Trading Summary (June 02, 2003)
Toronto’s gold index was alone in red on Monday, losing 0.88 of a point to 164.16. The fall came despite a US$1.80-…
Articles by Northern Miner Staff
Orezone drills Bondi, Essakan fails to grow
Orezone Resources (ORZ-T) has wrapped up a 41-hole, reverse-circulation drilling campaign on its Bondi gold propert…
Shear and Empire waive first right of refusal
Vancouver — BHP Billiton Diamonds, a subsidiary of BHP Billiton (BHP-N) will move ahead with the purchase of a 14%…
Queenstake moves forward at Jerritt Canyon
Vancouver — Queenstake Resources (QRL-T) has signed a purchase agreement with subsidiaries of AngloGold (AU-N) and…
Spot Prices Wednesday May 28, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.55-0.35Silver$4.59-0.15Platinum$671.00-9.00P…
New techniques in processing
Predicting the processing performance of an untried ore deposit is essential to determining its economic viability.In cases where an ore just makes product grade or is difficult to prepare for smeltin…
AngloGold sells Amapari to Eike Batista (June 02, 2003)
AngloGold (AU-N) will sell its Amapari project in northeastern Brazil’s Amapa state to Eike Batista’s Mineracao Pedra Branca do Amapari for US$18.2 million.AngloGold acquired Amapari in 1998 as part o…
Diavik receives engineering award
Diavik Diamond Mines has received the national award of achievement from the Canadian Council of Professional Engineers (CCPE) for the design and construction of the Diavik A154 dike.Building the dike…
BHP Billiton settles with ex-CEO
Not bad for half a year’s work: after serving only six months as CEO of BHP Billiton (BHP-N) before quitting, Brian Gilbertson has been awarded a 4.1-million (US$6.7-million) exit settlement.Gilberts…
Producer and Dealer Prices (June 02, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.778/lb.Indium: Indium Corp., ingot, US$140/kg.Iridiu…
Exchange Rates (June 02, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 27May 26May 23May 22May 21US$ in C$1.37461.37441.37751.3682…
Canadian Stock Exchange Indices (June 02, 2003)
DateMay 27May 26May 23May 22May 21HighLowTSX Composite6840.24…