NAP coasts on stronger loony
The weaker U.S. dollar has enabled North American Palladium (PDL-T) to overcome substantial increases in operating…
2003
Peruvian regulator returns preliminary review of Tambogrande
The Instituto Nacional de Recursos Naturales (Inrena), the Peruvian government agency charged with advising the gov…
Eldorado revises production estimates at Sao Bento
Vancouver — The strengthening Brazilian currency combined with Eldorado Gold’s (ELD-T) capital expansion plan has…
LME Warehouse Levels (May 19, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 13 (change from May 6 in brackets):MetalStock(tonnes)ChangeAluminium1170200(-2662…
Gold prices help quarter at Buenaventura (May 19, 2003)
Higher production and an improved gold price buoyed up the top line for Compania de Minas Buenaventura (BVN-N) in the first three months of 2003.The Peruvian gold and silver miner posted net earnings …
Fronteer-Red Lake cut low grades
Vancouver — A 4-hole drill program by partners Fronteer Development Group (FRG-V) and Red Lake Resources (RL-V) has returned low-grade gold mineralization from the Swain-Sol d’Or property in the Red …
Strike ends at Horne
After nearly a year, strikers have returned to work at Noranda’s (NRD-T) Horne copper smelter in Rouyn-Noranda, Que.Almost 54% of the 550 unionized production and maintenance workers voted in favour o…
Poster shows Whitehorse geology
Natural Resources Canada and the Yukon government have produced a poster showing the geology and geological history of the Whitehorse Valley.The poster, titled Geoscape Whitehorse — Geoscience for a …
People (May 19, 2003)
America Mineral Fields — Gregg Sedun resigned from board of directors and as secretary.Amerigo — Klaus Zeitler appointed president; Seven Dean appointed chairman; Roger Moss appointed VP exploration…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Claude aims drills at Porky (May 19, 2003)
Followup drilling by Claude Resources (CRJ-T) on the Currie Rose property, 2 km north of its Seabee mine in northern Saskatchewan, has confirmed the continuity of the West Porky gold zone and also unc…
Northern Miner Indices (May 19, 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…