Exchange Rates (September 15, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3US$ in C$1.36711.37071.37111.3…
News
Aussies to spend A$7b on gold sector
Australia’s gold-mining industry will spend roughly A$7 billion, or an increase of 3.6%, on capital investment, exploration and operations in 2003-04, according to a recent survey by accounting firm D…
Quebec’s engineers honour Dufour
The Order of Engineers of Quebec, representing 46,000 engineers in la belle province, has awarded its 2003 Excellence Award to Ren Dufour, long-time educator and present-day chairman of Montreal-base…
Daily Metal Prices (September 15, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 9Sept. 8Sept. 5Sept. 4Sept. 3Al Alloy1395/140…
Gold stocks soar with bullion
The precious metals enjoyed across-the-board gains during the Sept. 3-9 report period. Gold jumped US$12.25 to end at US$382.25 per oz. sending the Toronto Stock Exchange’s gold subindex soaring 8.1 p…
Northern Miner Indices (September 15, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Junior exchange hits all-time high
Vancouver — Canada’s junior exchange traded at its highest level since its inception in December 2001 during the week ended Sept. 9. The S&P-TSX Venture Exchange composite index tacked on 43.80 point…
NovaGold Resources raises $25 million
Vancouver — NovaGold Resources (NRI-T) has inked a financing deal to raise $25 million by issuing common shares an…
Jacobina restart economic, study says
A feasibility study on the Jacobina gold mine in Brazil indicates it would be economic for operator Desert Sun Mini…
AfriOre cuts high-grade gold in Mali (September 12, 2003)
Best known for its coal-mining activities in South Africa, AfriOre (AFO-T) has created some stock market heat with…
Pechiney says oui
French aluminum producer Pechiney has accepted a new sweetened takeover offer from Alcan (AL-T). The new cash-a…
American Bonanza revs up Gold Bar rig (September 12, 2003)
Targeting Carlin-type gold deposits, junior American Bonanza Gold Mining (BZA-V) will shortly resume drilling at th…