Goldcorp eyes Sidace Lake extension
Vancouver — Drilling success at Planet Exploration’s (PXI-V) Sidace Lake property has prompted Goldcorp (G-T) to pick up a majority stake in two more properties in Ontario’s Red Lake camp.The low-cos…
News
Court rejects Oka appeal
A Quebec court has rejected an appeal by the Union of Agricultural Producers (UPA) against an earlier ruling in favour of Niocan’s (NIO-T) niobium mining project in Oka, Que.The group had voiced conce…
Suppliers Roundup (December 01, 2003)
Miller takes home two awardsNorth Bay-based Miller Technology, which produces personnel carriers for use underground, has received two awards.For the second time in the past decade, Miller was named C…
European Mnrls ups Varvarinskoye reserves
A review by Arizona-based Mintec has boosted by 73% the proven and probable reserves at European Minerals’ (EPM.U-T) Varvarinskoye gold-copper deposit in northern Kazakstan.Based on a gold price of US…
LME Warehouse Levels (December 01, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 24 (change from Nov. 17 in brackets):MetalStock(tonnes)ChangeAluminium1393200(+8…
Exchange Rates (December 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19US$ in C$…
Canadian Stock Exchange Indices (December 01, 2003)
DateNov. 25Nov. 24Nov. 21Nov. 20Nov. 19HighLowTSX Composite7822.34…
Barrick to stop gold hedging: Munk
The godfather of gold hedging, Barrick Gold (ABX-T) Chairman Peter Munk, has declared that his company, the world’s largest hedger, will discontinue entering into hedging contracts for the next 10 yea…
Weda Bay eyes $6m
A private placement is expected to raise enough funds for Weda Bay Minerals (WDA-T) to complete a feasibility study at its Halmahera nickel-cobalt laterite property in Indonesia.Haywood Securities and…
Davidson to talk base metals
David Davidson, base metals analyst for Paradigm Capital, will speak at the next meeting of Toronto branch of the Mineral Economics Discussion Group of the Canadian Institute of Mining, Metallurgy and…
Spot Prices Tuesday, Nov. 25, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$391.50-0.92Silver$5.210.00Platinum$758.00-4.00Pa…
CNQ applies for exchange status
The Canadian Trading and Quotation System (CNQ), a small-cap equity market, has applied to the Ontario Securities Commission (OSC) for recognition as a stock exchange.The CNQ is currently a quotation …