Partners boost Maverick Springs
Vancouver A 7,020 ft. drill program by partners Silver Standard Resources (SSO-V) and Colorado-based Vista Gold (…
News
Noranda puts Perseverance on hold
With zinc prices foundering in the US33-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of t…
Alcoa injects $1 billion in to Baie-Comeau smelter
Alcoa (AA-N) has tabled plans for a $1-billion investment in its smelter at Baie-Comeau, Quebec. Under a deal w…
Northern Miner Indices (December 16, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Namco puts subsidiaries in dry dock
Unable to secure additional funding from its bankers and principal lenders, marine diamond miner Namibian Minerals (NMR-T) has been forced to shut down certain of its South Africa and Namibia subsidia…
Linear drills Nfld prospect
Linear Resources (LRR-V) has begun a 700-metre drill program on an intrusion-related, gold-bearing prospect at its 15-claim Powderhorn property on Newfoundland’s East Coast.Linear can earn acquire the…
Producer and Dealer Prices (December 16, 2002)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.50/lb.Copper: Comex Mar US$0.745/lb.
Voisey’s Bay back on track
Inco (N-T) says its recent decision to delay work on the giant Goro nickel laterite project in New Caledonia, owing to cost overruns, is not expected to affect the schedule for developing the Voisey’s…
Seabee’s grades improve in third quarter
Claude Resources (CRJ-T) reduced its losses in the third quarter as grades continued to recover at its Seabee gold mine in Saskatchewan.The net loss amounted to $200,000 (or nil per share) on revenue …
Daily Metal Prices (December 16, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4Al Alloy1314/1312…
Eldorado expands Kisladag
Vancouver — Eldorado Gold (ELD-T) has added about 600,000 ounces to the in situ resource estimate of the Kisladag project in western Turkey.The expansion is based on 10,700 metres of reverse-circulat…
LME Warehouse Levels (December 16, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 10 (change from Dec. 3 in brackets):MetalStock(tonnes)ChangeAluminium…