Junior exchange soars to new highs
Vancouver — Canada’s junior exchange surged forward over the week ended Nov. 4 as resource stocks continued to spark investor interest. The S&P-TSX Venture Exchange composite index rose 92.8 points, …
2003
Mustang unearths nickel showing near Timmins
Follow-up stripping of an electromagnetic anomaly has revealed a rich-nickel showing at the Bannockburn property, about 100 km southeast of Timmins, Ont.Mustang Minerals (MUM-V), which can earn a 100%…
Daily Metal Prices (November 10, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 3Oct. 31Oct. 30Oct. 29Oct. 28Al Alloy1390/1406…
Low palladium prices hamper Stillwater
Lower palladium prices have forced Stillwater Mining (SWC-N) to record a loss of US$1.6 million for the three months ended Sept. 30.The US2-per-share slump came on revenue of US$58.2 million and comp…
Spot Prices Tuesday, Nov. 4, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$378.30-8.25Silver$4.93-0.22Platinum$742.00-5.00P…
The Northern Miner Indices (November 10, 2003)
North American Mining: 100.40 (+6.23)Small Producers: 91.78 (+2.71)(Sept. 30/98 = 100)…
Boston deep drilling cuts gold
A deep drilling campaign at the Boston gold deposit of Miramar Mining (MAE-T) has shown that gold mineralization may persist to a depth of almost 1,400 metres.Two drill holes completed in late summer …
Producer and Dealer Prices (November 10, 2003)
Antimony: Mid-mkt US$2,100/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$10.90-13.00/lb.Copper: Comex Dec. US$0.9575/lb.Indium: Indium Corp., ingot, US$225/kg.Irid…
Radius takes back Tambor
Vancouver — Radius Exploration (RDU-V) has regained sole ownership of the large Tambor gold project in Guatemala.The Simon Ridgway-led junior agreed to issue 1.3 million shares for all of Gold Fields…
Exchange Rates (November 10, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 4Nov. 3Oct. 31Oct. 30Oct. 29US$ in C$1.33201.33231.31971.307…
PNWC finds more PGMs at Varley zone
Vancouver — Pacific North West Capital (PFN-T) has intersected a significant zone of mineralization at its River Valley property, near Sudbury, Ont.The mineralization is centred on the Varley zone, 3…
Pan Am Silver sells stake in Tres Cruces
Vancouver — Pan American Silver (PAA-T) has accelerated a deal to sell its half-stake in the Tres Cruces gold project in Peru.New Oroperu Resources (ORO-V) is acquiring the interest, which will give …