News
Russian bear ambles into Stillwater, Montana
Operational setbacks and a precipitous drop in palladium prices have prompted cash-strapped Stillwater Mining (SWC-N) to ponder the unthinkable and become a subsidiary to the world’s largest palladium…
Juniors keep exploration (barely) alive BC
Vancouver — Despite the implementation of one of the most attractive incentive programs in the country, mineral exploration in Canada’s westernmost province failed to ignite in 2002.In 2001, total fi…
Pele hopes Genesis is start of something big
Pele Mountain Resources’ (YPN-V) discovery of a significant diamond population in the Genesis showing at its Festival property near Wawa, Ont., has dramatically increased the potential for an economic…
PEOPLE (December 02, 2002)
Axmin — Craig Banfield appointed secretary.Cameco — Gerald Grandey appointed CEO.Cumberland — Kerry Curtis appointed interim president and CEO; Walter Segsworth appointed co-chairman.
Daily Metal Prices (December 02, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20Al Alloy1311/131…
QGX buoyed by hot holes in Mongolia
QGX (QGX-V), a pioneer in mineral exploration in Mongolia, is capitalizing on some promising drill results at its Golden Hill project by arranging a $3.9-million private placement.The financing is bei…
LionOre pours first gold from Thunderbox (December 02, 2002)
After nine months of construction and development, LionOre Mining International (LIM-T) has poured the first gold dor bar at the Thunderbox project in Western Australia.Weighing 11.7 kg, the bar was …
LME Warehouse Levels (December 02, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 26 (change from Nov. 19 in brackets):MetalStock(tonnes)ChangeAluminium1279350(-9…
Exchange Rates (December 02, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 26Nov. 25Nov. 22Nov. 21Nov. 20US$ in C$1.57181.57331…
Northern Miner Indices (December 02, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Stillwater mauled
The biggest news of the period under review was Noril’sk Nickel’s move to acquire a majority interest in troubled U.S. palladium-platinum producer Stillwater Mining for a combination of cash and physi…