Lending Rates (December 23, 2002)
as of 4 pm ET, Sept. 10, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.42LIBOR US$ 1-year1.56Gold lease 3-month0.26Gold lea…
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Producer and Dealer Prices (December 23, 2002)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.70/lb.Copper: Comex Mar US$0.732/lb.
Gold glitters on junior exchange (December 23, 2002)
Vancouver — Gold issues helped Canada’s junior exchange break the 1,000 mark on the S&P composite index over the week ended Dec. 17. The Venture Exchange index rocketed 35.56 points, or 3.68% of its …
GREATEST VALUE TRADED, DEC. 11-17
ExchgVal($000s)HighLowCloseChangeGoldcorp*N1230013.5910.9212.48+1.63…
The Northern Miner — North American Mining Index (December 23, 2002)
74.23 (+4.64)(Sept. 30/98 = 100)…
Laramide leases gold deposit (December 23, 2002)
In exchange for cash and future royalties, Laramide Resources (LAM-V) has leased its Cerro Colorado mining claims in Mexico to a private Australian mining company.Secotec paid US$50,000 in cash and ha…
Green light flashes for Tulsequah Chief
Vancouver — The government of British Columbia has finally issued a project approval certificate to Redcorp Venture’s (RDV-T) Tulsequah Chief project in the province’s northwestern region.The approva…
Nevsun intensifies efforts in Mali
Vancouver — Buoyed by a surging gold price, junior Nevsun Resources (NSU-T) is wasting no time advancing its two promising projects in Mali, West Africa.The junior ventured into the region back in 19…
Sherritt Partnership adds coal to fire
Faced with a revised takeover bid by the Sherritt Coal Partnership II, Calgary-based Fording (FDG-T) has postponed until Jan. 3 its special shareholders’ meeting originally slated for Dec. 20.Fording’…
McWatters sizes up East Amphi project (December 23, 2002)
Based on the results of a recent feasibility study of the East Amphi gold project, near Val d’Or, Que., McWatters Mining (MWA-T) has budgeted $1 million for exploration in 2003.The deposit will be dri…
LME Warehouse Levels (December 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 17 (change from Dec. 10 in brackets):MetalStock(tonnes)ChangeAluminium1247075(-3…
Perseverance on hold
With zinc prices foundering in the US33-to-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of the Perseverance project, near Matagami, Que.Noranda’s president of zinc operation…