News
The Northern Miner Indices (February 02, 2004)
North American Mining: 105.08 (-0.92)Small Producers: 118.19 (+5.97)(Sept. 30/98 = 100)…
Jaguar Mining consolidates Quadrilatero Ferrifero
Belo Horizonte, Brazil — Rarely does a newly listed junior gold company come with 2.5 million oz. already in the ground and an operating team experienced enough to advance them to production.Yet that…
Spot Prices Tuesday, Jan. 27, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$405.70-2.60Silver$6.24 -0.15Platinum$854.00-4.00…
Exchange Rates (February 02, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 27Jan. 26Jan. 23Jan. 22Jan. 21US$ in C$1.30491.31361.31191.2…
LME Warehouse Levels (February 02, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 26 (change from Jan. 19 in brackets):MetalStock(tonnes)ChangeAluminium1451950(+1…
Cream Minerals raises $1.5m
Vancouver — Cream Minerals (CMA-V) has signed a deal with Canaccord Capital for a private placement of up to 2.3 million units priced at 65 apiece. Gross proceeds are estimated to be $1.5 million. A…
Southern Rio cuts more gold at 3Ts
The program was designed to extend and define the Ted vein mineralization, as well as provide data to calculate an inferred resource. At last report, the Ted Vein had been defined along a strike lengt…
Aurelian cuts more gold at Condor (February 02, 2004)
Vancouver — Aurelian Resources () has tabled encouraging results from drilling completed late last year at the Condor project in southeastern Ecuador.The company sunk 14 diamond drill holes on two of…
Northern Dynasty expands Pebble
Resources at Northern Dynasty Minerals’ () Pebble gold-copper project, 380 km southwest of Anchorage, Alaska, have swelled following 19,948 metres of drilling in 59 holes.Norwest Corp., an independent…
St. Jude cuts more gold at Benso (February 02, 2004)
Vancouver — St. Jude Resources () has released encouraging drill results from the Benso concession in Ghana, West Africa.Drilling on the G zone has determined that mineralization strikes for more tha…
When stars line up
More commentators are saying out loud what was only safe to whisper a year ago: that commodity markets seem to have turned the corner, and that renewed economic growth may sustain a bull market for se…