Trading Summary (October 28, 2002)
The Toronto Stock Exchange was marginally better on Monday, with the S&P Composite advancing 13.50 points to 6,419.
News
Iamgold, Repadre ready to combine
Two of the smaller but richer companies in the gold business, Iamgold (IMG-T) and Repadre Capital (RPD-T), have ann…
Grupo Mexico eyes Mission closure
Vancouver – Diversified miner BHP Billiton (BHP-N) may not envision any further production cuts from its copper ope…
Drills spin at St. Jude’s Subriso and Hwini-Butre
Vancouver — St. Jude Resources (SJD-V) has kicked off its fall drilling campaign at its Subriso and Hwini-Butre pr…
PFN coasts on River Valley
A fifth phase of drilling has doubled the size of the River Valley palladium deposit in northern Ontario, reports Pacific North West Capital (PFN-T).Combined measured and indicated resources now stand…
Lending Rates (October 28, 2002)
as of 4 pm ET, Oct. 22, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.84LIBOR US$ 6-month1.84LIBOR US$ 1-year2.01Gold lease 3-month0.34Gold leas…
Far from fireproof
The news from Europe that Swedish-Swiss construction and engineering firm ABB Group had issued a profit warning, largely as a result of lawsuits against its U.S. unit, Combustion Engineering, is anoth…
Pierina founder Lowell among US Hall of Fame inductees
Renowned exploration geologist David Lowell is one of three new inductees into the American Mining Hall of Fame. He is also scheduled to speak at the awards banquet, slated for Dec. 7 at the Westin La…
Meridian falls slightly in Q3 (October 28, 2002)
Reno, Nev.-based Meridian Gold (MDG-T) has chalked up another profitable quarter, pocketing US$9.2 million for the three months ended Sept. 30 as revenue soared to US$33.6 million.The US10-per-share …
Partners pour gold at Magistral in Mexico
Equal partners Queenstake Resources (QRL-T) and privately held Midwest Mining have shipped their first gold bar from the Magistral project in Mexico’s Sinaloa state.Weighing 254 oz., the bar was sold …
Competition fetches prize jewelry
Katleho Photolo, a third-year student in the jewelry department at Technikon Pretoria, a technical college, was the overall winner in AngloGold’s Riches of Africa 2002, a jewelry design competition.An…
Placer set to boost production profile (October 28, 2002)
Vancouver — Placer Dome’s (PDG-T) diminished share price is puzzling in light of the company’s improved financial performance, says President Jay Taylor.”I just can’t believe how the market has price…