FNX, Dynatec reopen McCreedy West (September 21, 2004)
Levack, Ont. — The owners of the Sudbury Joint Venture — FNX Mining (FNX-T), with 75%, and Dynatec (DY-T), with 2…
News
Adastra launches U.S. suit against Endiama
Previously stymied by years of civil war in Angola, Adastra Minerals (AMZ-T) is now turning to courts in the United…
Meliadine West drill season ends on high note
Vancouver – Final results are in for Comaplex Minerals’ (CMF-T) summer 2004 drill campaign on its 78% owned Meliadi…
Mustang riding high
Mustang Minerals (MUM-V) has intersected significant nickel-copper mineralization at its Maskwa property, 140 km no…
The Northern Miner Indices (September 20, 2004)
North American Mining: 108.37 (+1.66)…
Diavik turns in strong performance
Exceeding expectations in nearly all aspects, the Diavik diamond mine in Canada’s Far North is operating well ahead of original design.
VMS shines at McFauld’s Lake
McFauld’s Lake, Ont. — Like many other places in Canada, summer is short at McFauld’s Lake in the James Bay Lowlands of northern Ontario, however setting this area apart is a hot new volcanogenic massive-sulphide (VMS) play.
Nickel buoyed by strong fundamentals
Another surge in nickel prices above US$15,000 per tonne in early July was too significant to escape action. Consumers withdrew their buying interest and excess material was delivered into LME warehouses against an attractive backwardation, while…
Disharmony for Harmony
U.S. stock markets didn’t show much change over the period Sept. 8-14. The S&P 500 index was up 7 points, or 0.6%, at 1,128.33 points and the Dow Jones Industrial Average was down 0.2%, or 24.63 points to close at 10,318.16 points.
Exchange Rates (September 20, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)…
Daily Metal Prices (September 20, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…
Miners recover as metals bounce
Metal prices rebounded across the board during the Sept. 8-14 report period; accordingly, the Toronto Stock Exchange’s gold index rose 5.26 points to end at 195.96. The yellow regained some shine, not to mention US$8.95 to make US$405.25 per oz. b…