Junior exchange grinds to a halt
Vancouver — Canada’s junior exchange lost ground over the week ended Feb. 3 as investors moved into tech stocks, with gold idling at US$400 per oz. The S&P-TSX Venture Exchange composite index closed…
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LME Warehouse Levels (February 09, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 3 (change from Jan. 26 in brackets):MetalStock(tonnes)ChangeAluminium1442150(-98…
Exchange Rates (February 09, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28US$ in C$1.33741.33841.32641.333…
Lamaque drilling cuts gold
Drilling by Kalahari Resources (kla-v) at its Lamaque project in northwestern Quebec has returned more gold intersections. The company tested two magnetic anomalies, T-06 and T-03, on the property. At…
Canadian Stock Exchange Indices (February 09, 2004)
DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28HighLowTSX Composite8660.70…
The Northern Miner Indices (February 09, 2004)
North American Mining: 102.71 (-2.37)Small Producers: 117.71 (-0.48)(Sept. 30/98 = 100)…
Canadian Mining Hall of Fame welcomes four new members
The newest inductees into the Canadian Mining Hall of Fame served their companies in widely differing roles, from explorer to developer to deal maker, but all four men proved to be invaluable contribu…
Apex raises US$161m
The report period Jan. 28-Feb. 3 may have been more remarkable for what didn’t happen than for what did. Reaction to the U.S. Federal Reserve’s Open Market Committee dominated the U.S. equity markets …
Sunridge explores in Eritrea (February 09, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
Diamond exploration heats up in Nunavut
BHP Billiton (BHP-N) has uncovered nine weakly to moderately diamondiferous kimberlites at its Qilalugaq property, near Repulse Bay in Nunavut.A test sample of 9.1 tonnes of kimberlite collected from …
EuroZinc lone bidder for Neves Corvo
Vancouver — EuroZinc Mining (EZM-V) is the only company to have bid on the offering of the Portuguese government’s 51% interest in Somincor, the company that owns the giant Neves Corvo copper mine in…
Teck ups stake in Highland Valley
With the ink barely dry on a 3-year labour deal, Teck Cominco (TEK-T) is preparing to boost to 97.5% its stake in the Highland Valley Copper mine, 60 km southwest of Kamloops, B.C.The company will do …