First Narrows busy in New Brunswick
After topping up its coffers with a recent $829,000 financing, First Narrows Resources (UNO-V) has focused its efforts on exploring its three New Brunswick properties — Chester, Middle River and Gold…
News
Orvana resizes Don Mario’s LMZ
Orvana Minerals (ORV-T) has tabled an updated reserve estimate for the Lower Mineralized zone (LMZ) at its Don Mario mine in southeastern Bolivia.Amec E&C Services pegs total proven and probable reser…
Cross Lake drills QR
An induced polarization survey has outlined what may be a new gold zone at the QR Mine property in British Columbia, reports Cross Lake Minerals (CRN-T).The anomaly, situated 400 metres east of the Ma…
Imperial drills Joss’alun project
Vancouver — Copper Ridge Explorations (KRX-V) reports that Imperial Metals (III-T) has commenced a 1,200-metre drill program on the company’s Joss’alun property in the Atlin area of British Columbia….
First Quantum scrapes by in Q2
Tax credits enabled First Quantum Minerals (FM-T) to overcome a net operating loss and record a small profit for the second quarter.Net earnings totalled US$64,000 in the three months ended June 30, c…
Minco drills Gobi project (September 08, 2003)
Vancouver — Minco Mining and Metals (MMM-V) recently kicked off a drill program on its Gobi gold project and continues to explore its BYC project in China.At the Gobi gold project in Inner Mongolia, …
LME Warehouse Levels (September 08, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 2 (change from Aug. 26 in brackets):MetalStock(tonnes)ChangeAluminium1348000(+1…
Exchange Rates (September 08, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27US$ in C$1.3877Holiday1.38511.
Lending Rates (September 08, 2003)
as of 4 pm ET, Sept. 2, 2003(%)Bank of Canada target rate3.00Bank of Canada overnight rate2.99Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.04U.S. Prime4.00LIBOR US$ 3-…
Editorial Cartoon (September 08, 2003)
BHP tallies higher profit
Vancouver — Despite a drop in sales, BHP Billiton (BHP-N) saw profits rise to US$1.9 billion, or US31 per share, in the fiscal year ended June 30, 2003.This marks a significant increase from the US$…
Three prongs, none grounded
The Ontario Legislature was dissolved on Monday, which at least put an end to a long-running no-news item that infested local radio and television through the August silly season. Elections have been …