New zone at Wassa
Denver-based Golden Star Resources (GSC-T) has discovered a new zone of gold mineralization at its Wassa property in Ghana, fueling hopes that it will expand the resource.Studies into the feasibility …
News
Alcan secures Pechiney
With Alcan’s (AL-T) 4-billion-euro takeover bid for France’s Pechiney expiring, the Canadian aluminum giant reports that, so far, 92.21% of the fully diluted shares have been tendered.The results are …
Northern Miner Indices (December 22, 2003)
CompanyTickerWeightBarrickABX-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-N24.1%NorandaNRD-T5.0%P…
Exchange Rates (December 22, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 16Dec. 15Dec. 12Dec. 11Dec. 10US$ in C$1.31831.31341.31501.3…
Producer and Dealer Prices (December 22, 2003)
Antimony: Mid-mkt US$2,080/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$16.60-18.30/lb.Copper: Comex Mar. US$1.005/lb.Indium: Indium Corp., ingot, US$320/kg.Iridi…
Canadian Stock Exchange Indices (December 22, 2003)
DateDec. 16Dec. 15Dec. 12Dec. 11Dec. 10HighLowTSX Composite7987.25…
Dow cracks 10,000 again
The Dow Jones Industrial Average distinguished itself during the report period ended Dec. 16 by again flying past the 10,000 mark — a feat not achieved since March 2002 — and settling up 206.14 poin…
Depth potential at Joe Mann
Depth extensions of some known gold zones have been confirmed by drilling done by Campbell Resources (CCH-T) at the Joe Mann mine, south of Chibougamau in north-central Quebec.An 11-hole program of un…
Eldorado tests prospects in Turkey
Preliminary drilling in the Biga Peninsula of western Turkey has returned mixed results for Eldorado Gold (ELD-T).The reverse-circulation (RC) program focused on two showings: Keditasi and Yatiktas. B…
Slam, Noranda to explore Bathurst camp
Junior Slam Exploration (SXL-V) is joining with Noranda (NRD-T) to explore for base metal deposits in the Bathurst camp of northern New Brunswick.Slam, which is based in Miramichi, N.B., will spend $2…
Sherritt to convert shares
Nickel producer and coal holding company Sherritt International (S-T) has arranged to convert the multiple-voting shares held by its chairman, Ian Delaney, into restricted voting shares of the class t…
Intrepid finds Argentine gold
Toronto-based Intrepid Minerals (IAU-V) reports high-grade gold and silver values following trenching on the Kamila zone of the Casposo property in northwestern Argentina.Intrepid has extended the zon…