Canada took ‘balanced’ approach
Since the beginning of the U.S. military intervention in Iraq, opinions expressed in The Northern Miner have reached a highly emotional level. In fact, some of the comments, mostly relating to the pos…
News
Asbestos settlement looms
An agreement to create a privately financed US$100-billion trust to diminish the flood of asbestos lawsuits clogging up the U.S. court system is gaining momentum south of the border.The trust would en…
BC reclassifies land package
In a move designed to spur investment in British Columbia’s interior, the provincial government has reclassified 550 sq. km of Crown land and opened it up to mineral exploration.The land package consi…
Geodex gains former Cape Spencer mine
Intrigued by the potential for both bulk-tonnage and high-grade narrow-vein gold targets, Geodex Minerals (GXM-V) has struck a deal to acquire the Armstrong Brook property in southern New Brunswick.Th…
Spot Prices Wednesday April 30, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$336.00+2.20Silver$4.61+0.04Platinum$606.00-32.00…
Pacific Minerals cuts high-grade PGMs in China
Vancouver — Pacific Minerals (PMZ-V) has intersected high-grade platinum, palladium and gold mineralization while drilling the JBS project in China’s Yunnan province.Ongoing infill drilling is design…
Orezone finds north extension at Essakan
Vancouver — Ongoing drilling by Orezone Resources (ORZ-T) at the Essakan gold deposit in Burkina Faso has uncovered a northern extension.Results show that the zone has the same geology and style of m…
Lending Rates (May 05, 2003)
as of 4 pm ET, Apr. 29, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.31LIBOR US$ 6-month1.29LIBOR US$ 1-year1.36Gold …
Richmont in black for first quarter (May 05, 2003)
In the recent first quarter, Richmont Mines (RIC-T) earned less than in the fourth quarter of 2002 but more than in the first quarter of that year.The gold producer earned $371,268 (or 2 per share) o…
Northern Miner Indices (May 05, 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…
LME Warehouse Levels (May 05, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 29 (change from April 22 in brackets):MetalStock(tonnes)ChangeAluminium119100(-…
Producer and Dealer Prices (May 05, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-9.60/lb.Copper: Comex July US$0.729/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…