Lending Rates (December 16, 2002)
as of 4 pm ET, Dec. 10, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.43LIBOR US$ 1-year1.59Gold lease 3-…
News
GREATEST VALUE TRADED, DEC. 4 – 10
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N57136826.9224.3326.14+1.81…
Kyoto won’t hurt mining
Canada’s mining industry has been a constructive contributor to our shared search for solutions to environmental challenges.In addition to representing the economic interests of your sectors, you [in …
Turning preservationism on its head Breaking the frame
Parked, they call it.Ontario prospectors have been living with the consequences of the province’s Living Legacy policy for nearly four years now. Living Legacy, the outgrowth of the divisive and destr…
First Quantum raises funds (December 16, 2002)
First Quantum Minerals (FM-T) will issue 5.5 million special warrants to raise nearly $18 million in an attempt to finance work at its assets in Zambia.The warrants are fixed at $3.25 apiece and entit…
Intertech Minerals
Intertech Minerals (IML-V) has changed its name to Mantle Minerals (MIN-V) on a 1-new-for-8-old-share basis.
Southwestern drills Boka
The recovery of multi-ounce grades from adits has prompted Southwestern Resources (SWG-T) to launch a drill program at the Boka gold project in China’s Yunnan province.The 2,000-metre program will try…
Junior exchange edges up
Vancouver — Canada’s junior exchange posted modest gains over the week ended Dec. 10. The S&P-TSX Venture Exchange composite index tacked on 6.05 points, or 0.63% of its value, and closed at 966.24.P…
Drill results keep Cdn. Royalties keen at Mesamax
Vancouver — Canadian Royalties (CZZ-V) has tabled encouraging assay results for 11 additional holes drilled on its Mesamax prospect in northern Quebec.Mesamax is part of the Expo-Ungava property, whi…
Editorial Cartoon (December 16, 2002)
Diavik nears startup
Construction of the Diavik diamond mine, in the Northwest Territories, is expected to be close to completion by year-end.London-based Rio Tinto (RTP-N) and its Canadian partner, Aber Diamond (ABZ-T), …
Rubicon tests Rivard
Vancouver — A first phase of drilling by Rubicon Minerals (RMX-V) at its recently acquired Rivard gold project in northwestern Ontario is investigating mineralization downdip of surface occurrences.S…