Inmet adds to Cayeli portfolio
A deal between the Turkish subsidiaries of two Canadian companies paves the way for Inmet Mining (IMN-T) to acquire…
Articles by Northern Miner Staff
Trading Summary (July 21, 2003)
A US$4.05-per-oz. gain by gold to US$351.10 per oz. in New York pushed Toronto Gold index 4.65 points, or 2.8%, hig…
Bambari drilling turns up gold at depth (July 21, 2003)
Recent drilling by Axmin (AXM-V) at the Bambari property in the Central African Republic has confirmed mineralizati…
Falco boosted by higher nickel prices, tax cut
Higher nickel prices and a one-time $12-million tax recovery owing to changes in federal resource taxes helped Falc…
Drill turns at Gibraltar
Vancouver — Taseko Mines has launched a 2,600 metre exploration drill program over its past producing Gibraltar co…
Producer and Dealer Prices (July 21, 2003)
Antimony: Mid-mkt US$2,380/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$10.15-11.00/lb.Copper: Comex Sept. US$0.794/lb.Indium: Indium Corp., ingot, US$140/kg.Irid…
Canadian Stock Exchange Indices (July 21, 2003)
DateJuly 15July 14July 11July 10July 9HighLowTSX Composite7116.087115.987077.567071.54…
Rubicon drills in Red Lake
Junior Rubicon Minerals (RMX-V) has renewed drilling at the Rivard property in Ontario’s Red Lake camp.The 7,500-ft. program follows a first phase, completed earlier this year, which produced a best r…
Suit claims Barrick misled investors
Two U.S.-based law firms have launched a class-action suit against Barrick Gold (ABX-T) for allegedly misleading investors by forecasting higher earnings than the company delivered last year.Barrick, …
Base metals: higher with caution
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current base metals markets.)A comparison of actual base metals prices in…
Exchange Rates (July 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 15July 14July 11July 10July 9US$ in C$1.39291.37391.37611.38…
WMC exits Canada
One of the most significant deals of the report period was the agreement to merge WMC Resources’ Canadian subsidiary WMC International with Canadian junior gold explorer Comaplex Minerals.Comaplex wil…