Lending Rates (September 23, 2002)
as of 4 pm ET, Sept. 17, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.83LIBOR US$ 6-month1.83LIBOR US$ 1-year1.99Gold lease 3-month0.28Gold lea…
2002
Write MPs about flow-through shares
The Prospectors & Developers Association of Canada is asking its members to participate in a letter-writing campaign to their members of Parliament in support of measures that would make the “super” f…
Producer and Dealer Prices (September 23, 2002)
Antimony: Recent trades: US$1,950-2,150/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.40-7.15/lb.Copper: Comex December US$0.68…
Base metals enjoy rally
Sept. 9-13 at a Glanceo Copper — The large net short could enable a rally on a sustainable basis if the economy improves.o Aluminum — U.S. demand data are still weak but show possible early signs of…
NAME CHANGES (September 23, 2002)
Tellis Gold Mining (TLL-V) has changed its name to Bannockburn Resources (BKN-V) on a 1-new-for-3-old-share basis.Brazilian International Goldfields (BGZ-V) has changed its name to…
Tan Range strikes gold at Lunguya (September 23, 2002)
Preliminary drilling by Tan Range Exploration (TNX-T) has intersected two gold-bearing structures at the Lunguya property in Tanzania’s Lake Victoria Goldfields district.Dubbed East and West, the quar…
AfriOre gains gold interests in Africa
Continuing its trek to become a gold producer, metal-explorer-turned-coal-miner AfriOre (AFO-T) has wrapped up two deals to gain interests in gold exploration projects in Mali and South Africa.In Mali…
Seabridge lures Noranda to BC
Vancouver — Junior Seabridge Gold (SEA-V) has signed a deal enabling Noranda (NRD-T) to earn a majority stake in the Kerr-Sulphside gold-copper project in northern British Columbia.Under the agreemen…
Aussie success drives LionOre’s growth
Perth, Australia — The last couple of years have been stellar ones for LionOre Mining International (LIM-T). Through timely acquisitions and a string of grassroots discoveries in Western Australia, t…
Potentilla proves a bust
Vancouver — A mini-bulk sample collected from the Potentilla kimberlite on the Kikerk Lake property in Nunavut’s north Slave Craton region has fallen short of expectations.The Kikerk Lake property is…
Magistral nears production (September 23, 2002)
With about 20,000 tonnes of crushed ore stacked on the leach pad, equal partners Queenstake Resources (QRL-T) and privately owned Midwest Mining have begun leaching operations at the Magistral gold pr…
Southwestern expands in China
An agreement with a governmental agency has given Southwestern Resources (SWG-T) the right to explore the Boka gold property in the southern province of Yunnan, China.The grant allows Southwestern to …