumpu in Spain (December 30, 2002)
Rio Narcea Gold Mines (RNG-T) has agreed to a phased earn-in at Finnish-based Outokumpu’s Lugo properties in northern Spain.Rio Narcea can earn an initial half-stake in the project by spending US$1.5 …
PDAC calls for papers
The Prospectors & Developers Association of Canada is soliciting papers for the open session of its annual convention, slated for March 9-12, 2003, in Toronto.Organizers are looking for policy-related…
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…