Lending Rates (March 04, 2002)
as of 4 pm ET, Feb. 26, 2002(%)Bank of Canada2.25Canadian Prime3.75U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.90LIBOR US$ 6-month2.05LIBOR US$ 1-year2.46Gold lease 3-month0.6613Gold le…
News
The Northern Miner — North American Mining Index (March 04, 2002)
80.14 (+3.13)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (March 04, 2002)
67.80 (+1.38)(Sept. 30/98 = 100)…
Gold Funds (March 04, 2002)
Gold Funds as of February 21 2002Dundee PreciousCentral MetalsFundNet Value$18.07$5.63Price$13.50$6.
GREATEST VALUE TRADED, FEB. 20-26
ExchgVal($000s)HighLowCloseChangeAlcoa*N57472938.5035.8537.50+2.02…
Higher cash flow buoys Cambior
Despite taking a US$5.4-million writedown on its Omai gold mine in Guyana, Cambior (CBJ-T) managed to post a profit during the last three months of 2001. It was the first time the Montreal-based compa…
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
Coeur d’Alene reduces losses (March 04, 2002)
Vancouver — Debt restructuring helped Coeur d’Alene Mines (CDE-N) trim its losses in 2001.The Idaho-based company posted a loss of US$3.1 million (or US7 per share) for the year, compared with a los…
NAME CHANGES (March 04, 2002)
Colerain Mining (CRI-V) has changed its name to Amex Exploration (AMX-V) on a 1-new-for-10-old-share basis.Battlefield Mineral (BFM-V) has changed its name to BM Diamondcorp…
Yatela props up Iamgold
Thanks to newfound production from the Yatela mine in western Mali, Iamgold (IMG-T) set a production record in 2001.The company, which owns 40% of Yatela and 38% of its bigger sister, Sadiola, produce…
Glamis’ growth hinges on San Martin, Marigold mines
Debt-free and totally unhedged, Glamis Gold (GLG-T) returned to profitability in 2001, as demonstrated by a 140% appreciation of its share price on the Toronto Stock Exchange, better than any other No…
Pannell replaces Hushovd at Falconbridge (March 04, 2002)
After five years at the helm of Falconbridge (FL-T), Oyvind Hushovd has been replaced by Derek Pannell, who is also president of Noranda (NRD-T).Hushovd’s sudden replacement ends a 27-year career that…