The Northern Miner Indices (March 22, 2004)
North American Mining: 107.01 (-1.06)Small Producers: 125.08 (-3.68)(Sept. 30/98 = 100)…
Articles by Northern Miner Staff
Exchange Rates (March 22, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 16March 15March 12March 11March 10US$ in C$…
Canadian Stock Exchange Indices (March 22, 2004)
DateMarch 16March 15March 12March 11March 10HighLowTSX Composite8503.278434.418592.048503…
Mexgold closes deal for El Cubo
Using the proceeds from a $45-million private placement, Mexgold Resources (MGR-V) has acquired the El Cubo gold-silver mine in Mexico’s Guanajuato state.The Nova Scotia-based company paid US$13.5 mil…
Gulf International axes non-compete payments
Gulf International Minerals (GIM-T) has decided not to make any post-termination payments to recently ousted president and CEO Alastair Ralston-Saul.Earlier this year, the company agreed to pay Ralsto…
Eldorado writes down Sao Bento
Vancouver-based Eldorado Gold (ELD-T) posted a net loss of US$45 million for 2003, largely because of a US$39.5-million writedown of the value of the Sao Bento gold mine in Brazil. By comparison, the …
Indonesia says mining will continue in protected forests
The Indonesian government will allow 13 mining companies to continue operations despite violations of the country’s forestry law.The move provides a boost to the mining industry after a controversial …
Producer and Dealer Prices (March 22, 2004)
Antimony: Mid-mkt US$2,915/t.Bismuth: Mid-mkt US$3.15/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$24-28.50/lb.Copper: Comex May US$1.366/lb.Indium: Indium Corp., ingot, US$485/kg.
NAP nearly doubles production (March 22, 2004)
With the new primary crusher at its Lac des les mine, near Thunder Bay, Ont., fully operational, North American Palladium (PDL-T) enjoyed a profitable fourth quarter.During the three months ended Dec…
The trouble with gold
The following is an excerpt from The Trouble with Gold . . . a promising treasure from Cripple Creek, a novel by Jim Davis, a Colorado geologist and prospector. The story concerns a man searching for …
Happier prospects
We’ve mentioned before in this space that the annual convention of the Prospectors and Developers Association of Canada is the best place to judge the mood of the mineral exploration business, but not…
BHP streamlines management
The biggest corporate shuffle during the period ended March 16 was carried out by the world’s largest mining company, BHP Billiton. The major has brought its customer-sector-groups division under thre…