Exchange Rates (September 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 26Aug. 25Aug. 22Aug. 21Aug. 20US$ in C$1.39021.39791.40991.4…
2003
Flyin’ Jimmy Barber
The first time I flew with Jimmy Barber was in 1954, when he was working for Saskatchewan Government Airways in Lac la Ronge. We were prospecting north of there and Barber was kind enough to give us a…
NAP sizes up Lac des les underground (September 01, 2003)
North American Palladium (PDL-T) will launch a full feasibility study of a proposed underground mining operation targeting the Main High Grade zone at its Lac des Iles palladium-platinum mine, 85 km n…
Inflation, high costs hurt Zimbabwe gold sector
Zimbabwe must devalue its dollar and take drastic steps to curb inflation if it wants to stabilize its struggling gold sector, says David Murangari, CEO of the Zimbabwe Chamber of Mines.Mines there ar…
Producer and Dealer Prices (September 01, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.80-11.25/lb.Copper: Comex Sept. US$0.80/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Freeport reduces debt
Freeport-McMoRan Copper & Gold was the biggest newsmaker south of the border during the report period ended Aug. 26, as it announced it had converted US$311 million worth of notes into 21.8 million sh…
People (September 01, 2003)
Anglo American Lazarus Zim appointed deputy CEO and chairman of Anglo Operations.Apollo Gold — Robert Watts appointed to board.CYPlus — Robert Warriner appointed regional sales manager…
Roca Mines drill-tests BC prospect
Bob Quinn, B.C. — With the drilling season winding down in in the mountainous Iskut district of northwestern British Columbia, newly minted Roca Mines (ROK-V) is wasting no time in testing for gold-r…
Northern Star proves up Midway project
Vancouver — Encouraging drill results from its Midway gold property, west of Val d’Or, Que., have prompted Northern Star Mining (NSM-V) to acquire another 688 acres.Dubbed Cadillac, the new property …
Canadian Stock Exchange Indices (September 01, 2003)
DateAug. 26Aug. 25Aug. 22Aug. 21Aug. 20HighLowTSX Composite7442.82…
Rio goes ahead at Aguablanca project
Rio Narcea Gold Mines (RNG-T) has arranged a US$47-million debt facility to mine the Aguablanca nickel sulphide deposit in southwestern Spain.The facility, arranged with Investec Bank (U.K.) and Macqu…
Inco, union reach deal
Inco (N-T) and the United Steelworkers of America locals 6500 and 6200 have reached a tentative agreement after resolving a 13-week stalemate that centred on health-care and pension benefits.The union…