Trading Summary (December 30, 2002)
Toronto’s gold stocks shed 5.18 points or 2.54% of value as the yellow metal retreated US$5.30 to US$343.60 per oz.
News
Provenor grabs stake in Fenelon extension
Montreal-based Provenor Inc. (PVN-V) has inked a deal to take a 51% interest in three claim blocks, covering about…
Kirkland Lake raises Macassa cash
Kirkland Lake Gold (KGI-V) (formerly Foxpoint Resources) has raised more than $4.7 million via a private placement…
BHP unloads CVRD stake (December 30, 2002)
Vancouver – Seeing little strategic value in holding on to its stake in iron ore producer Companhia Vale do Rio Doc…
Gold touches US$355 per oz.
Gold bugs were particularly exultant during the report period ended Dec. 20 as the yellow metal surged to US$355 per oz. on Dec. 19. during intra-day, European trading.However, any belief in gold is s…
Editorial Cartoon (December 30, 2002)
GREATEST VALUE TRADED, DEC. 18-20
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N50993329.3027.6028.61+0.56…
MOST ACTIVE ISSUES, DEC. 18-20
ExchgVol(000s)HighLowCloseChangeKinross GoldT258063.723.313.44+0.19…
Rosebel gold project enters homestretch (December 30, 2002)
Cambior (CBJ-T) is a step closer to construction at its Rosebel gold project in Suriname after that country’s National Assembly agreed to remove state-owned Grassalco’s option on the project.Under a 1…
Partners boost Maverick
Vancouver — Drilling by partners Silver Standard Resources (SSO-V) and Colorado-based Vista Gold (VGZ-T) has intersected mineralization outside the known resource on the Maverick Springs property, so…
Investors bid up junior golds
Vancouver — Santa Claus brought early Christmas presents to Canada’s junior exchange over the holiday-shortened report period ended Dec. 20 as investors placed bets that 2003 will be a good year for …
Goldcorp deepens High Grade zone again
Two recent holes drilled at the Red Lake mine in northwestern Ontario have extended the producing High Grade zone another 122 metres at depth, reports Goldcorp (G-T).Hole 34, drilled from the 37 level…