The Northern Miner Indices (July 28, 2003)
North American Mining: 77.69 (+3.53)Small Producers: 74.77 (+2.99)(Sept. 30/98 = 100)…
Articles by Northern Miner Staff
Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
Base metal mining proves profitable
The period ended July 22 was highlighted by several positive earnings reports from some of Canada’s biggest base metals companies.Inco rose 64 to $30.09 as it announced net second-quarter earnings of…
WMC finds Meliadine West buyer
Australia’s WMC Resources (WMC-N) is dusting off the 4.5-million-oz. Meliadine West property in Nunavut and selling its 56% stake to Comaplex Minerals (CMF-T), a Calgary-based junior that already hold…
No diamonds for Ashton at Caltha
The Caltha kimberlite, which was discovered this past spring on the Ric property in the Coronation Gulf region of Nunavut, has proved barren of diamonds.Ashton Mining of Canada (ACA-T) found the kimbe…
LME Warehouse Levels (July 28, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 22 (change from July 15 in brackets):MetalStock(tonnes)ChangeAluminium1289825(+3…
South Atlantic buys stake in Arctic Platinum
Vancouver — South Atlantic Ventures (SAA-V) will pay US$23 million in cash and US$8 million in shares for Outokumpu’s 49% interest in the Arctic Platinum partnership (APP), an exploration project in …
Exchange Rates (July 28, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 22July 21July 18July 17July 16US$ in C$1.41161.40521.41141.3…
Producer and Dealer Prices (July 28, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.10-11.00/lb.Copper: Comex Sept. US$0.7725/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
Grasberg gold boosts Freeport
Vancouver — The second quarter of 2003 was a stellar one for Freeport-McMoRan Copper & Gold (FCX-N), which earned US$57.4 million (or US37 per share) in the three months ended June 30.The figure mar…
No ‘blanket ban’ in Montana
As a reader of The Northern Miner for more than 20 years, I am aware that you strive for accurate reporting. However, your article on Profile Resources’ Waseka Mill (T.N.M., June 9-15/03) contains an …
Daily Metal Prices (July 28, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 22July 21July 18July 17July 16Al Alloy1352/136…