Newmont enjoys robust quarter
Vancouver – The world’s largest gold miner ended 2001 on a strong note and expects 2002 to be even better.Newmont Mining (NEM-T) posted a profit of US$20.2 million (or US10 per share) in the fourth q…
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Lending Rates (February 18, 2002)
as of 4 pm ET, Feb. 12, 2002 (%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75…
Spot Prices Wed. February 13, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$297.40-$0.05Silver$ 4.44-$0.04Platinum$467.00+$…
LME Warehouse Levels (February 18, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 12 (change from Feb. 5 in brackets):MetalStock (tonnes)ChangeAluminium875450(+10…
CDNX Rights and Warrants
Akrokeri-Ashanti Gold Mines — Wt. buys sh @ 22 to Dec. 19/02Barton Bay — Wt buys sh @ $1.10 to June 1/02.Franco-Nevada — Wt. buys 3.08 common sh @ $100.00 to Nov. 23/03Gol…
Kaiser thrown US$300m lifeline
Nosediving 50% to US35, Kaiser Aluminum won the flameout-of-the-week award by filing for bankruptcy protection and obtaining US$300 million in debtor-in-possession financing from the Bank of America….
Samex the volume leader on CDNX
Vancouver — Canada’s junior exchange managed to post a modest gain over the week ended Feb. 12. The Standard & Poor’s-CDNX composite index tacked on 11.54 points, or 1%, to close at 1152.87.Samex Min…
MOST ACTIVE ISSUES, FEB. 6-12
ExchgVol(000s)HighLowCloseChangeNewmont Mng*N3274525.9023.2523.97-1.10…
NWT’s CanTung mine now in full swing
Only six months after the start of plant rehabilitation, North American Tungsten (NTC-V) has entered production at its wholly owned CanTung mine in the Northwest Territories, about 310 km northeast of…
GREATEST VALUE TRADED, FEB. 6-12
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N78489525.9023.2523.97-1.10…
Kaiser files for protection (February 18, 2002)
Faced with a heavy debt load, depressed metal prices and a broad economic slowdown, Houston-based Kaiser Aluminum (KLU-N) and its operating subsidiary, Kaiser Aluminum & Chemical, have filed for bankr…
Mining operations keep Inmet profitable
Buoyed by operating earnings from all three of its mines, Inmet Mining (IMN-T) closed the year with a net profit of $18.9 million (44 per share) on revenue of $106.8 million.The figure was a substant…