Axmin closes financing (January 06, 2003)
Junior gold explorer Axmin (AXM-V) has closed a non-brokered private placement of 4.2 million units priced at 30 apiece, for total proceeds of $1.2 million.Each unit consists of one share plus a half…
News
Exchange Rates (January 06, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24US$ in C$1.57891.5684HolidayHo…
Golden Star funds work in Ghana
Vancouver — With the price of bullion hitting US$350 per oz., Golden Star Resources (GSC-T) is advancing its mining properties in Ghana.The company filed a shelf offering to sell up to US$75 million …
BHP Billiton drops Ekati brand
London-based BHP Billiton has dropped its Ekati diamond brand in favour of Aurias, a brand already known in markets outside North America.The company previously sold diamonds under the Ekati brand nam…
Spot Prices Monday, December 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$348.50+4.60Silver$4.72+0.09Platinum$598.00+5.00P…
Producer and Dealer Prices (January 06, 2003)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.57/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.80/lb.Copper: Comex Mar US$0.704/lb.Indium: Indiu…
Intrepid enlarges Salvadoran gold target
Drilling by Intrepid Minerals (IAU-V) at the Aldea Zapote exploration concession, east of Metapan in the northwestern corner of El Salvador, has extended the property’s known silver mineralization dow…
Apollo raises $14.4 million for Montana Tunnels
One more sign that things are picking up in the gold business: Apollo Gold (APG-T) has completed a private placement of 6 million units priced at $2.40 each for gross proceeds of $14.4 million.A unit …
McWatters eyes Kiena revival (January 06, 2003)
Surface and underground drilling by McWatters Mining (MWA-T) has outlined new measured and indicated resources at the idled Kiena mine, near Val d’Or, Que.The resources, found in two zones, total 1.2 …
Daily Metal Prices (January 06, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 30Dec. 27Dec. 26Dec. 25Dec. 24Al Alloy1350/132…
Golds rise against tide
Rising gold shares were set off in contrast to most other market sectors after a poor three trading days on the U.S. exchanges, Dec. 23-27. The Dow, declining 207.54 points to 8,303.78, and the S&P 50…
TSE composite ends flat as gold rallies
The Toronto Stock Exchange moved sideways over the holiday-shortened report period, gaining a piddly 35.21 points. The composite index ended the Dec. 23-27 period at 6,595.83.Gold maintained its momem…