The Northern Miner — Small Producers Index (November 04, 2002)
67.82 (+3.81)(Sept. 30/98 = 100)…
News
Blacks to own 26% of SA mines under new charter
The revised South African mining charter calls for 26% of every mine to be under black ownership within 10 years and for white-owned companies to help raise the R100 billion needed to achieve this obj…
Return of the commodity cycle
A study recently presented to the Department of Industry concludes that the energy industry is finding it difficult to raise investment capital, and that there is some danger the industry will cut bac…
Eldorado stays in black
Vancouver — With production back to normal at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) managed to turn a solid profit in the third quarter.Earnings for the period totalled US$2 million (or…
Horne strike hits CCR refinery (November 04, 2002)
Noranda (NRD-T) intends to cut staff at its CCR refinery in Montreal by about 15%, citing revenue losses caused by striking workers at its Horne copper smelter in Rouyn-Noranda, Que.The smelter normal…
A hole in the ground with a buyer on top
Mark Twain is credited with having defined a mine as a “hole in the ground with a liar on top.” But when it comes to the diamond business, it’s a “hole in the ground with a buyer on top.”Diamonds trav…
Corrections (November 04, 2002)
Southern Star Resources is a wholly owned subsidiary of Colorado-based Golden Star Resources (GSC-T). Shares of publicly listed Southern Star Resources (YSO-V) trade on the Toronto Stock Exchange with…
NovaGold hits high grade at Donlin Creek
Ongoing drilling by NovaGold Resources (NRI-T) at the Donlin Creek gold deposit in Alaska has cut high-grade gold mineralization within the modeled confines of the Acma pit.Initial results from the st…
Spot Prices Wed. October 30, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$317.15+$3.75Silver$ 4.48+$0.07Platinum$590.00+$…
Canadian Stock Exchange Indices (November 04, 2002)
DateOct. 29Oct. 28Oct. 25Oct. 24Oct. 23HighLowTSX Composite6294.816419.376405.876336.86…
High Arctic zinc mine closures signal end of era
Nanisivik, Nunavut — The final zinc and lead concentrate shipments from the High Arctic departed for Europe’s smelters in September, signaling the end of an era for Canadian mining.For more than two …
Wolfden outlines depth potential at High Lake
Vancouver — Wolfden Resources (YWO-V) continues to intersect high-grade copper mineralization at depth and down-plunge in the B zone of its High Lake property, in the Kitikmeot region of Nunavut, abo…