Apex revises San Cristobal
Prompted by new regulatory guidelines, Apex Silver Mines (SIL-X) has updated its reserve estimate for the advanced San Cristobal silver-zinc project in southwestern Bolivia.Proven and probable reserve…
News
Exchange Rates (May 19, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 13May 12May 9May 8May 7US$ in C$1.38981.38871.39271.3952…
Golds slump in quiet market
The Toronto market plunged early in the five trading days May 7-13 but rallied to finish the period fractionally higher. The TSX composite index closed May 13 at 6,702.91, up 9.2 points over the previ…
LME Warehouse Levels (May 19, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 13 (change from May 6 in brackets):MetalStock(tonnes)ChangeAluminium1170200(-2662…
Gold prices help quarter at Buenaventura (May 19, 2003)
Higher production and an improved gold price buoyed up the top line for Compania de Minas Buenaventura (BVN-N) in the first three months of 2003.The Peruvian gold and silver miner posted net earnings …
Strike ends at Horne
After nearly a year, strikers have returned to work at Noranda’s (NRD-T) Horne copper smelter in Rouyn-Noranda, Que.Almost 54% of the 550 unionized production and maintenance workers voted in favour o…
Poster shows Whitehorse geology
Natural Resources Canada and the Yukon government have produced a poster showing the geology and geological history of the Whitehorse Valley.The poster, titled Geoscape Whitehorse — Geoscience for a …
People (May 19, 2003)
America Mineral Fields — Gregg Sedun resigned from board of directors and as secretary.Amerigo — Klaus Zeitler appointed president; Seven Dean appointed chairman; Roger Moss appointed VP exploration…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Claude aims drills at Porky (May 19, 2003)
Followup drilling by Claude Resources (CRJ-T) on the Currie Rose property, 2 km north of its Seabee mine in northern Saskatchewan, has confirmed the continuity of the West Porky gold zone and also unc…
Northern Miner Indices (May 19, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Resource sector buoys junior exchange
Vancouver — The resource sector helped Canada’s junior exchange maintain its rally over the week ended May 13. The S&P-TSX Venture Exchange composite index tacked on 12.66 points, or 1.2% of its valu…