People (February 03, 2003)
Apex Silver Mines — Igor Levental appointed VP of investor relations and corporate development.Cattron Theimeg — Frank Rudge appointed VP and managing director.Coeur D’Alene — James Sa…
News
LME Warehouse Levels (February 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 28 (change from Jan. 21 in brackets):MetalStock(tonnes)ChangeAluminium1217775(-8…
Spot Prices Wednesday January 29, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$369.85+10.60Silver$4.85+0.02Platinum$649.00+1.00…
Lending Rates (February 03, 2003)
as of 4 pm ET, Jan. 28, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.42Gold lease 3-…
Daily Metal Prices (February 03, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 28Jan. 27Jan. 24Jan. 23Jan. 22Al Alloy1425/139…
Exchange Rates (February 03, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 28Jan. 27Jan. 24Jan. 23Jan. 22US$ in C$1.53601.52481.52211.5…
War fears dampen market
U.S. stock exchanges fell again, during the report period Jan. 22-28, passing their year-end levels on the way and wiping out the New Year rally. The Standard & Poor’s 500 index fell 29.08 points to c…
Central Fund adds to gold, silver holdings (February 03, 2003)
Toronto-based Central Fund of Canada (CEF.A-T) has raised US$15.3 million in order to expand its precious metals holdings.The fund is selling 3.5 million class A shares in the U.S. at US$4.37 apiece, …
TVX, Kinross hampered by legal disputes
Only days before shareholders were scheduled to vote on a proposed 3-way merger, two of the companies involved, TVX Gold (TVX-T) and Kinross Gold (K-T), were facing legal disputes.TVX announced that a…
QGX doubles working capital
Waterdown, Ont.-based QGX (QGX-V) has raised $3 million for its Golden Valley gold project in Mongolia.The company sold 2.5 million shares at $1.20 apiece, compared to the 2.8 million shares it sold i…
Iamgold execs cash in options
Recent insider trading transactions reported by the Ontario Securities Commission include the following:n Aurizon Mines (ARZ-T) — Ian Walton, director, sold 10,000 shares at $1.32 apiece to hold 764,…
Vaughn addresses CIM
Globalization and its effects on Canadian mining will be the topic of a talk delivered by Steve Vaughan, a partner with Toronto law firm McMillan Binch, at the next luncheon of the Canadian Institute …