MOST ACTIVE ISSUES, OCTOBER 29
ExchgVol(000s)HighLowCloseChangeNelson ResT333440.650.550.60+0.05…
News
Daily Metal Prices (November 04, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23Al Alloy1255/126…
Blacks to own 26% of SA mines under new charter
The revised South African mining charter calls for 26% of every mine to be under black ownership within 10 years and for white-owned companies to help raise the R100 billion needed to achieve this obj…
Financing in hand for Samira Hill project (November 04, 2002)
The African Development Bank (ADB) has approved a US$12.5-million loan to La Socit des Mines du Liptako (SML) to finance the Samira Hill-Libiri gold mining project in Niger.SML is 80%-held by Africa…
Ariane confirms French Guiana grades
Vancouver — Initial results from ongoing drilling by Ariane Gold (AGD-T) have confirmed that high-grade zones occur in a broad gold resource at the Camp Caiman project in French Guiana.The infill pro…
St. Jude drills for gold in Ghana
Vancouver — St. Jude Resources (SJD-V) has launched a drilling campaign designed to trace the strike and downdip extension of high-grade zones at the Subriso and Hwini-Butre prospects in Ghana, West …
Ashanti ends profitable quarter (November 04, 2002)
Ghanaian gold producer Ashanti Goldfields (ASL-N) maintained its profitability in the third quarter, while the pressure of near-term debt continued to subside. Ashanti made US$22.5 million (or US18 p…
Smooth sailing as Ekati celebrates fourth year
The Ekati mine in the Northwest Territories is celebrating its fourth anniversary on a note of considerable achievement: production of more than US$1.6 billion worth of diamonds to date.Ekati was brou…
LME Warehouse Levels (November 04, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 29 (change from Oct. 22 in brackets):MetalStock (tonnes)ChangeAluminium1273975(-…
Exchange Rates (November 04, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23US$ in C$1.56311.56051.56…
Resource stocks mixed as broad markets gain
The Toronto Stock Exchange Composite index coasted through the Oct. 23-29 report period, rising a mere 3.15 points to finish the week at 6,294.81.Gold was up US$3.75 in overseas markets, landing at a …
Bulls battle bears to a draw
Vancouver — Canada’s junior exchange saw little change during the report period ended Oct. 29 as investors appeared unwilling to make any big bets ahead of crucial economic reports due later in the w…