Atlas Copco signs deal with DMC Drilling
Atlas Copco has signed a partnership agreement with Coniston, Ont.-based DMC Drilling Supplies to service the underground diamond drilling community in Sudbury, Ont.DMC has spent the past 10 years sup…
News
Spot Prices Wed. November 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.50+$0.35Silver$ 4.50+$0.02…
Kumtor hurts Cameco
A pit failure at the Kumtor gold mine in Kyrgyzstan more than halved Cameco’s (CCO-T) earnings in the third quarter.For the three months ended Sept. 30, Cameco pocketed $7 million (or 12 per share) o…
GQ yields more diamonds
Six of seven heterolithic breccia outcrops on Band-Ore Resources’ (BAN-T) GQ property, near Wawa, Ont., have returned diamonds.The best results came from the Rainbow zone, where a 54-kg sample from a …
Exchange Rates (November 11, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30US$ in C$1.55621.55501.5576…
MOST ACTIVE ISSUES, OCT. 30 – NOV. 5
ExchgVol(000s)HighLowCloseChangeOM Group*N273999.286.156.38-2.57…
LME Warehouse Levels (November 11, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 5 (change from Oct. 29 in brackets):MetalStock (tonnes)ChangeAluminium1296925(+2…
Lending Rates (November 11, 2002)
as of 4 pm ET, Nov. 5, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.62LIBOR US$ 6-month1.55LIBOR US$ 1-year1.62Gold lease 3-month0.37Gold lease…
China selling mining rights to foreign investors
The Chinese government is about to establish a state-run auction house for the purpose of selling the country’s mining rights to the highest bidder.The auction house, known as China Mining Lianfa Auct…
Canadian Stock Exchange Indices (November 11, 2002)
DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30HighLowTSX Composite6399.646432.656321.406248.80633…
Ivanhoe expands Oyu Tolgoi
Vancouver — Drilling by Ivanhoe Mines (IVN-T) has significantly expanded a zone of copper-rich mineralization at the Oyu Tolgoi gold-copper project in southern Mongolia.Six holes spaced 100-120 metre…
GREATEST VALUE TRADED, OCT. 30 – NOV. 5
ExchgVal($000s)HighLowCloseChangeAlcoa*N35409623.9821.9123.36+0.99…