Maggie Hays gets green light (February 03, 2003)
Vancouver — LionOre Mining International (LIM-T) is proceeding with a US$13-million development program at the Maggie Hays nickel project in the Lake Johnston region of Western Australia.The deposit,…
Articles by Northern Miner Staff
Vaughn addresses CIM
Globalization and its effects on Canadian mining will be the topic of a talk delivered by Steve Vaughan, a partner with Toronto law firm McMillan Binch, at the next luncheon of the Canadian Institute …
Gold’s buoyancy tied to sagging greenback
This article is the first in a series devoted to precious and base metals markets and was culled from Barclays Capital’s monthly report The Commodity Refiner. This week’s instalment focuses on gold. P…
St. Jude’s South Benso fills out
Infill drilling by St. Jude Resources (SJD-V) at the South Benso gold property in Ghana has extended the Subriso East zone to surface.Five holes were sunk in Hill B to test updip projections of minera…
TVI pours gold at Canatuan in Philippines
Vancouver — TVI Pacific (TVI-T) has poured its first gold-silver dor bar at the rehabilitated Canatuan oxide plant in southwestern Philippines.The plant, operating at 50 tonnes per day, is initially…
Demand recovers after volatile period
The first few years of the millennium witnessed a volatile gallium market, according to a report from London-based Roskill Information Services.The authors of The Economics of Gallium report that afte…
Fire won’t affect Brunswick output: Noranda
Noranda says a fire in late January at the Brunswick lead-silver smelter in Belledune, N.B., will not affect production.The fire occurred in an isolated area of the complex that houses the silver refi…
Gov’t helps Inuit drilling firm
The federal government has given $100,000 to Inuit-owned Nuvumiut Drilling so it can buy prospecting and drilling equipment. The move is designed to allow the Inuit of Salluit and Kangiqsujuaq in far-…
Venture Exchange slips as gold dips
Vancouver — Canada’s junior exchange took a breather over the week ended Jan. 28. The S&P-TSX composite index slipped 8.99 points, or 0.8% of its value, to close at 1114.42.Quaterra Resources was the…
MOST ACTIVE ISSUES, JANUARY 22-28
ExchgVol(000s)HighLowCloseChangeSilverado*Q677770.530.210.30-0.28…
Lending Rates (February 03, 2003)
as of 4 pm ET, Jan. 28, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.34LIBOR US$ 6-month1.34LIBOR US$ 1-year1.42Gold lease 3-…
Daily Metal Prices (February 03, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJan. 28Jan. 27Jan. 24Jan. 23Jan. 22Al Alloy1425/139…