Wheaton River takes out Miranda (September 15, 2003)
Vancouver — Wheaton River Minerals (WRM-T) is continuing its strategy of growth through acquisition by inking deals with Teck Cominco (TEK-T) and Miranda Mining (MRM-V) to acquire the Los Filo…
News
Outokumpu swaps assets with Boliden
An asset-swap deal between Scandinavian metal producers Outokumpu of Finland and Boliden (BLS-T) of Sweden will move almost all Outokumpu’s remaining mining assets to Boliden.The exchange will give Ou…
Exchange Rates (September 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3US$ in C$1.36711.37071.37111.3…
Daily Metal Prices (September 15, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3Al Alloy1395/140…
Junior exchange hits all-time high
Vancouver — Canada’s junior exchange traded at its highest level since its inception in December 2001 during the week ended Sept. 9. The S&P-TSX Venture Exchange composite index tacked on 43.80 point…
Gold stocks soar with bullion
The precious metals enjoyed across-the-board gains during the Sept. 3-9 report period. Gold jumped US$12.25 to end at US$382.25 per oz. sending the Toronto Stock Exchange’s gold subindex soaring 8.1 p…
Annual Aussie talkfest starts with a bang
Kalgoorlie, Australia — While the August weather may have been chilly, the kick-off of the 11th annual Diggers & Dealers mining conference in Western Australia provided some heat for the record 1,200…
Grade still rocks at Meridian’s El Peon
Antofagasta, Chile — With just over three years of high-grade reserves left at El Peon, Meridian Gold (MNG-T) is eagerly searching for more of the material that has helped make the operation among t…
Yamana gains control of Brazilian gold mine
Vancouver — Spokane-based Yamana Gold (YRI-T) (formerly Yamana Resources) has assumed operatorship at its newly acquired Fazenda Brasileiro gold mine in northeastern Brazil.Last month Yamana paid Com…
Editorial Cartoon (September 15, 2003)
Bank on the future
Global Economic Prospects, the annual compilation of economic forecasts made by the World Bank, is out, and the economists have good news and bad news for the mineral industries.The good news is that …
Bema drills Kupol (September 15, 2003)
Vancouver — Impressive drill results continue to roll in from the Kupol gold property in Russia’s Far East region.So far, operator Bema Gold (BGO-T) has put down 130 holes comprising 17,052 metres of…