Wheaton River gains Aussie, Argentine assets
Vancouver — In a deal that more than doubles its production, Wheaton River Minerals (WRM-T) has agreed to buy Rio Tinto’s (RTP-N) Peak gold mine in Australia along with the major’s 25% stake in Argen…
News
Rosy forecast for base Metal Prices
Despite prevailing macro uncertainties we are expecting a substantial improvement in base metal prices this year.The risk remains that economic growth will continue to disappoint and that a second rec…
Greek gov’t suspends work at TVX’s Stratoni
Mining has been suspended again in parts of TVX Gold’s (TVX-T) Stratoni silver-lead-zinc operation, 65 km east of the Greek port of Thessaloniki.The Greek Ministry of Development told the company the …
MOST ACTIVE ISSUES, JANUARY 8-14
ExchgVol(000s)HighLowCloseChangeSouth Am Gld&CT411310.130.080.10+0.03…
‘Six Sigma’ solves problems
The “Six Sigma” system has been around for some time. For those who have been out of the picture or are unaware of what Six Sigma is, I offer the following: it is the use of a rigorous, statistics-bas…
Editorial Cartoon (January 20, 2003)
Deflation: Making sure ‘it’ doesn’t happen here
(The author is a governor of the U.S. Federal Reserve Board.)Since the Second World War, inflation — the apparently inexorable rise in the prices of goods and services — has been the bane of central…
Gold was strongest major currency in 2002
The performance of the price of gold in 2002 largely reflects the fact that the professional investor has returned to the use of gold as a risk management tool. In the 1980s and for much of the 1990s,…
Lending Rates (January 20, 2003)
as of 4 pm ET, Jan. 14, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.38LIBOR US$ 6-month1.39LIBOR US$ 1-year1.52Gold lease 3-…
Goldcorp flush with cash (January 20, 2003)
Goldcorp (G-T) is turning into a powerful cash-generating machine.The mid-tier gold producer has boosted its dividend a third time, by 25% to US15 per share, and it will be paid out every two months …
Trading Summary (January 17, 2003)
The Toronto Stock Exchange saw slight but widespread declines on Friday, with every market sector except the energy…
Great Basin drills Burnstone (January 17, 2003)
Vancouver With Hecla Mining (HL-N) looking to put the Ivanhoe property into production by 2004, junior Great Basi…