Rate cuts boost junior market
Vancouver — Anticipating a cut in the U.S. Federal Reserve rate, investors started to nibble on stocks during the week ended Nov. 5. As a result, the Venture Exchange’s S&P Composite Index jumped 27….
News
The Vandoos and don’ts
Exploring for minerals in the sleepy, rural districts of Nova Scotia can sometimes produce trials and tribulations.In the late 1960s, I wanted to drill just one hole for barite in Sam King’s sheep pas…
McWatters to restart Sigma-Lamaque mill
Having suspended operations at its Kiena underground mine in Val d’Or, Que., McWatters Mining (MWA-T) is looking to regain its gold-producing status by reopening the nearby and newly expanded Sigma-La…
Editorial Cartoon (November 11, 2002)
NAME CHANGES (November 11, 2002)
Redstar Resources (RST-V) has changed its name to Redstar Gold (RGC-V) on a 1-new-for-6-old-share basis.
Atlas Copco signs deal with DMC Drilling
Atlas Copco has signed a partnership agreement with Coniston, Ont.-based DMC Drilling Supplies to service the underground diamond drilling community in Sudbury, Ont.DMC has spent the past 10 years sup…
Spot Prices Wed. November 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$317.50+$0.35Silver$ 4.50+$0.02…
Kumtor hurts Cameco
A pit failure at the Kumtor gold mine in Kyrgyzstan more than halved Cameco’s (CCO-T) earnings in the third quarter.For the three months ended Sept. 30, Cameco pocketed $7 million (or 12 per share) o…
GQ yields more diamonds
Six of seven heterolithic breccia outcrops on Band-Ore Resources’ (BAN-T) GQ property, near Wawa, Ont., have returned diamonds.The best results came from the Rainbow zone, where a 54-kg sample from a …
Exchange Rates (November 11, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 5Nov. 4Nov. 1Oct. 31Oct. 30US$ in C$1.55621.55501.5576…
MOST ACTIVE ISSUES, OCT. 30 – NOV. 5
ExchgVol(000s)HighLowCloseChangeOM Group*N273999.286.156.38-2.57…
LME Warehouse Levels (November 11, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 5 (change from Oct. 29 in brackets):MetalStock (tonnes)ChangeAluminium1296925(+2…