Blanchard proceeds with lawsuit
New Orleans-based Blanchard and Co., the largest retail gold dealer in the U.S., received word from the U.S. District Court for the Eastern District of Louisiana that its lawsuit against Barrick Gold …
Articles by Northern Miner Staff
Fundamental reasons to own gold
1. Existence of a huge and growing gap between mine supply and traditional demand.Gold mine supply is roughly 2,500 tonnes per annum and traditional demand (jewelry, industrial users, etc.) has exceed…
West Raglan yields good nickel grades (September 15, 2003)
Vancouver — The promise of additional nickel-copper discoveries in the Raglan belt has turned into a reality with partners Knight Resources (KNP-V) and Anglo American (AAUK-Q) tallying encouraging dr…
Spot Prices Wed., Sept. 10, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$381.15+8.95Silver$5.21+0.23Platinum$703.00-9.00P…
Exchange Rates (September 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3US$ in C$1.36711.37071.37111.3…
LME Warehouse Levels (September 15, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 9 (change from Sept. 2 in brackets):MetalStock(tonnes)ChangeAluminium1344100(-3…
Producer and Dealer Prices (September 15, 2003)
Antimony: Mid-mkt US$2,245/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.61/lb.Cobalt: Recent trades US$9.75-10.70/lb.Copper: Comex Dec. US$0.82/lb.Indium: Indium Corp., ingot, US$180/kg.Iridium…
Canadian Stock Exchange Indices (September 15, 2003)
DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3HighLowTSX Composite7596.517636.017612.507594.85…
De-hedging accelerates
Against a backdrop of higher gold prices and lower interest rates, the global gold hedge book saw 5.2 million oz. trimmed from its pages during the three months ended June 30, helping to underpin the …
Tan Range’s royalty structure unique among explorers
Amongst all the junior exploration companies out there, Tan Range Exploration (TNX-V) stands alone in fully embracing the royalty business model to advance its grassroots mineral projects.Based in Van…
Setting down Tanzanian roots
James Sinclair has a long history of gold-exploration activity in Tanzania, having entered the country in 1989 by becoming chairman of Vancouver-based Sutton Resources.Sutton was created in part by a …
Noranda tackles its enormous debt
Having spent the last two years fine-tuning its operations, Noranda (NRD-T) has begun trimming its debt-loaded balance sheet.In 2002, Noranda saw its total consolidated debt (excluding short-term bank…