News
Copper market poised to benefit from stronger demand
This article, the second of two instalments devoted to base metals, was culled from Barclays Capital’s monthly report The Commodity Refiner. Part 1 appeared in our Oct 14-20 issue.Macroeconomic-driven…
Minefinders puts Dolores project on fast track
Considered a potential takeover candidate, Minefinders (MFL-T) raised $10 million earlier this year with the objective of advancing its wholly owned Dolores gold-silver project in Mexico’s Chihuahua s…
Explorers ride silver wave in Mexico
Vancouver — Latin American massive sulphide deposits have emerged from the shadows over the past decade, and explorers, despite facing historically low base metal prices, continue to advance discover…
The Northern Miner — North American Mining Index (October 21, 2002)
65.44 (-0.20)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (October 21, 2002)
66.80 (-1.72)(Sept. 30/98 = 100)…
Lending Rates (October 21, 2002)
as of 4 pm ET, Oct. 15, 2002(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount1.25U.S. Prime4.75LIBOR US$ 3-month1.82LIBOR US$ 6-month1.82LIBOR US$ 1-year1.95Gold lease 3-month0.42Gold leas…
Thistle boosts Steyn
Thistle Mining (THT-T) reports an 18% increase in reserves at its President Steyn gold mining complex in South Africa’s Free State.Total Reserves at the Steyn 1 shaft have grown to nearly 3.1 million …
PEOPLE (October 21, 2002)
Kimber — Thomas Corcoran appointed manager, corporate communications.Romarco — Diane Garrett appointed president and CEO; Robert van Doorn and R.J. MacDonald appointed directors.Gammon Lake…
Placer prevails as AurionGold caves in (October 21, 2002)
Vancouver — After five long months, Placer Dome (PDG-T) has finally won over AurionGold’s management team in its $1.2-billion takeover offer.The Australian miner reversed its rejection of the takeove…
NAP reduces output as crusher breaks down
A shutdown of the primary crusher has forced North American Palladium (PDL-T) to curtail production at its Lac des les mine in northwestern Ontario.During the three months ended Sept. 30, the mill pr…
Falling prices close Quebec asbestos mine
The falling price of asbestos worldwide has forced the closure of the Jeffrey operation, north of Sherbrooke, Que., forcing the owner, Jeffrey Mine, to file for bankruptcy protection.The decline in th…