The Northern Miner Indices (March 22, 2004)
North American Mining: 107.01 (-1.06)Small Producers: 125.08 (-3.68)(Sept. 30/98 = 100)…
News
Exchange Rates (March 22, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 16March 15March 12March 11March 10US$ in C$…
Canadian Stock Exchange Indices (March 22, 2004)
DateMarch 16March 15March 12March 11March 10HighLowTSX Composite8503.278434.418592.048503…
Madrid bombings shake US-led coalition
The report period ended March 16 was stained by a terrorist attack on Spanish commuters riding Madrid’s train system during the early hours of March 11. Ten bombs were detonated on four trains, killin…
Ivanhoe honoured for Oyu Tolgoi
Ivanhoe Mines (IVN-T) Chairman Robert Friedland has been known to wax eloquently about his company’s mining projects scattered throughout the globe but before he took the stage at the annual awards ce…
Canada overtakes South Africa in diamond value
With two diamond mines already established and three projects at the permitting stages, Canada will surpass South Africa this year in terms of diamond production value and move into third place, behin…
Meridian profits from El Peon
Reno-based Meridian Gold (MNG-T) made a net profit of US$36.8 million in 2003, reflecting the stellar operating performance of the El Peon mine, 160 km southeast of Antofagasta in Chile.The high-grad…
Editorial Cartoon (March 22, 2004)
Mexgold closes deal for El Cubo
Using the proceeds from a $45-million private placement, Mexgold Resources (MGR-V) has acquired the El Cubo gold-silver mine in Mexico’s Guanajuato state.The Nova Scotia-based company paid US$13.5 mil…
Gulf International axes non-compete payments
Gulf International Minerals (GIM-T) has decided not to make any post-termination payments to recently ousted president and CEO Alastair Ralston-Saul.Earlier this year, the company agreed to pay Ralsto…
Cameco’s Boroo on-stream
Cameco’s (CCO-T) 53.2%-owned Boroo gold mine, 110 km northwest of Ulaanbaatar in Mongolia, has started commercial production.The open-pit operation is owned and operated by Boroo Gold, an indirect sub…
Alaska mining on the rise
Rising metal prices sparked the Alaska mining industry last year, according to the Geological Survey of Alaska.The total value of mineral exploration, development, and production is expected to hit US…