Exchange Rates (August 25, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13US$ in C$1.40091.39091.38721.3…
News
Suppliers Roundup (August 25, 2003)
Knelson to build screensLangley, B.C.-based Knelson Gravity Solutions will begin building screens for filtering coarse ore from fine ore, under the brand name Knelson-Sizetec. The deal is part of a ma…
Number nailed on Segala
Preliminary reserve estimates at the Segala gold deposit in western Mali put the size of the deposit at 383,000 oz.Estimates by Snowden Mining Industry Consultants, who were engaged by owner Nevsun Re…
SouthernEra posts Q2 profit
Foreign exchange gains enabled SouthernEra Resources (SUF-T) to record net earnings of US$1.59 million for the three months ended June 30.The US2-per-share profit came on revenue of US$564,000 and co…
Daily Metal Prices (August 25, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13Al Alloy1380/138…
Afri-Can tops up till (August 25, 2003)
Junior Afri-Can Minerals (AFA-V) intends to raise $2.5 million to renew its search for marine diamonds off the coast of Namibia.The company owns several concessions, though its focus has been on Block…
Metallurgical tests positive at Casposo
Metallurgical tests on drill core from the Casposo gold-silver deposit in Argentina suggest the mineralization may be easy to mill and leach.Project operator Intrepid Minerals (IAU-V) engaged the Inst…
Trading Summary (August 22, 2003)
Trading SummaryMarkets were generally weaker on Friday, closing off a one-week market rally. The TSX Composite…
Rio gets the green for Aguablanca
Rio Narcea Gold Mines (RNG-T) has finalized a US$47-million debt facility to build a mine to exploit the recently l…
Gammon to boost Northeast Ocampo
Dartmouth, N.S.-based Gammon Lake Resources (GAM-T) has launched a 65,000-metre drill campaign on its Northeast Oca…
True North eyes new targets
Vancouver A newly completed $470,000 program by True North Gems (TGX-V) has identified 8 new target areas on the…
Glencairn Gold targets flow through financing
Vancouver — Glencairn Gold (GLJ-V) is aiming to raise $1.6 million via a placement of 3.56 million flow through wa…