Lending Rates (April 29, 2002)
as of 4 pm ET, Apr. 23, 2002(%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.94LIBOR US$ 6-month2.15LIBOR US$ 1-year2.71Gold lease 3-month0.39Gold leas…
News
The Northern Miner — North American Mining Index (April 29, 2002)
85.50 (+1.54)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (April 29, 2002)
79.22 (+0.98)(Sept. 30/98 = 100)…
Oil sands spell self-sufficiency for Canada
The recoverable portion of Canada’s crude bitumen resources, a black tarry hydrocarbon that coats the sands and carbonate sedimentary formations in the Athabasca, Cold Lake and Peace River regions of …
Suncor expands with Project Millennium
Suncor Energy (SU-T), Canada’s third-largest integrated oil company, is in the midst of a massive expansion of its Oil Sands operation, north of Fort McMurray, Alta., a move that should see the compan…
Gold Funds (April 29, 2002)
Gold Funds as at April 18, 2002Dundee Precious MetalsCentral FundNet Value$21.05$5.72Price$15.40$6.10…
WMC puts split vote on hold (April 29, 2002)
Diversified Aussie miner WMC (WMC-N) will postpone a vote by shareholders on a plan to divide into an aluminum unit and a diversified metals unit.Regulatory approval from the U.S. Securities & Exchang…
Teck takes hit in Q1
Vancouver — Poor base metal prices coupled with lower profits from power sales at Trail, B.C., substantially cut into Teck Cominco’s (TEK-T) net earnings during the first quarter.The major raked in a…
NAME CHANGES (April 29, 2002)
Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp (BDI-V) on a 1-new-for-7-old-share basis.Consolidated Logan Mines (CKO-V) has changed its name to Logan Resources…
Research for the masses
Last week we examined the unhappy case of Merrill Lynch, which is now the subject of an inquiry by New York State securities regulators and prosecutors. Evidence presented by the state has called the …
Silver output soars for Coeur
Vancouver — Production from both the newly commissioned Cerro Bayo mine in Chile and the recently acquired Martha mine in Argentina has Coeur d’Alene Mines (CDE-N) set to increase silver output by 50…
Mining suppliers honoured
The Global Traders Awards recently honoured three mining supply firms and a national export trade association at a ceremony in North Bay, Ont. The awards recognize excellence in exporting.Bonfield, On…