The Northern Miner Indices (November 17, 2003)
North American Mining: 96.72 (-3.68)Small Producers: 89.80 (-1.98)(Sept. 30/98 = 100)…
2003
Bendigo moves to plan B
Australian-based Bendigo Mining is seeking alternative financing arrangements for its New Bendigo project under the assumption that the 360 million options it granted to Harmony Gold (hmy-n) will not …
Lending Rates (November 17, 2003)
as of 4 pm ET, Nov. 11, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.18LIBOR US$ …
Northern Miner Indices (November 17, 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…
Bogoso-Prestea shines for Golden Star (November 17, 2003)
At the Bogoso-Prestea open-pit mines in Ghana, Golden Star Resources (GSC-T) has bought back a gold-indexed royalty from South African-based Barnato Exploration.In doing so, Golden Star delivered 2.75…
Editorial Cartoon (November 17, 2003)
Keevil heads 2004 inductees into Canadian Mining Hall of Fame
Norman B. Keevil, the man best-known for taking middling Teck Corp., with a couple of small gold mines, and building it into a base metals powerhouse, will be among four new inductees into the Canadia…
Canadian Stock Exchange Indices (November 17, 2003)
DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4HighLowTSX Composite7815.46…
Haywood buys piece of Planet (November 17, 2003)
A bought-deal financing with Haywood Securities all but assures Planet Exploration (PXI-V) of $5 million in gross proceeds.The private placement, which requires exchange approval to proceed, entails 3…
Spot Prices Tuesday, Nov. 11, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$386.40+8.10Silver$5.06+0.13Platinum$760.00+18.00…
LME Warehouse Levels (November 17, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 10 (change from Nov. 3 in brackets):MetalStock(tonnes)ChangeAluminium1366750(-70…
Grasberg update will affect copper markets
The key event in recent base metals markets is Freeport-McMoRan Copper & Gold’s (FCX-N) update on the status of its recovery efforts from the landslide at its Grasberg mine in Indonesia.Some of the mi…