Lending Rates (July 28, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
News
The Northern Miner Indices (July 28, 2003)
North American Mining: 77.69 (+3.53)Small Producers: 74.77 (+2.99)(Sept. 30/98 = 100)…
Bambari drilling turns up gold at depth (July 28, 2003)
Drilling by Axmin (AXM-V) at the Bambari property in the Central African Republic has confirmed mineralization at depth below the surface gold occurrence knows as the French Camp prospect.The four mos…
Quebec still incentive leader
After the Quebec election in early June, Jean Charest’s newly elected Liberal government said its 2003-2004 budget would pare back tax credits and tax holidays for businesses. Despite the cuts, Quebec…
Golden Star to double production
Denver-based Golden Star Resources (GSC-T) expects to be pouring gold from its Wassa project, 150 km west of Accra, Ghana, in the first quarter of 2004.An independent feasibility study envisages an op…
Atna adopts mostly-gold strategy
Elko, Nev. — After years of trying to develop a string of base metal projects, Atna Resources (ATN-T) has reinvented itself as a gold explorer in Nevada’s Carlin trend.The company had tried to fund e…
Diamonds North targets Victoria Island (July 28, 2003)
Diamonds North Resources (DDN-V) has returned to Victoria Island in Nunavut, hoping to build on last year’s diamond exploration program, in which 11 kimberlite bodies and showings were found.This year…
Base metal mining proves profitable
The period ended July 22 was highlighted by several positive earnings reports from some of Canada’s biggest base metals companies.Inco rose 64 to $30.09 as it announced net second-quarter earnings of…
WMC finds Meliadine West buyer
Australia’s WMC Resources (WMC-N) is dusting off the 4.5-million-oz. Meliadine West property in Nunavut and selling its 56% stake to Comaplex Minerals (CMF-T), a Calgary-based junior that already hold…
Fifteen Years Ago / August 1988
Noranda buys Falco blockNoranda has quietly gone to the open market and emerged as Falconbridge’s largest shareholder.While the market was distracted by some heavy trading of the Falconbridge issue, N…
South African strike unlikely
Talks regarding a new contract for miners in South Africa reached an impasse in mid-July, and workers in the world’s biggest gold-producing country set a deadline of late July for the first nationwide…
