Spot Prices Wednesday August 27, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.30+2.10Silver$5.000.00Platinum$696.00-8.00Pa…
News
Exchange Rates (September 01, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 26Aug. 25Aug. 22Aug. 21Aug. 20US$ in C$1.39021.39791.40991.4…
Diamondiferous gravels outlined at Tirisano (September 01, 2003)
An independent resource update has increased the volume of diamondiferous gravels at the Tirisano mine in South Africa, reports Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V).South Afr…
Flyin’ Jimmy Barber
The first time I flew with Jimmy Barber was in 1954, when he was working for Saskatchewan Government Airways in Lac la Ronge. We were prospecting north of there and Barber was kind enough to give us a…
NAP sizes up Lac des les underground (September 01, 2003)
North American Palladium (PDL-T) will launch a full feasibility study of a proposed underground mining operation targeting the Main High Grade zone at its Lac des Iles palladium-platinum mine, 85 km n…
Inflation, high costs hurt Zimbabwe gold sector
Zimbabwe must devalue its dollar and take drastic steps to curb inflation if it wants to stabilize its struggling gold sector, says David Murangari, CEO of the Zimbabwe Chamber of Mines.Mines there ar…
Producer and Dealer Prices (September 01, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.80-11.25/lb.Copper: Comex Sept. US$0.80/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
The Northern Miner Indices (September 01, 2003)
North American Mining: 86.25 (-1.34)Small Producers: 87.69 (-1.09)(Sept. 30/98 = 100)…
Freeport reduces debt
Freeport-McMoRan Copper & Gold was the biggest newsmaker south of the border during the report period ended Aug. 26, as it announced it had converted US$311 million worth of notes into 21.8 million sh…
People (September 01, 2003)
Anglo American Lazarus Zim appointed deputy CEO and chairman of Anglo Operations.Apollo Gold — Robert Watts appointed to board.CYPlus — Robert Warriner appointed regional sales manager…
Roca Mines drill-tests BC prospect
Bob Quinn, B.C. — With the drilling season winding down in in the mountainous Iskut district of northwestern British Columbia, newly minted Roca Mines (ROK-V) is wasting no time in testing for gold-r…
Northern Star proves up Midway project
Vancouver — Encouraging drill results from its Midway gold property, west of Val d’Or, Que., have prompted Northern Star Mining (NSM-V) to acquire another 688 acres.Dubbed Cadillac, the new property …