LME Warehouse Levels (October 20, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 13 (change from Oct. 6 in brackets):Aluminium1369375(-3200)Aluminium Alloy51740(…
News
Canadian Stock Exchange Indices (October 20, 2003)
DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7HighLowTSX CompositeHoliday7633.617604.497569.307561…
James A. Harquail
James Harquail, an exploration geologist and mining engineer who worked with renowned prospectors Thayer Lindsley and Duncan Derry, has died. He was 80.A native of Campbellton, N.B., Harquail earned h…
Spot Prices Tuesday, Oct. 14, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$373.65-2.55Silver$4.94+0.10Platinum$730.00+8.00P…
Pilagold heads to Nicaragua
An option to earn a majority interest has Pilagold (Pri-V) reassessing the historic San Ramon mining camp for its oxide potential.Situated in south-central Nicaragua, San Ramon hosts numerous low-sulp…
Partners drill Timmins project (October 20, 2003)
High-grade intersections are reported from the first four holes of a recently doubled, 10,000-metre program of definition drilling on Holmer Gold Mines’ (HGM-V) Timmins property.Highlights include the…
Northern Miner Indices (October 20, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Kinross to buy Crown
Determined to boost reserves and production while decreasing costs, Kinross Gold (K-T) has agreed to acquire Denver-based Crown Resources (CRCE-O).Under the proposed deal, Crown shareholders would rec…
New brooms are out all over the place From the Rock . . .
An election is due in Newfoundland and Labrador later in the month, and at this stage, polls show the Conservatives under opposition leader Danny Williams with a healthy lead over Premier Roger Grimes…
BRT fails to yield base metals for Roca Mines
Vancouver — The 7-hole program cut a thick sequence of the favourable felsic unit, but only sporadic gold values were encountered. Hole 11, which tested the stratigraphy immediately downdip and north…
Early drilling positive at El Aguila
Initial drilling by Canyon Resources (CAU-X) at the El Aguila property in Oaxaca state, Mexico, has encountered near-surface gold and silver mineralization.Canyon, earning a 50% interest in the proper…
Noranda sells 12-year notes
Mining conglomerate Noranda (NRD-T) intends to sell US$350 million worth of unsecured debentures in order to repay existing notes.Net proceeds are mainly earmarked for US$300 million worth of existing…