Trading Summary (November 17, 2003)
Toronto’s gold index slipped just 0.03 of a point to 218.17 despite a US$6.50-per-oz. slide by gold to US$390.80 pe…
Articles by Northern Miner Staff
Orezone cuts prospect at Essakan
Ongoing rapid-air-blast drilling by Orezone Resources (ORZ-T) has turned up a new gold prospect at the Essakan property in Burkina Faso, West Africa.The prospect, which overlies the Soka gold anomaly,…
Miners stage retreat
After running up in mid-week action, the Dow Jones Industrial Average closed the Nov. 5-11 report period 83.04 points lower at 9,737.79, while the Standard & Poor’s 500 index shed 5.24 points to make …
TNM launches online job board
The Northern Miner has launched an online job board exclusive to the mining industry. The website, northernminerjobs.com, promises to match job seekers with companies looking for personnel.Job seekers…
Lending Rates (November 17, 2003)
as of 4 pm ET, Nov. 11, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.18LIBOR US$ …
Northern Miner Indices (November 17, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
Daily Metal Prices (November 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 11Nov. 10Nov. 7Nov. 6Nov. 5Nov. 4Al Alloy…
TSE slides as precious metals fly
Except for the last day, buyers outpaced sellers over the Nov. 5-11 report period, but not enough to overcome last minute profit-taking. The Toronto Stock Exchange composite index finished the period …
Bogoso-Prestea shines for Golden Star (November 17, 2003)
At the Bogoso-Prestea open-pit mines in Ghana, Golden Star Resources (GSC-T) has bought back a gold-indexed royalty from South African-based Barnato Exploration.In doing so, Golden Star delivered 2.75…
Canadian Stock Exchange Indices (November 17, 2003)
DateNov. 10Nov. 7Nov. 6Nov. 5Nov. 4HighLowTSX Composite7815.46…
LME Warehouse Levels (November 17, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 10 (change from Nov. 3 in brackets):MetalStock(tonnes)ChangeAluminium1366750(-70…
Western markets coast on previous gains
The venture markets took a breather during the report period Nov. 5-11, with the S&P-TSX Venture Exchange composite index rising a modest 11.13 points to finish at 1,602.48.Probe Mines made the bigges…