Exchange Rates (November 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13US$ in C$1.58521.59021.58…
News
Bema arranges bought-deal financing
Bema Gold (BGO-T) has entered into a bought-deal financing with a syndicate of firms led by Canaccord Capital and Haywood Securities, worth an initial $5 million, with an option that could gross as mu…
North American Palladium overcomes mill problems
Despite an operational setback, North American Palladium (PDL-T) earned $2.9 million in the third quarter as revenue soared beyond $42.7 million.In early September, North American was forced to shut d…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.
Canico cuts new zone
Vancouver — An ongoing 11,000-metre drill program has uncovered a new zone of nickel laterite mineralization at the Ona-Puma project in northern Brazil.Canico Resource (CNI-V) intersected the zone i…
Raglan area hot, junior market not
Vancouver — Canada’s junior exchange remained stuck in neutral despite a strong showing by select issues during the report period ended Nov. 19. The S&P TSX Venture Exchange composite index lost 1.54…
Gold Hawk dives as Meridian bails
Shares of Montreal-based junior Gold Hawk Resources (CGK-V) took a tumble after operator Meridian Gold (MNG-T) decided to drop the Machacala gold-silver project in Peru.In a prepared statement, Gold H…
Trading Summary (November 22, 2002)
Toronto’s gold stock enjoyed an afternoon surge by the yellow metal, gaining 1.42 points to end the week at 168.92…
Cambior secures US$65m for Rosebel
Cambior (CBJ-T) says it has received a commitment for US$65 million in new financing to put toward developing the R…
Horne workers vote no
Noranda (NRD-T) said late on Thursday that 510 unionized workers at its Horne copper smelter in Rouyn-Noranda, Queb…
Northgate advances Kemess North
Vancouver — Northgate Exploration (NGX-T) has launched a prefeasibility study over its Kemess North copper-gold pr…
Atna eyes Carlin gold
Vancouver – Shifting away from its traditional base metal roots, Atna Resources (ATN-T) has picked up two gold pros…