Pan Am, Corner Bay merger goes ahead
Pan American Silver (PAA-T) shareholders have voted overwhelmingly in favour of the company’s proposed merger with Corner Bay Silver (BAY-T).Under a revised deal, each Corner Bay share will be convert…
News
Semafo extends Wona (September 16, 2002)
Reverse circulation drilling by Montreal-based Semafo (SMF-T) has extended the Wona zone, on its Mana gold property in Burkina Faso, West Africa, another 400 metres to the northeast.During July, Semaf…
NovaGold eyes $10 million, cuts more gold
Banking on its continuing exploration success in Alaska, NovaGold Resources (NRI-T) will attempt to raise over $10 million by privately placing 2 million units at $5.10 apiece.Some of the proceeds are…
The Global Mining Initiative
Economic growth, the essential condition of sustainable development, depends on the products of the mining industry. It is our responsibility to meet that demand, while at the same time addressing the…
Silver ‘fish’ cleans as it swims
A student has invented a solar-powered device that sanitizes water by releasing silver ions as it swims.The “fish” — aptly named by its inventor Ben Griffin, an undergraduate at Brunel University in …
LionOre to consolidate Aussie nickel operations (September 16, 2002)
Looking to consolidate its nickel mining interests down under, Toronto-based LionOre Mining International (LIM-T) has launched an A85-per-share bid for the 20% stake it doesn’t already own in its Aus…
Spot Prices Wed. September 11, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$315.50+$2.80Silver$ 4.53+$0.06Platinum$551.50+$…
Major U.S. indexes rally
Southern markets quickly regained their composure after falling back somewhat at the start of the new month. The Dow Jones Industrial Average surged ahead 294.56 points over the report period to finis…
LME Warehouse Levels (September 16, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 10 (change from Sept. 3 in brackets):MetalStock (tonnes)ChangeAluminium1300725(…
Placer Dome falls as it extends for Australian producer
With help from resource stocks, the Toronto Stock Exchange Composite index climbed 90.72 points over the Sept. 4-10 report period to end the week at 6,544.22.Bolstered by higher bullion prices, the go…
MOST ACTIVE ISSUES, SEPTEMBER 4-10
ExchgVol(000s)HighLowCloseChangeKinross GoldT473853.633.223.56+0.30…
Producer and Dealer Prices (September 16, 2002)
Antimony: Recent trades US$1,950-2,150/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.30/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.50/lb.Copper: Comex Dec US$0.709/lb.I…