Lending Rates (November 04, 2002)
as of 4 pm ET, Oct. 29, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.76LIBOR US$ 6-month1.67LIBOR US$ 1-year1.71Gold lease 3-month0.31Gold leas…
News
Barrick sees earnings slide
Barrick Gold (ABX-T) has posted disappointing earnings of US$34 million (or US6 per share) for the third quarter, owing to lower-than-anticipated grades and recovery rates at several of its operation…
Charter empowers SA miners
South Africa’s new Broad-Based Socio-Economic Empowerment charter is the product of a process that reaffirms the mining sector’s willingness to aid and promote wealth creation opportunities for histor…
Bema looks to Russia for high grades
Vancouver — Bema Gold (BGO-T) has inked a deal with the government of the Chukotka, an autonomous region in northeastern Russia, to acquire up to a 75% interest in the high-grade Kupol gold and silve…
Int’l Gold drills Myrtle
Vancouver — International Wayside Gold Mines (IWA-V) reports that assay results from two of five holes on its Myrtle claims have intersected high-grade gold mineralization.Situated near Wells, B.C., …
Starfield delineates 119 zone
Vancouver-based Starfield Resources (SRU-V) has cut more massive sulphides at its Ferguson Lake polymetallic project, near Rankin Inlet in Nunavut.In late August, Starfield discovered the so-called 11…
GREATEST VALUE TRADED, OCTOBER 29
ExchgVal($000s)HighLowCloseChangeOM Group*N13730312.558.708.95-21.95…
Cumberland finds sixth deposit at Meadowbank
Following summer drilling on the PDF prospect at the Meadowbank gold project in Nunavut, Cumberland Resources (CBD-T) is confident it has discovered a new deposit.The company spent $6.5 million at Mea…
Iamgold, Repadre agree to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have announced plans to merge in an all-share transaction that would see Repadre shares trade…
Black Swan eyes bedrock source of Brazilian diamonds
The recent acquisition of De Beers’ Brazilian assets has netted Black Swan Resources (BSW-T) not only the small Canastra-1 diamond-bearing kimberlite pipe but an extensive portfolio of mineral licence…
Kinross inks Omolon deal
Kinross Gold’s (K-T) 54.7%-owned Russian subsidiary, Omolon Gold Mining, has inked a deal with the Magadan administration and most of its Russian shareholders that will ensure the full payment of loan…
The Northern Miner — North American Mining Index (November 04, 2002)
68.10 (-0.33)(Sept. 30/98 = 100)…