Canico expands Onca-Puma project
Canico Resource (CNI-T) has boosted the inferred resource estimate for its Onca and Puma nickel laterite deposits i…
News
Rock Creek shaping up for NovaGold (August 13, 2003)
Vancouver — Novagold Resources (NRI-T) has tabled a positive scoping study of the Rock Creek project, near Nome, A…
Results keep PNWC bullish at River Valley
Vancouver — Harry Bar-led Pacific North West Capital (PFN-T) has tabled further encouraging drill results from its…
Glamis lowers gold output
Vancouver — A production shortfall at its flagship San Martin mine in Honduras resulted in relatively flat profits for Glamis Gold (GLG-T) in the second quarter.The Reno-based company posted net inco…
Soquem drops Clearwater back-in (August 11, 2003)
Quebec government-owned Soquem has waived its back-in right to regain a 25% stake in the Clearwater gold project, in the province’s northwestern region.Last March, Soquem granted an option on half of …
Northern Miner Indices (August 11, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
Barrick sees operating cash flow shrink
Lower production and higher costs at the Meikle mine in Nevada prevented Barrick Gold (ABX-T) from realizing stellar earnings in the quarter ended June 30.The major reported a profit of US$59 million …
Extra items bolster Placer Dome’s earnings
Vancouver — Extraordinary items propelled Placer Dome (PDG-T) to a US$66-million (US16-per- share) profit for the second quarter of 2003.The surging profit included a US$16-million derivative gain a…
Castleworth drills Pan (August 11, 2003)
Vancouver — The first drill results from an ongoing program indicate an expansion of the resource at the Pan gold project in Nevada.Castleworth Ventures (WTH-V) has intersected encouraging values in …
LME Warehouse Levels (August 11, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 5 (change from July 29 in brackets):MetalStock(tonnes)ChangeAluminium1307100(+13…
Exchange Rates (August 11, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 5Aug. 4Aug. 1Aug. 31Aug. 30US$ in C$1.4043Holiday1.39641.407…
Holiday hangover overcomes market
The holiday-shortened July 30-Aug. 5 report period was marked by more sellers than buyers, causing the Toronto Stock Exchange composite index to slip 37.81 points and land at 7,180.54.Gold reversed co…