The Northern Miner Indices (December 08, 2003)
North American Mining: 110.07 (+7.47)Small Producers: 111.93 (+11.95)(Sept. 30/98 = 100)…
2003
SouthernEra advances Messina, raises C$77m (December 08, 2003)
Toronto-based SouthernEra Resources (SUF-T) is using a staged approach to develop its Messina platinum assets, 250 km northeast of Johannesburg on the eastern limb of South Africa’s Bushveld igneous c…
Golden Star joins with Mano River, GSI
Reaching beyond its major asset base in Ghana, Denver-based producer Golden Star Resources (GSC-T) has struck two separate deals to explore for gold in Sierra Leone and Mali.The first joint-venture ag…
Ontzinc bids on remains of Pasminco (December 08, 2003)
Administrators of the Australian zinc and lead producer Pasminco have rejected a bid by Venture-listed developer Ontzinc (OTZ-V) to take over the insolvent company’s assets for A$1.7 billion.Ontzinc h…
Gabriel expands Rosia Montana
An updated resource estimate has added 1.5 million oz. gold and 6.4 million oz. silver to the advanced Rosia Montana gold project in Romania.Recently, 80%-owner Gabriel Resources (GBU-T) tested previo…
Junior exchange rides golden bull
Vancouver — Canada’s junior exchange continued its bull run as gold broke through the US$400-per-oz. mark over the 5-day trading period ended Dec. 2. The S&P-TSX Venture Exchange composite index rock…
Hot holes for European Goldfields
Drilling at European Goldfields’ (EGU-V) Certej and Sacaramb projects in western Romania has resulted in several long, gold-rich intersections.Highlights from the first four reverse-circulation holes …
Canarc cuts more gold at Benzdorp (December 08, 2003)
Vancouver — Canarc Resource (CCM-V) is encouraged by the latest batch of drill results from the JQA prospect at its Benzdorp property in Suriname.Benzdorp, which comprises 1,380 sq. km, is 300 km sou…
Spot Prices Tuesday, Dec. 2, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.35+9.85Silver$5.46+0.25Platinum$776.00+18.00…
Northern Miner Indices (December 08, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Daily Metal Prices (December 08, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 2Dec. 1Nov. 28Nov. 27Nov. 26Al Alloy1425/1445…
Gold index reaches new high
In late November, the Toronto Stock Exchange’s gold share index hit its highest level since the overhauled barometer was launched, driven by a gold price rose above US$400 for only the second time sin…