Breakwater polishes Langlois study
An updated feasibility study of the Langlois base metal mine in northwestern Quebec has Breakwater Resources (BWR-T) eyeing about $10 million more in cash flow.The study takes into account the recentl…
Articles by Northern Miner Staff
Tournigan tests Irish prospect
Vancouver — Junior Tournigan Gold (TVC-V) has launched a 5-hole drill program on the Glenlark prospect, part of the Tyrone project in Northern Ireland.Glenlark is marked by stratabound gold-silver-zi…
News – 23-JUN-03
Although Saskatchewan kimberlites carry much lower grades than those being mined in the Canadian Arctic, the sheer size of the Fort la Corne kimberlites renders them highly attractive targets.The Fo…
Northern Miner Indices (June 23, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Rio Narcea gets nod at Aguablanca
Rio Narcea Gold Mines (RNG-T) is stepping up construction at its Aguablanca nickel-copper-PGM project in southwestern Spain following governmental approval of the environmental impact assessment.Capit…
Spot Prices Wednesday June 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$361.25+7.10Silver$4.57+0.06Platinum$662.00+7.00P…
Lending Rates (June 23, 2003)
as of 4 pm ET, June 17, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.06LIBOR US$ 6-month1.01LIBOR US$ 1-year1.02Gold …
Newmont writes off AMC
It was an expensive report period for Denver-based Newmont Mining, which bit the bullet and wrote off its recent, A$100-million investment in Aussie-listed Australian Magnesium Corp., developer of the…
Exchange Rates (June 23, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 17June 16June 13June 12June 11US$ in C$1.33961.33921.33611.3…
Producer and Dealer Prices (June 23, 2003)
Antimony: Mid-mkt US$2,570/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.70-10.25/lb.Copper: Comex July US$0.7810/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
Canadian Stock Exchange Indices (June 23, 2003)
DateJune 17June 16June 13June 12June 11HighLowTSX Composite7121.027099.277010.557106.86…
New diamond plays come into view in northern Canada
The diamond hunt is exploding with new kimberlite discoveries beyond the Slave Craton in Canada’s Far North. Recent discoveries are reported near Rankin Inlet and on the Melville Peninsula in eastern …