Producer and Dealer Prices (May 19, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.7645/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
News
The Northern Miner Indices (May 19, 2003)
North American Mining: 66.70 (-0.10)Small Producers: 64.03 (+0.76)(Sept. 30/98 = 100)…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Claude aims drills at Porky (May 19, 2003)
Followup drilling by Claude Resources (CRJ-T) on the Currie Rose property, 2 km north of its Seabee mine in northern Saskatchewan, has confirmed the continuity of the West Porky gold zone and also unc…
Technical sessions dominate CIM convention
Montreal, Que. — The technical sessions at the recent convention of the Canadian Institute of Mining, Metallurgy and Petroleum began with a 2-day symposium on the country’s iron ore industry, which h…
Southwestern cuts more gold at Boka (May 19, 2003)
Vancouver — Southwestern Resources (SWG-T) has tabled further encouraging results from the Boka gold project in the southern Chinese province of Yunnan.The latest drilling was focused on the area kno…
Editorial Cartoon (May 19, 2003)
Consolidation affects exploration
You don’t need hyperspectral imaging or the latest in magnetotellurics to figure out that the impact of consolidation on exploration has been substantial. The last half-decade has been one of the hars…
Shareholders may not want to be subordinate Control freaks
Annual meeting season has seen some of its usual theatrics and high jinks this year, but one theme has popped up in several places: shareholders, especially large ones, are tired of capital structures…
Anglo, Gold Fields reject mediation offer
Anglo American and Gold Fields have rebuffed an offer by Anglican Archbishop Ndungane Njongonkulu to mediate in a lawsuit against the companies for alleged human rights abuses during apartheid.Anglo a…
Kinross axes 75 jobs at Lupin
Kinross Gold says it will lay off 75 workers at the Lupin gold mine, 80 km south of the Arctic Circle in Nunavut.The miner posted a US$13.3-million loss in the recent quarter and says the layoffs woul…
Northern Miner Indices (May 19, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…