Canadian Stock Exchange Indices (December 09, 2002)
DateDec. 3Dec. 2Nov. 29Nov. 28Nov. 27HighLowTSX Composite6640.61…
News
Gold demand up in Q3
WORLD GOLD COUNCILFactors contributing to reduced gold demand in the first two quarters of this year had little impact on the third quarter, according to Gold Demand Trends, a monthly publication of t…
Minera Andes looks to expand San Jose
Comodoro Rivadavia, Argentina — Minera Andes (MAI-V) will drill-test several targets on its 88-sq.-km San Jose property in southern Argentina’s Santa Cruz province.The 4,000-metre diamond drilling pr…
Editorial Cartoon (December 09, 2002)
PEOPLE (December 09, 2002)
Axmin — Craig Banfield appointed secretary.Cumberland — Kerry Curtis appointed interim president and CEO; Walter Segsworth appointed co-chairman.EuroZinc — Graham Mascall appointed dir…
More potential diamond targets in Quebec
The Quebec government has identified two new sites with potential for diamond exploration, along the western Saindon-Cambrien Corridor in the province’s northern region.The sites, which contain high-c…
AMEC cements bond with De Beers Canada
Engineering and consulting firm AMEC has signed a long-term co-operative agreement with De Beers Canada.The two companies have worked on various Canadian diamond projects in recent years. AMEC is comp…
Falco fined for violation
Falconbridge was fined $225,000 after a safety violation resulted in the death of an employee at the Kidd Creek mine in September 2000, in Timmins, Ont.The Ontario Ministry of Labour says the worker w…
Lending Rates (December 09, 2002)
as of 4 pm ET, Dec. 3, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.42LIBOR US$ 6-month1.46LIBOR US$ 1-year1.70Gold lease 3-month0.27Gold lease…
Dental palladium in demand
Demand for palladium in dental alloys is forecast to increase slightly to 730,000 oz. in 2002. The fall in the palladium price from its early 2001 peak has had a stabilizing effect on demand, but ther…
Horne smelter perseveres despite strike
Noranda says it can sustain output at its Horne copper smelter in Rouyn-Noranda, Que., at 70% of capacity even though striking workers have rejected its latest offer of a 3-year contract.More than 500…
PDAC offers special rate Gold Demand
The Prospectors & Developers Association of Canada is offering a special rate to independent consultants who wish to participate in the trade show at its 2003 convention.The Consultant’s Corner will p…