PDAC seeks securities reform
The Prospectors & Developers Association of Canada will make presentations to the federal government’s “wise persons” committee and a provincial committee, both of which are examining ways to reform s…
Articles by Northern Miner Staff
The Northern Miner Indices (July 21, 2003)
North American Mining: 74.16 (+0.37)Small Producers: 71.78 (-1.34)(Sept. 30/98 = 100)…
Don Mario pours gold
Orvana Minerals (ORV-T) has poured the first dor bar at its Don Mario gold mine in Bolivia.The bar, which contains 415 oz. gold, was produced from stockpiled low-grade ore during tweaking of the oper…
Lending Rates (July 21, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
Exchange Rates (July 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 15July 14July 11July 10July 9US$ in C$1.39291.37391.37611.38…
WMC exits Canada
One of the most significant deals of the report period was the agreement to merge WMC Resources’ Canadian subsidiary WMC International with Canadian junior gold explorer Comaplex Minerals.Comaplex wil…
Daily Metal Prices (July 21, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 15July 14July 11July 10July 9Al Alloy1385/1385…
Golds, base metals end mixed
The broad market attracted more buyers than sellers over the July 9-15 report period, causing the composite index to finish ahead 26.48 points at 7,166.08.The TSX gold index reversed 2.34 points as th…
Trading Summary (July 18, 2003)
The Toronto market finished the week strongly, as the TSX Composite index picked up 45.30 points to close at 7,114.
Nevsun eyes feed for Tabakoto
Vancouver A 5,500 metre drill program by Nevsun Resources (NSU-T) has cut encouraging gold mineralization at the…
Noranda sells remaining NIF priority units
Noranda (NRD-T) has sold its remaining 12 million priority units of Noranda Income Fund (NIF.UN.T) for $9.85 apiec…
Timiskaming surrenders more diamonds
Sudbury Contact Mines (SUD-T) has recovered a total of 301 diamonds from 1,711 kg of kimberlite drill core from i…