Open-pit eyed at Kemess North
Northgate Exploration (NGX-T) reports that its Kemess North gold-copper project in north-central British Columbia contains a resource of 4 million oz., enough for a mine life of 11 years. According to…
News
McWatters pulls plug at Sigma-Lamaque
McWatters Mining (MWA-T) has ceased mining at its money-losing Sigma-Lamaque open-pit operation in Val d’Or, Que. Milling, however, will continue until all stockpiled ore has been processed.Meanwhile,…
Inmet, Outokumpu rework share deal (October 13, 2003)
Finland’s Outokumpu has raised ;23 million by selling 4 million shares in Inmet Mining (INM-T).The shares were issued to Outokumpu as part of Inmet’s acquisition of the Pyhasalmi copper-zinc mine in F…
S Malartic samples Croinor
South Malartic Exploration (MSU-V) and Richmont Mines (RIC-T) have arranged a custom-milling agreement for a bulk sample from the former’s Croinor gold deposit, about 70 km east of Val d’Or, Que.South…
Afcan tops up till for TJS project
Junior Afcan Mining (AFK-V) has raised $9.4 million by privately placing 40 million units priced at 25 apiece.The units, consisting of a share and half a warrant, are subject to a 4-month hold period…
New Jackson bodies bear stones (October 13, 2003)
Sampling of three areas of frost boil on Twin Mining’s (TWG-T) recently discovered Jackson Inlet kimberlite bodies has proved fruitful.In all, three samples totalling 50.5 kg yielded 13 diamonds, with…
Producer and Dealer Prices (October 13, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.95-12.00/lb.Copper: Comex Dec. US$0.847/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Canadian Stock Exchange Indices (October 13, 2003)
DateOct. 6Oct. 3Oct. 2Oct. 1Sept. 30 High LowTSX Composite7562.87…
Metal traders run down gold
Gold bugs caught a chill in the first week of October: by the morning of Oct. 7, an ounce of the yellow metal was fetching US$376.20 in London markets, or US$8.30 less than a week earlier. Silver fare…
Newmont buys into Southwestern
Vancouver — Newmont Mining (NEM-N) will buy 450,000 shares of Southwestern Resources (SWG-T) at $15 per share for total proceeds of $6.75 million. Newmont has agreed, for 12 months, not to sell the s…
Trading Summary (October 10, 2003)
The Toronto stock market was up slightly on Friday, with the TSX Composite index adding 29.12 points to finish at 7…
Axmin eyes $10.5 million
Vancouver In an attempt to add $10.5 million to its coffers, African explorer Axmin (AXM-V) is selling 15 million…