Castleworth drills Pan (August 11, 2003)
Vancouver — The first drill results from an ongoing program indicate an expansion of the resource at the Pan gold project in Nevada.Castleworth Ventures (WTH-V) has intersected encouraging values in …
Articles by Northern Miner Staff
LME Warehouse Levels (August 11, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 5 (change from July 29 in brackets):MetalStock(tonnes)ChangeAluminium1307100(+13…
Exchange Rates (August 11, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 5Aug. 4Aug. 1Aug. 31Aug. 30US$ in C$1.4043Holiday1.39641.407…
Lending Rates (August 11, 2003)
as of 4 pm ET, Aug. 5, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Prime4.00LIBOR US$ 3-month1.14LIBOR US$ 6-month1.21LIBOR US$ 1-year1.41Gold lease 3-month0.14Go…
Rising rand hits African gold miners
Vancouver — Africa’s biggest gold producers felt the impact of a falling U.S. dollar during the second quarter.AngloGold (AU-N) earned US$66 million in the three months ended June 30, or 11% less tha…
Canadian Stock Exchange Indices (August 11, 2003)
DateAug. 5Aug. 4Aug. 1July 31July 30HighLowTSX Composite7189.54…
Pele lures De Beers to Wawa (August 11, 2003)
The Canadian exploration arm of De Beers has entered into an option agreement with Toronto-based Pele Mountain Resources (GEM-V) at the latter’s 100-sq.-km Festival diamond property, 25 km north of Wa…
The Northern Miner Indices (August 11, 2003)
North American Mining: 81.12 (+0.44)Small Producers: 82.45 (+1.06)(Sept. 30/98 = 100)…
Letting in some light
“Sunshine is the best disinfectant.”– James Gallagher, first president of the Canadian Trading and Quotation System, in late 2001.This newspaper was one of those voices that bayed loudest for tight r…
Norilsk seeks larger Stillwater holding
Russian nickel giant Norilsk Nickel (NILSY-O) has announced an offer for another 4.3 million shares of palladium-platinum producer Stillwater Mining (SWC-N).The bid, which expires Aug. 19, allows mino…
Rally stalls
U.S. markets backed off the summer rally during the reporting period July 30-August 5, with the Dow Jones Industrial Average sliding 168.14 points to close at 9,036.32.It wasn’t a bad five days for th…
Spot Prices Wednesday August 6, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$352.65-6.45Silver$4.93-0.17Platinum$684.00-9.00P…