Caution in order despite palladium’s rise
(The following is a second instalment from The Commodity Refiner, a monthly publication of Barclays Capital Research.)Palladium prices recently rose from 6-year lows below US$150 per oz. to more than …
News
Modest gains for base metals
The Toronto stock market continued its upward trend over the reporting period June 30-July 8, with the TSX composite index rising 106.50 points to close at 7,089.60 for a gain of 1.5%.The TSX gold ind…
SW Res. outlines gold zone
The first hole drilled at the Boka 1 South prospect in southern China has returned a wide zone of gold mineralization.Southwestern Resources (SWG-T) collared the hole, B03-06, about 800 metres south o…
Am Bonanza tests Gold Bar
Vancouver — American Bonanza Gold Mining (BZA-V) has begun drilling at the Gold Bar property in the prolific Battle Mountain-Eureka mineral trend of central Nevada.The junior is testing for bonanza-g…
Mouska team wins rescue prize
A team representing Cambior’s Mouska mine in northwestern Quebec won the provincial mine rescue competition held recently in Val d’Or.Four teams that had won preliminary competitions last fall compete…
Junior exchange active despite bullion slump
Vancouver — Canada’s junior exchange followed the major bourses higher over the week ended July 8. The S&P-TSX Venture Exchange composite index closed up 3.42 points, or 0.3%, to 1107.31.ITL Capital…
Northern Miner Indices (July 14, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
People (July 14, 2003)
Beartooth — Craig Smith appointed CFO.Brigadier Gold — Roger Dufresne and Robert MacGregor appointed to board of directors.Coeur d’Alene – James Arnold appointed VP of technical service…
LME Warehouse Levels (July 14, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 8 (change from July 1 in brackets):MetalStock(tonnes)ChangeAluminium1,177,750(+3…
Birim guts more gold in Ghana
Vancouver — A 12-hole program of reverse-circulation drilling by Birim Goldfields (BGI-T) has enhanced the economic prospects of the Mansiso target, part of the Dunkwa concession in southern Ghana.Bi…
Ashanti exec knighted
Sam Jonah, chief executive officer of Ghana-based Ashanti Goldfields, has been awarded an honourary knighthood at St. James’s Palace in London.The knighthood, which is honourary because the recipient …
Odyssey applies geological know-how in Turkey
Fatsa, Turkey — Having determined the mineral potential of its properties near this coastal town on the Black Sea, Odyssey Resources (ODX-V) is attempting to raise funding to renew drilling.The compa…