Trading Summary (November 04, 2002)
The Toronto Stock Exchange followed most of the world’s other bourses higher on Monday, with the S&P TSX Composite…
News
BHP opts out of Tabletop
Vancouver – Disappointing drill results from a 658 metre drill program has prompted BHP Billiton (BHP-N) to stop wo…
Olympus active in Vietnam
Vancouver – Despite cutting encouraging gold values during a newly completed 2,300 metre drill program at the Khe R…
McWatters to restart Sigma mill soon
Having recently suspended operations at its Kiena underground mine in Val d’Or, Que., McWatters Mining (MWA-T) is l…
Starfield delineates 119 zone
Vancouver-based Starfield Resources (SRU-V) has cut more massive sulphides at its Ferguson Lake polymetallic project, near Rankin Inlet in Nunavut.In late August, Starfield discovered the so-called 11…
Charter empowers SA miners
South Africa’s new Broad-Based Socio-Economic Empowerment charter is the product of a process that reaffirms the mining sector’s willingness to aid and promote wealth creation opportunities for histor…
Barrick sees earnings slide
Barrick Gold (ABX-T) has posted disappointing earnings of US$34 million (or US6 per share) for the third quarter, owing to lower-than-anticipated grades and recovery rates at several of its operation…
Bulls battle bears to a draw
Vancouver — Canada’s junior exchange saw little change during the report period ended Oct. 29 as investors appeared unwilling to make any big bets ahead of crucial economic reports due later in the w…
Resource stocks mixed as broad markets gain
The Toronto Stock Exchange Composite index coasted through the Oct. 23-29 report period, rising a mere 3.15 points to finish the week at 6,294.81.Gold was up US$3.75 in overseas markets, landing at a …
Exchange Rates (November 04, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23US$ in C$1.56311.56051.56…
LME Warehouse Levels (November 04, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 29 (change from Oct. 22 in brackets):MetalStock (tonnes)ChangeAluminium1273975(-…
Smooth sailing as Ekati celebrates fourth year
The Ekati mine in the Northwest Territories is celebrating its fourth anniversary on a note of considerable achievement: production of more than US$1.6 billion worth of diamonds to date.Ekati was brou…