Trading Summary (March 03, 2003)
Toronto’s gold stocks took it on the chin on Monday as the yellow metal slipped another US$1.10 per to US$348.50 pe…
Articles by Northern Miner Staff
WO find delivers few stones
Last fall’s discovery of a lake-covered kimberlite on the WO claim block in the Lac de Gras area of the Northwest Territories has yielded just two microdiamonds from a small, 34.65-kg representative d…
Spot Prices Wednesday February 26, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold $352.55+5.35Silver $4.63+0.05Platinum $677.00+5.00…
Western markets bullish as composite jumps
Vancouver — Canada’s junior exchange closed the week ended Feb. 25 on an uptick. The S&P-TSX Venture Exchange composite index jumped 14.93 points, or 1.37% of its value, to close at 1.103.26.Stornowa…
Silver-based wood coatings
In mid-February, legislation was introduced in the U.S. House of Representatives that would provide funding for a study on the effectiveness of silver-based biocides as an alternative treatment to pre…
Sustainability workshop
Vancouver-based consultants Anthony Hodge and Ian Thomson will moderate a workshop dubbed “Seven Questions to Sustainability” on March 13 at Metro Hall in downtown Toronto.As the heads of the their re…
Pan American posts record output (March 03, 2003)
Vancouver — Thanks to its mainstay Huaron mine in Peru, Pan American Silver (PAA-T) produced a record 7.8 million oz. silver from its four mines in 2002, a 12% rise from the 2001 total.The company ma…
Falconbridge grounds Kidd for eight weeks (March 03, 2003)
Citing a poor zinc market, Falconbridge (FL-T) is extending to eight weeks the planned closure of its refining operations at the Kidd metallurgical site in Timmins, Ont.Daniel Picard, general manager …
Exchange Rates (March 03, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19US$ in C$…
Inmet broadens search at Aussie base metal find
Having determined that the Jaguar high-grade base metal find in Western Australia is too small to develop as a stand-alone operation, Inmet Mining (IMN-T) is exploring the surrounding property for fur…
Gold’s recovery lands Placer Dome in the black
Vancouver — Higher gold prices helped Placer Dome (PDG-T) generate sizable earnings in 2002, though US$40 million of unforeseen charges soured the profit margin in the fourth quarter.The company earn…
Broad market flops as gold surges
The S&P-TSX composite index continued its downward spiral over the Feb. 19-25 report period, slipping 89.45 points to 6,503.10.Not even a surge in spot gold could save producers: Placer Dome plummeted…