Articles by Northern Miner Staff
McWatters eyes $25m for Val d’Or deals
McWatters Mining (MWA-T) has agreed to sell 125 million shares for 20 apiece to a syndicate of underwriters led by National Bank Financial. The deal will raise $25 million in proceeds.McWatters will …
MuchBudget: a vote or a video?
“By Levying Money for and to the Use of the Crowne by pretence of Prerogative for other time and in other manner than the same was granted by Parlyament . . . utterly and directly contrary to the know…
Northern Dynasty boosts Pebble resource
Vancouver — An independent resource estimate tabled by Northern Dynasty Minerals (NDM-V) has enhanced the economic potential of the Pebble gold-copper-molybdenum project in southwestern Alaska.The st…
Meridian slams brakes at Argentine project (April 07, 2003)
Following a non-binding referendum in which the citizens of Esquel, Argentina, voted overwhelmingly against development of the Esquel gold project, Meridian Gold (MNG-T) has suspended plans to build a…
Lending Rates (April 07, 2003)
as of 4 pm ET, Apr. 1, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.28LIBOR US$ 6-month1.23LIBOR US$ 1-year1.28Gold lease 3-m…
Spot Prices Wednesday April 2, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$330.25+0.65Silver$4.40+0.02Platinum$640.00-4.00P…
People (April 07, 2003)
Diavik Diamond Mines — President and CEO Philip du Toit resigns.GoldSpring — John F. Cook appointed president; Les Cahan appointed treasurer.Magnum d’Or — Reno Calabrigo appointed pres…
The Northern Miner Indices (April 07, 2003)
North American Mining: 65.75 (+1.06)Small Producers: 56.80 (+2.38)(Sept. 30/98 = 100)…
Exchange Rates (April 07, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 1March 31March 28March 27March 26US$ in C$1.47261.46931.4678…
LME Warehouse Levels (April 07, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 1 (change from March 25 in brackets):MetalStock(tonnes)ChangeAluminium1252775(-…
Producer and Dealer Prices (April 07, 2003)
Antimony: Mid-mkt US$2,500/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.20-10.30/lb.Copper: Comex May US$0.7425/lb.Indium: Indium Corp., ingot, US$110/kg.Iridiu…