CDNX posts gains in active week
Vancouver — Canada’s junior exchange entered the Christmas season on a bullish note, posting gains on all indices during the week ended Dec. 4. The Canadian Venture Exchange composite index added 15….
News
Gold Fields inks deal with Radius (December 10, 2001)
Vancouver — Already holding a 12% equity stake in Radius Explorations (RDU-V), South African-based Gold Fields (GOLD-Q) has inked a deal with the junior to earn up to a 70% stake in a portion of the …
Analysts cautious on Pan American Silver
Vancouver-based Pan American Silver (PAA-T) is best known for being one of the purest exposures to silver for investors, and also for having Microsoft’s Bill Gates as a shareholder in the form of a 13…
LME Warehouse Levels (December 10, 2001)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 4/01 (change from Nov. 27 in brackets):MetalStock (tonnes)ChangeAluminium722500(…
Noranda to idle Gasp copper smelter
Doing its bit to shore up copper prices, Noranda (NRD-T) will suspend production at the Gasp smelter in Quebec for at least six months, starting in May.Since January, copper has lost about 16% of its…
MOST ACTIVE ISSUES, NOV. 28-DEC. 4
ExchgVol(000s)HighLowCloseChangeBolidenT277280.390.180.28-0.03…
Gold Funds (December 10, 2001)
Gold Funds as of November 29, 2001Dundee Precious MetalsCentral FundNet Value$12.77$5.29Price$9.10$5.24…
Lending Rates (December 10, 2001)
% as of Dec. 3, 2001Bank of Canada2.50Canadian Prime4.00U.S. Discount1.50U.S. Prime5.00…
Alcoa proposes Labrador smelter
The Newfoundland government spent the Nov. 28-Dec. 4 report period assessing an Alcoa feasibility study into the possibility of reviving the stalled Lower Churchill hydroelectric project in Labrador. …
Spot Prices Wed. December 5, 2001
Precious MetalsPrice (US$/oz.)ChangeGold$275.75+$1.15Silver$ 4.15+$0.06Platinum…
The Northern Miner — Small Producers Index (December 10, 2001)
46.29 (+1.11)(Sept. 30/98 = 100)…
The Northern Miner — North American Mining Index (December 10, 2001)
66.88 (-0.18)(Sept. 30/98 = 100)…