Jilbey drills Taranga (October 20, 2003)
Jilbey Gold Exploration (JLB-V) has begun drilling at its Taranga gold permit in Burkina Faso.The property, which covers 240 sq. km of the Bouroum-Yalogo greenstone belt, was acquired earlier this yea…
News
Pacific Min advances 217
Vancouver — Pacific Minerals (PMZ-V) has launched a mine development scoping study for the 217 gold project in China’s Inner Mongolia region. The junior has hired the Chinese Design Institute to prov…
Sandvik to outsource jobs
Sandvik plans to sub-contract its service operations to outside businesses in an effort to cut costs.The areas of the company most likely to be affected include building construction and facilities ma…
Producer and Dealer Prices (October 20, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.95-12.00/lb.Copper: Comex Dec. US$0.8635/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Lending Rates (October 20, 2003)
as of 4 pm ET, Oct. 14, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.15LIBOR US$ …
Exchange Rates (October 20, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7US$ in C$Holiday1.32051.3399…
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
More issues soar to new heights
TORONTO STOCK EXCHANGEThe recent spat of record-breaking continued through the Oct. 8-14 report period, with some issues achieving the milestone on significant percentage gains.Junior Corriente Resour…
Junior exchange rallies to new high
TSX VENTURE EXCHANGEVancouver — Canada’s junior exchange surged to a new all-time high over the week ended Oct. 14. The S&P-TSX Venture Exchange composite index rocketed 36.64 points, or 2.6%, to clo…
Mines ministers tackle host of issues
The 60th annual conference of mines ministers was recently held in Halifax, N.S. The mining industry was represented by the Mining Association of Canada (MAC), the Prospectors & Developers Association…
SKN forms JV with Kunming Gold
Vancouver — SKN Resources (SRL-V) received a nod from the Chinese government to form a joint venture with Chinese-based Kunming Gold Exploration Engineering to explore the Tuobuka gold project in Yun…
Afcan drills Chinese gold
Drilling by Afcan Mining (AFK-V) continues to cut encouraging gold grades at the TJS project in China’s Qinghai province.In January, Afcan acquired the right to earn an 85% stake in TJS by paying US$5…