Northern Miner Indices (September 22, 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…
News
Daily Metal Prices (September 22, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 16Sept. 15Sept. 12Sept. 11Sept. 10Al Alloy138…
Producer and Dealer Prices (September 22, 2003)
Antimony: Mid-mkt US$2,245/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.61/lb.Cobalt: Recent trades US$9.75-10.70/lb.Copper: Comex Dec. US$0.816/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
US gold producers hit
A sharp drop in gold prices dragged most southern producers to lower levels during the report period ended Sept. 16.Newmont Mining, the world’s largest producer of the yellow metal, lost US0.74, or 1…
Pechiney says oui to sweetened deal
French aluminum producer Pechiney has accepted a new sweetened takeover offer from Alcan (AL-T).The new cash-and-share offer is worth 47.50 euros per share and includes a bonus of 1 euro per share, pr…
De Beers funds lab at U of A
A partnership between De Beers Canada and the University of Alberta has given rise to Canada’s first diamond research laboratory.The diamond miner will donate $100,000, which will be used for equipmen…
Birim cuts gold in Ghana
Reconnaissance drilling by Birim Goldfields (BGI-T) has led to the discovery of several gold prospects at the Bui project in west-central Ghana.The program, entailing 3,411 metres in 59 reverse-circul…
Diagem leads juniors on western exchange
Vancouver — Canada’s junior exchange managed to stay in bull territory over the week ended Sept. 16 despite recent-profit taking, which prompted the largest 1-day drop in nearly two months. But when …
Newmont picks Clover (September 22, 2003)
Vancouver — Just days after granting Great Basin Gold (GBG-T) the right to earn a 70% stake in its Golden Cloud property, Atna Resources (ATN-T) has dealt a second Nevada property, this time to the w…
Drilling resumes at Fort la Corne
The Fort la Corne joint venture will spend $3 million on drilling in Saskatchewan as it tries to learn more about the internal geology and diamond distribution of the kimberlite targets in question….
Gold output up in South Africa
South Africa’s gold production increased by 0.7% to 92.98 tonnes or almost 3 million oz. in the second quarter of 2003, compared with the corresponding period last year.However, on a year-over-year ba…
Crystallex gets Cristinas numbers (September 22, 2003)
A feasibility study on the Las Cristinas gold project in Bolivar state, Venezuela, has concluded that a 300,000-oz.-per-year operation would be economic at present gold prices, and project operator Cr…