TVX, Echo Bay give nod to Kinross merger
TVX Gold (TVX-T) shareholders have approved a proposed 3-way merger with Kinross Gold (K-T) and Echo Bay Mines (ECO-T).Kinross recently announced a 3-old-for-1-new-share consolidation, and T…
2003
Inco posts loss despite nickel’s rise
Inco’s (N-T) US$1.6-billion writedown during the summer on its Voisey’s Bay project in Labrador, combined with a host of other added costs, pushed Canada’s nickel giant deeply into the red in 2002.For…
Lending Rates (February 10, 2003)
as of 4 pm ET, Feb.4, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.44Gold lease 3-mo…
Stronger gold pays off in Burkina Faso
The recent surge in the price of gold has revitalized exploration in Burkina Faso, a pocket of Africa known more for its poverty than for its wealth of mineral resources.Burkina Faso first emerged as …
Cambior builds Rosebel mine
Cambior (CBJ-T) has begun building the Rosebel gold mine in northern Suriname, with political risk coverage underwritten by a group including Export Development Canada.Cambior will spend US$95 million…
Diamonds among best bets for ’03
The Northern Miner asked several followers of the junior mining sector for their recommendations and predictions for 2003. Last week we heard from John Kaiser and Donald Poirier. This week, James Must…
Producer and Dealer Prices (February 10, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.50-8.00/lb.Copper: Comex Mar US$0.7795/lb.Indium: Indi…
GREATEST VALUE TRADED, JAN. 29-FEB. 4
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N59697430.0028.5829.79+0.33…
LME Warehouse Levels (February 10, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 5 (change from Jan. 28 in brackets):MetalStock(tonnes)ChangeAluminium1195400(-22…
US markets slide, golds mixed
Markets in the U.S. continued their downward spiral during the Jan. 29-Feb. 5 report period, as calls for war against Iraq grew louder in Washington. The S&P 500 slipped 10.34 points, or 1.2%, to clos…
Pele drills Ardeen
Junior Pele Mountain Resources (gem-v) will sink two holes at its Ardeen project, near Thunder Bay, Ont., to test for high-grade gold mineralization.The first is targeting a geophysical anomaly outlin…
Canadian Stock Exchange Indices (February 10, 2003)
DateFeb. 4Feb. 3Jan. 31Jan. 30Jan. 29HighLowTSX Composi…