Queenstake sells Magistral to Nevada Pacific
Junior Nevada Pacific Gold (NPG-V) intends to make the jump to producer after striking a deal to acquire Queenstake Resources’ (QRL-T) Magistral gold mine in the northern Mexican state of Sinaloa.Quee…
News
Branding and the diamond industry
I’m sure it has happened to practically everyone: you’re at an airport, yet another flight, and no book to read . . . panic. The terminal did not have a particularly good bookshop and, as time ran out…
LME Warehouse Levels (January 05, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 24 (change from Dec. 19 in brackets):MetalStock(tonnes)ChangeAluminium1419175(-1…
Northern Miner Indices (January 05, 2004)
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…
Spot Prices Monday, Dec. 29, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$412.00+2.30Silver$5.86 +0.20Platinum$826.00+8.00…
People (January 05, 2004)
CIM — Jean Vavrek appointed executive director.Corex Gold — Patrick Downey appointed director; Robert McKeen appointed corporate secretary.LBX Co. — Michael Davis appointed VP marketin…
Miners surge after Christmas break
The Toronto Stock Exchange’s gold issues dominated the holiday-shortened report period ended Dec. 29.The gold index shot up 15.59 points over the three days to end 6.5% higher at 234.03. Most of the g…
Asia Pacific dives on Udon licence news
Shares in Asia Pacific Resources (APQ-T) were off 3.5, or about 16%, at 18.5 by mid-day on Dec. 23, after the junior announced that Thailand’s government has reservations about extending a special p…
New deal at Altonorte in Chile
Employees at Noranda’s (NRD-T) Altonorte custom copper smelter in Chile have ratified a 3-year collective agreement. The new deal includes improved wages and benefits, and has provisions for performan…
Mustang raises $6.4m
Mustang Minerals (MUM-V) has raised $6.4 million via an offering of flow-through and common share units. The proceeds will be used to explore and develop the Bannockburn and Manchester nickel properti…
Northern Star drills Midway
Vancouver — The first hole of an ongoing 25,000-ft. drill program has cut mineralization 1,200 ft. below surface at the Midway property, west of Val d’Or, Que.Hole 10 is the deepest drill intercept t…
Exchange Rates (January 05, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23US$ in C$1.3104HolidayHoliday1…