News
Keevil heads 2004 inductees into Canadian Mining Hall of Fame
Norman B. Keevil, the man best-known for taking middling Teck Corp., with a couple of small gold mines, and building it into a base metals powerhouse, will be among four new inductees into the Canadia…
The Northern Miner Indices (November 17, 2003)
North American Mining: 96.72 (-3.68)Small Producers: 89.80 (-1.98)(Sept. 30/98 = 100)…
Haywood buys piece of Planet (November 17, 2003)
A bought-deal financing with Haywood Securities all but assures Planet Exploration (PXI-V) of $5 million in gross proceeds.The private placement, which requires exchange approval to proceed, entails 3…
Spot Prices Tuesday, Nov. 11, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$386.40+8.10Silver$5.06+0.13Platinum$760.00+18.00…
LME Warehouse Levels (November 17, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 10 (change from Nov. 3 in brackets):MetalStock(tonnes)ChangeAluminium1366750(-70…
Bogoso-Prestea shines for Golden Star (November 17, 2003)
At the Bogoso-Prestea open-pit mines in Ghana, Golden Star Resources (GSC-T) has bought back a gold-indexed royalty from South African-based Barnato Exploration.In doing so, Golden Star delivered 2.75…
Majors top up their tills
Vancouver — More consolidation in the gold sector could be in the offing, given that two of the world’s largest producers have gone to the market to top up their tills.South Africa’s Gold Fields (GFI…
Orezone cuts prospect at Essakan
Ongoing rapid-air-blast drilling by Orezone Resources (ORZ-T) has turned up a new gold prospect at the Essakan property in Burkina Faso, West Africa.The prospect, which overlies the Soka gold anomaly,…
Bendigo moves to plan B
Australian-based Bendigo Mining is seeking alternative financing arrangements for its New Bendigo project under the assumption that the 360 million options it granted to Harmony Gold (hmy-n) will not …
Lending Rates (November 17, 2003)
as of 4 pm ET, Nov. 11, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.18LIBOR US$ …
Northern Miner Indices (November 17, 2003)
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…