Yamana gains control of Brazilian gold mine
Vancouver — Spokane-based Yamana Gold (YRI-T) (formerly Yamana Resources) has assumed operatorship at its newly acquired Fazenda Brasileiro gold mine in northeastern Brazil.Last month Yamana paid Com…
News
Editorial Cartoon (September 15, 2003)
Flow-through funds jump start juniors
Vancouver — Taking advantage of one of the last remaining officially sanctioned tax incentives in Canada, mineral exploration companies listed on the TSX Venture Exchange raised $41.1 million in flow…
Tan Range’s royalty structure unique among explorers
Amongst all the junior exploration companies out there, Tan Range Exploration (TNX-V) stands alone in fully embracing the royalty business model to advance its grassroots mineral projects.Based in Van…
The Northern Miner Indices (September 15, 2003)
North American Mining: 90.07 (+2.06)Small Producers: 91.70 (-0.38)(Sept. 30/98 = 100)…
Outokumpu swaps assets with Boliden
An asset-swap deal between Scandinavian metal producers Outokumpu of Finland and Boliden (BLS-T) of Sweden will move almost all Outokumpu’s remaining mining assets to Boliden.The exchange will give Ou…
Bank on the future
Global Economic Prospects, the annual compilation of economic forecasts made by the World Bank, is out, and the economists have good news and bad news for the mineral industries.The good news is that …
LME Warehouse Levels (September 15, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 9 (change from Sept. 2 in brackets):MetalStock(tonnes)ChangeAluminium1344100(-3…
Bema drills Kupol (September 15, 2003)
Vancouver — Impressive drill results continue to roll in from the Kupol gold property in Russia’s Far East region.So far, operator Bema Gold (BGO-T) has put down 130 holes comprising 17,052 metres of…
Tan Range’s Sinclair on gold
Commenting on one of his favourite topics, the gold market, Tan Range Exploration (TNX-T) Chairman James Sinclair has stated that, like any other investment sector, gold has its detractors but it rema…
Producer and Dealer Prices (September 15, 2003)
Antimony: Mid-mkt US$2,245/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.61/lb.Cobalt: Recent trades US$9.75-10.70/lb.Copper: Comex Dec. US$0.82/lb.Indium: Indium Corp., ingot, US$180/kg.Iridium…
Canadian Stock Exchange Indices (September 15, 2003)
DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3HighLowTSX Composite7596.517636.017612.507594.85…