News

Exchange Rates (March 31, 2003)

CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 25March 24March 21March 20March 19US$ in C$1.47751.48011.4907…



Partners eye Campbell lookalike

Last year’s discovery of a large, gold-bearing carbonate alteration halo northwest of the historic Madsen mine in northwestern Ontario has prompted Placer Dome (PDG-T) to triple its exploration budget…


Newmont buys out Moydow at Ntotoroso

Moydow Mines International (MOY-T) is selling its half-interest in the Ntotoroso gold project in Ghana to equal partner Newmont Mining (NEM-N) for US$20 million in shares and cash.The Ntotoroso proper…


Alcoa inks deal with Bombardier

American aluminum giant Alcoa is supplying Montreal-based Bombardier Aerospace with structural components and wing and fuselage skins for regional and business jets, including the Bombardier CRJ serie…


Cambior trims hedgebook

Cambior (CBJ-T) has repurchased 189,000 oz. gold from its hedging program at an average price of US$342 per oz.Of those ounces, 134,000 will go toward closing out hedging contracts in 2003, resulting …



Lending Rates (March 31, 2003)

as of 4 pm ET, Mar. 25, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.29LIBOR US$ 6-month1.28LIBOR US$ 1-year1.40Gold lease 3-…



Producer and Dealer Prices (March 31, 2003)

Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.20-10.30/lb.Copper: Comex May US$0.771/lb.Indium: Indium Corp., ingot, US$110/kg.Iridium…


Semafo fills in Wona (March 31, 2003)

Ongoing reverse-circulation drilling by Semafo (SMF-T) has confirmed the continuity of mineralization over the 800-metre northern portion of the Wona oxide gold deposit in Burkina Faso.The drilling al…



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