Lending Rates (December 23, 2002)
as of 4 pm ET, Sept. 10, 2002(%)Bank of Canada2.75Canadian Prime4.50U.S. Discount0.75U.S. Prime4.25LIBOR US$ 3-month1.41LIBOR US$ 6-month1.42LIBOR US$ 1-year1.56Gold lease 3-month0.26Gold lea…
News
Spot Prices Wed. December 18, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$337.05+13.30Silver$4.62-0.01Platinum$598.00+3.00…
Canadian Stock Exchange Indices (December 23, 2002)
DateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11HighLowTSX Composite6621.52…
Book Review: ‘Why Mining?’ takes a populist approach
DONALD WORTH – Why Mining?David McKay was born and raised near mines in British Columbia’s interior, where his grandfather ran a small placer operation. Nevertheless, he enrolled in civil engineering …
Indian miners return to work
Thousands of miners in the northwestern Indian state of Rajasthan were allowed back to work after a court lifted a ban on mining operations there.The government had suspended operations in more than 6…
Gold in luxury goods
AngloGold, South Africa’s largest gold producer, is urging the luxury goods sector not to discount gold in the fight for discretionary spending, which in the U.S. accounts for US$174 billion.Speaking …
Trading Summary (December 20, 2002)
With gold dropping US$5.80 to US$340.30 per oz. in New York, Toronto’s Gold Index shed 2.87 points or about 1.5% to…
Coal battle flares up
Fording took a swipe at the Sherritt Coal Partnership II’s revised offer on Friday, calling it a "smoke and mi…
Cumberland awards Meadowbank feasibility
Vancouver — Cumberland Resources (CBD-T) has awarded AMEC the contract to perform the feasibility study for its wh…
Radius hits hot holes at Holly
Vancouver – With the price of gold moving to 5-year highs, junior Radius Exploration (RDU-V) could not have picked…
Rio Narcea joins Outokumpu in Spain (December 20, 2002)
Rio Narcea Gold Mines (RNG-T) has agreed to a phased earn-in at Finnish-based Outokumpu’s Lugo properties in northe…
Noranda puts El Morro on hold
Vancouver – Noranda (NRD-T) has tabled a 2003 budget of only US$830,000 for Metallica Resources’ (MR-T)El Morro cop…