Gabriel scraps $28m bought-deal financing
Gabriel Resources (GBU-T) has scrapped plans for a bought-deal offering of 10 million shares priced at $2.80 apiece.The move follows reports that Romania’s prime minister dismissed a positive governme…
News
Don Mario pours gold
Orvana Minerals (ORV-T) has poured the first dor bar at its Don Mario gold mine in Bolivia.The bar, which contains 415 oz. gold, was produced from stockpiled low-grade ore during tweaking of the oper…
A mighty wind
News leaked out of the Premier’s Office in Ontario this month that the provincial government was considering moving out of the joint income tax arrangement, under which individual taxpayers in all pro…
Lending Rates (July 21, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
PDAC seeks securities reform
The Prospectors & Developers Association of Canada will make presentations to the federal government’s “wise persons” committee and a provincial committee, both of which are examining ways to reform s…
New crusher for NAP
Lower throughput rates continue to plague North American Palladium (PDL-T) at the Lac des les palladium mine near Thunder Bay, Ont.Production totalled 59,069 oz. in the three months ended June 30, co…
Aquiline confirms Calcatreu grades (July 21, 2003)
Vancouver — A 14-hole drill program by Aquiline Resources (AQI-V) has enhanced the economic potential of the Calcatreu gold project in Patagonia, Argentina.The 1,275-metre program, which included 10 …
Cumberland eyes $25m
Cumberland Resources (CBD-T) plans to raise up to $25 million by selling 7 million units and 1 million flow-through shares, with proceeds earmarked for the Meadowbank gold project in Nunavut.Under a b…
South African mines among most dangerous
Nineteen people died in South African mine accidents in June, two others were disabled, and 334 more were injured, according to the Department of Minerals and Energy.The June figures compare with 21 d…
Aussie gov’t orders shorter work week
Workplace Standards, an Australian government body designed to protect workers, has ordered a Tasmanian mine contractor to cut back on its work week at the Mt. Lyell copper mine on Tasmania’s west coa…
AMC, Ford nix Stanwell deal
Australian Magnesium Corp. (AMC) and U.S. car giant Ford Motor Co. have scrapped a A$2-billion magnesium supply agreement.The agreement called for AMC to supply Ford with half the output from the part…
Spot Prices Wednesday July 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$343.00-2.45Silver$4.67-0.07Platinum$685.00+20.00…