The Northern Miner Indices (September 08, 2003)
North American Mining: 88.01 (+1.76)Small Producers: 92.08 (+4.39)(Sept. 30/98 = 100)…
News
First Quantum scrapes by in Q2
Tax credits enabled First Quantum Minerals (FM-T) to overcome a net operating loss and record a small profit for the second quarter.Net earnings totalled US$64,000 in the three months ended June 30, c…
Committee Bay yields high-grade gold (September 08, 2003)
Vancouver — A 1,477-metre drill program by partners Committee Bay Resources (CBR-V) and Gold Fields (GFI-N) has returned impressive values from the Three Bluffs zone on the Committee Bay gold project…
First Narrows busy in New Brunswick
After topping up its coffers with a recent $829,000 financing, First Narrows Resources (UNO-V) has focused its efforts on exploring its three New Brunswick properties — Chester, Middle River and Gold…
Orvana resizes Don Mario’s LMZ
Orvana Minerals (ORV-T) has tabled an updated reserve estimate for the Lower Mineralized zone (LMZ) at its Don Mario mine in southeastern Bolivia.Amec E&C Services pegs total proven and probable reser…
BHP tallies higher profit
Vancouver — Despite a drop in sales, BHP Billiton (BHP-N) saw profits rise to US$1.9 billion, or US31 per share, in the fiscal year ended June 30, 2003.This marks a significant increase from the US$…
Three prongs, none grounded
The Ontario Legislature was dissolved on Monday, which at least put an end to a long-running no-news item that infested local radio and television through the August silly season. Elections have been …
Cangold defines Thorn
Vancouver — Partners Cangold (CLD-V) and Rimfire Minerals (RFM-V) have outlined a 100-by-300-metre gold-in-soil geochemical anomaly on the Thorn silver-gold-copper project, southeast of Atlin, B.C.Th…
People (September 08, 2003)
Admiral Bay — Mark Brennan appointed director president and CEO; Robert McIntosh appointed VP of exploration; Godfrey Walton appointed special consultant; Bill Pearson appointed technical advisor; Ba…
Ashton, Soquem launch fall exploration campaign
As joint-venture partners Ashton Mining of Canada (ACA-T) and Soquem mull over the best way to further evaluate the Renard kimberlitic cluster in the Otish Mountains region of northern Quebec, a fall …
Spot Prices Wednesday, September 3, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$372.20+7.90Silver$4.98-0.02Platinum$712.00+16.00…
Linear sets sights on Xstrata properties
Venturing from its stronghold in eastern Canada, Linear Resources (LRR-V) has inked a letter of intent to acquire various properties in Latin America from London-listed Xstrata.The properties are in t…