West Raglan yields good nickel grades (September 08, 2003)
Vancouver The promise of additional nickel-copper discoveries in the Raglan belt of northern Quebec got a shot in…
Articles by Northern Miner Staff
WMC pairs up with China’s Jinchuan
Australia’s WMC Resources (WMC-N), the world’s third-largest nickel producer, has signed a US$650-million nickel-supply contract with China’s leading nickel producer, the Jinchuan Group.Under the deal…
Imperial drills Joss’alun project
Vancouver — Copper Ridge Explorations (KRX-V) reports that Imperial Metals (III-T) has commenced a 1,200-metre drill program on the company’s Joss’alun property in the Atlin area of British Columbia….
First Quantum scrapes by in Q2
Tax credits enabled First Quantum Minerals (FM-T) to overcome a net operating loss and record a small profit for the second quarter.Net earnings totalled US$64,000 in the three months ended June 30, c…
LME Warehouse Levels (September 08, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 2 (change from Aug. 26 in brackets):MetalStock(tonnes)ChangeAluminium1348000(+1…
Exchange Rates (September 08, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27US$ in C$1.3877Holiday1.38511.
Lending Rates (September 08, 2003)
as of 4 pm ET, Sept. 2, 2003(%)Bank of Canada target rate3.00Bank of Canada overnight rate2.99Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.04U.S. Prime4.00LIBOR US$ 3-…
Producer and Dealer Prices (September 08, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.50-11.25/lb.Copper: Comex Dec. US$0.832/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Holmer Gold, Acadian to merge
Juniors Holmer Gold Mines (HGM-V) and Acadian Gold (ADA-V) (formerly Tempus Corp.) are merging.Under the proposed deal, shares of Acadian and Holmer would be turned in for shares in the combined entit…
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Mustang gallops into Manchester
Mustang Minerals (YMU-T) has inked a deal to explore for nickel on Inco’s (N-T) Manchester property covering a 2.5-km stretch of the Manchester Offset dyke on the south range of the Sudbury igneous co…
Junior Exchange continues summer rally
Vancouver — Canada’s junior exchange continued its summer rally over the week ended Sept. 2. The S&P-TSX Venture Exchange composite index jumped 42.76 points, or 3.35%, and closed at 1,318.37.Verena …