Far North extension adds value to Oyu Tolgoi
Using more than a dozen drill rigs to define the extent of the Far North discovery at Oyu Tolgoi in Mongolia’s South Gobi region, Ivanhoe Mines (IVN-T) is encountering some of the best values to date …
2003
Modest gains for base metals
The Toronto stock market continued its upward trend over the reporting period June 30-July 8, with the TSX composite index rising 106.50 points to close at 7,089.60 for a gain of 1.5%.The TSX gold ind…
Am Bonanza tests Gold Bar
Vancouver — American Bonanza Gold Mining (BZA-V) has begun drilling at the Gold Bar property in the prolific Battle Mountain-Eureka mineral trend of central Nevada.The junior is testing for bonanza-g…
Mouska team wins rescue prize
A team representing Cambior’s Mouska mine in northwestern Quebec won the provincial mine rescue competition held recently in Val d’Or.Four teams that had won preliminary competitions last fall compete…
Junior exchange active despite bullion slump
Vancouver — Canada’s junior exchange followed the major bourses higher over the week ended July 8. The S&P-TSX Venture Exchange composite index closed up 3.42 points, or 0.3%, to 1107.31.ITL Capital…
Northern Miner Indices (July 14, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
LME Warehouse Levels (July 14, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 8 (change from July 1 in brackets):MetalStock(tonnes)ChangeAluminium1,177,750(+3…
Birim guts more gold in Ghana
Vancouver — A 12-hole program of reverse-circulation drilling by Birim Goldfields (BGI-T) has enhanced the economic prospects of the Mansiso target, part of the Dunkwa concession in southern Ghana.Bi…
Exchange Rates (July 14, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 8July 7July 4July 3July 2US$ in C$1.36911.34841.34091.3365…
Producer and Dealer Prices (July 14, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.7685/lb.Indium: Indium Corp., ingot, US$140/kg.Iri…
Lower profits for Alcoa
Despite continued weak aluminum demand, especially in the aerospace and automotive sectors, Alcoa, the world’s largest aluminum producer, posted a surprisingly strong second-quarter net income of US$2…
Dunsmuir expands Nanuq holdings
Dunsmuir Ventures (DVV-V) has expanded in Canada’s far north by staking 2,533 sq. km immediately contiguous to its Nanuq project, 250 km northeast of Rankin Inlet in Nunavut.This new extensive souther…