Producer and Dealer Prices (December 08, 2003)
Antimony: Mid-mkt US$2,000/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$15.60-17.00/lb.Copper: Comex Dec. US$0.974/lb.Indium: Indium Corp., ingot, US$265/kg.Iridi…
News
Canadian Stock Exchange Indices (December 08, 2003)
DateDec. 2Dec. 1Nov. 28Nov. 27Nov. 26HighLowTSX Composite7927.607924.577859.397880.50…
Royal Gold to bankroll Capital
New York-based junior Capital Gold celebrated a watershed financing that paves the way for construction of its El Chanate mine in Sonora state, Mexico.Denver-based Royal Gold is supplying the entire c…
Aber to buy Harry Winston
Aber Diamond (ABZ-T) has struck a preliminary deal to acquire Harry Winston, the prestigious New York-based “jeweler to the stars.”The deal would take place in stages, beginning with a 51% stake invol…
Madsen program shapes up for Claude, Placer
Red Lake, Ont. — The Red Lake gold camp of northwestern Ontario had, over the years, come to look fairly simple: two big mines, one very big orebody, and very little going on outside the fences at Ca…
Con mine closes doors
The Con gold mine, in Yellowknife, N.W.T., has shut down after 65 years of operation, owing to ore depletion.As a result, owner Miramar Mining has had to issue about 190 pink slips.The territorial gov…
Green light for Fazenda Nova
Following a positive feasibility study, Yamana Gold (YRI-T) has decided to put its Fazenda Nova project, in Brazil’s Goias state, into production.The planned operation, which comprises a group of smal…
Teck, EPA at loggerheads
Talks have broken off between enforcement staff of the U.S. Environmental Protection Agency (EPA) and Teck Cominco (TEK-T), after the EPA refused an offer from the company to fund environmental site e…
De Beers to bring Gahcho Kue to feasibility (December 08, 2003)
Budgets have been approved for a full feasibility study at the Gahcho Kue (Kennady Lake) diamond property in the Northwest Territories. The project is being operated by De Beers Consolidated Mining on…
The No-parking zone
Ontario prospectors are shortly to gather for an annual show-and-tell session in Toronto, making this week a convenient time to take a look at how that part of the mineral industry is faring.Certainly…
Breakwater clears hurdle
Agreements between Breakwater Resources (BWR-T) and its lenders will allow an 85.8-million-share issue to go ahead, providing the financially troubled base metal miner with a cash infusion of $30 mill…
Severin to address CIM
Paul Severin, vice-president of exploration for Toronto-based Noranda, will be the featured speaker at the next luncheon meeting of the Toronto branch of the Canadian Institute of Mining, Metallurgy a…