Huaron powers Pan American’s quarter
Thanks to newfound production from its Huaron mine in Peru and La Colorada mine in Mexico, Pan American Silver (PAA…
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TSE Short Positions (May 13, 2002)
Short positions outstanding at April 30, 2002Larger individual positions includeAber Diamond 199,497 up 84,400; Agnico-Eagle 5,018,413 up 74,478; Amarc 228,500 up 102,000; Ashton…
Hedge trimmers lead the way
In the first five days of trading under its new moniker, the S&P/TSX composite index shed 85.93 points, or more than 1%, coming to rest at 7,561.37 on May 7.Inspired by a run up to US$312 per oz. on t…
Anglo gains Disputada for US$1.3 billion
Vancouver — Adding some muscle to its already-impressive base metals portfolio, London-based Anglo American (AAUK-Q) has agreed to buy Exxon Mobil’s (XOM-N) Chilean copper mining subsidiary for US$1….
Silver coin exceeds 100m oz. in sales
The U.S. Mint reports that sales of its American Eagle silver coin have topped 100 million oz.More than 100,700 of the 1-oz. coins have been sold since they were introduced in 1986. That’s equivalent …
NAME CHANGES (May 13, 2002)
Independent Res. (IDN-V) has changed its name to ILOVETV Entertainment (TV-V) on a 1-new-for-1-old-share basis.
Lending Rates (May 13, 2002)
as of 4 pm ET, May 7, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.07LIBOR US$ 1-year2.55Gold lease 3-month0.40Gold lease …
Junior golds awake from slumber
Vancouver — The first trading week of the month was a stellar one for junior explorers as rattled investors snapped up shares in gold-related companies. Nonetheless, the newly minted Standard & Poor’…
LionOre buys out Anglo’s Tati stake (May 13, 2002)
LionOre Mining International (LIM-T) has struck a US$75.9-million, all-cash deal to buy Anglo American’s (AAUK-Q) nickel interests in Botswana.The assets include a 43.35% stake in Tati Nickel Mining C…
CMHF calls for nominations
The Canadian Mining Hall of Fame’s (CMHF) board of directors has issued its annual call for nominations.The next group of inductees will be honoured at a ceremony in January 2003. Their names will be …
Agnico-Eagle buoyed by Q1 profits
Agnico-Eagle Mines (AGE-T) returned to profitability in the first quarter of 2002, after finishing 2001 with a loss of US$7.7 million.Net earnings in the recent quarter totalled US$477,000 (or 1 per …
GREATEST VALUE TRADED, MAY 1-7
ExchgVal($000s)HighLowCloseChangeBarrick GoldT58177834.0030.7032.32+0.67…