Trading Summary (December 17, 2001)
News of a multi-billion dollar takeover in the financial sector helped pumped a quiet Toronto Stock Exchange up 89.
News
Golden Star boosts Bogoso-Prestea resource
After further analysis of existing data, Golden Star Resources (GSC-T) has upped the combined resource estimate at…
Otish rocks diamondiferous (December 17, 2001)
Vancouver — Diamond counts have determined the favourable nature of two kimberlitic bodies in the Otish Mountains…
Bema Gold raises $7 million for Julietta
Vancouver — Bema Gold (BGO-T) has arranged a $7 million financing through Canaccord Capital and Haywood Securitie…
Teck Cominco envisions larger zinc district in Alaska
Vancouver — With Red Dog in northwestern Alaska already the highest-grade zinc mine in the world, Teck Cominco (TEK-T) is hopeful recent drill results will enable it to outline a zinc district potent…
News – 17-DEC-01
Base metals tumble, gold stagnant
As expected, base metals fell sharply during the period Dec. 3-7. Moreover, after breaking through key technical levels and closing poorly at the end of the week, further declines look probable in the…
The Northern Miner — North American Mining Index (December 17, 2001)
66.19 (-0.69)(Sept. 30/98 = 100)…
Gold Funds (December 17, 2001)
Gold Funds as of December 6, 2001Dundee Precious MetalsCentral FundNet Value$12.93$5.31Price$9.15$5.25…
Lending Rates (December 17, 2001)
as of 4 pm Dec. 11, 2001 (%)Bank of Canada2.50Canadian Prime4.00U.S. Discount1.25U.S. Prime5.00LIBOR 3-month1.90LIBOR 6-month1.93LIBOR 1-year2.36Gold lease 3m0.9131Gold lease 1yr1.4087-…
The Northern Miner — Small Producers Index (December 17, 2001)
45.37 (-0.92)(Sept. 30/98 = 100)…
Newmont trumps bid by AngloGold
The takeover battle for Normandy Mining (NDY-T) has entered a new round, with Newmont Mining (NEM-N) countering AngloGold’s (AU-N) latest bid by offering twice as much cash.Newmont is now of…