Minco drills Gobi project (September 08, 2003)
Vancouver — Minco Mining and Metals (MMM-V) recently kicked off a drill program on its Gobi gold project and continues to explore its BYC project in China.At the Gobi gold project in Inner Mongolia, …
2003
Exchange Rates (September 08, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27US$ in C$1.3877Holiday1.38511.
Gold: Supply and demand in Q2
Global demand for gold rose by just over 5% year-on-year in the second quarter of this year, with the greatest change coming in near-record levels of producer de-hedging, according to a report by anal…
QGX soars in Mongolia (September 08, 2003)
Shares in junior gold explorer QGX (QGX-V) rocketed to an all-time high following the latest batch of exploration results from its Golden Hills prospect in western Mongolia.Hole CVZ-40, collared on th…
Daily Metal Prices (September 08, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27Al Alloy1420/142…
Holmer Gold, Acadian to merge
Juniors Holmer Gold Mines (HGM-V) and Acadian Gold (ADA-V) (formerly Tempus Corp.) are merging.Under the proposed deal, shares of Acadian and Holmer would be turned in for shares in the combined entit…
Canadian Stock Exchange Indices (September 08, 2003)
DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27HighLowTSX Composite7566.86…
Corriente cuts new copper at Mirador (September 08, 2003)
Drilling by Corriente Resources (CTQ-T) has uncovered a new zone of high-grade copper mineralization about 3 km to the northwest of its Mirador copper-gold deposit in southeastern Ecuador.Two angled h…
Asbestos trust fund established in South Africa
A R400-million (US$55-million) trust fund designed to compensate those suffering from asbestos-related diseases has been established in South Africa, with the lion’s share of funding coming from South…
Norilsk buys more Stillwater
Russia’s Norilsk Nickel gave the final results of its US$32.6-million offer to buy up to 4.35 million shares (5%) of its 51%-owned subsidiary Stillwater Mining for $7.50 apiece, in cash. When the offe…
Mustang gallops into Manchester
Mustang Minerals (YMU-T) has inked a deal to explore for nickel on Inco’s (N-T) Manchester property covering a 2.5-km stretch of the Manchester Offset dyke on the south range of the Sudbury igneous co…
Northern Miner Indices (September 08, 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…