Cameco, partners buy BE’s Bruce Power interest
The world’s largest uranium producer is adding to its portfolio of downstream uranium assets.Just before the Christmas break, Saskatoon-based Cameco (CCO-T) joined forces with TransCanada PipeLines (T…
News
Ivanhoe extends Far North Oyu zone
Vancouver — Geophysical surveying of the Turquoise Hill copper-gold project in Mongolia indicates that the Southwest, Central and Far North Oyu zones are all part of one mineralizing system.Ivanhoe M…
Alcoa
A new estimate indicates that the past-producing Macassa mine has a proven and probable reserve of 726,000 tonnes grading 15.4 grams gold per tonne, or 356,300 oz. gold.Kirkland Lake Gold (KGI-V) repo…
Iamgold-Repadre merger goes through
Following a positive vote by its shareholders and an order in the Ontario Superior Court, gold royalty company Repadre Capital (RPD-T) has been merged into Iamgold (IMG-T).The friendly merger, agreed …
Resource stocks turn cold in new year
Although still 14% lighter than a year ago, the Toronto Stock Exchange composite index gained a hefty 155.16 points over the Dec. 31-Jan. 7 report period to finish at 6,772.66.Gold nosedived at first,…
Alcoa posts surprise loss
Alcoa (AA-N) posted a fourth-quarter loss of US$223 million after announcing plans to cut 8,000 jobs at 70 locations worldwide. The loss represents US27 per diluted share.By comparison, the company i…
LME Warehouse Levels (January 13, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 7 (change from Dec. 27 in brackets):MetalStock(tonnes)ChangeAluminium1237275(-12…
AngloGold provides AIDS drugs
AngloGold of South Africa has been administering antiretroviral therapy (ART) to workers suffering from HIV/AIDS.The treatment is the first stage of the project announced by AngloGold and Anglo Americ…
ECU most active trader during skittish week.
Vancouver — Mining stocks continued to move and shake on Canada’s junior exchange during opening days of 2003. The S&P composite index closed up 43.08 points, or 4.1% of its value, to finish the week…
Exchange Rates (January 13, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31US$ in C$1.55921.55961.56651.5747…
MOST ACTIVE ISSUES, DEC. 31-JAN. 7
ExchgVol(000s)HighLowCloseChangeMcWatters MngT270570.310.240.29+0.03…
Canadian Stock Exchange Indices (January 13, 2003)
DateJan. 7Jan. 6Jan. 3Jan. 2Dec. 31HighLowTSX Composite…