Exchange Rates (November 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 18Nov. 17Nov. 14Nov. 13Nov. 12US$ in C$1.30241.31371.30381.2…
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Producer and Dealer Prices (November 24, 2003)
Antimony: Mid-mkt US$2,050/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$13.70-15.50/lb.Copper: Comex Dec. US$0.932/lb.Indium: Indium Corp., ingot, US$265/kg.Iridi…
Canadian Stock Exchange Indices (November 24, 2003)
DateNov. 18Nov. 17Nov. 14Nov. 13Nov. 12HighLowTSX Composite7737.39…
Miramar takes option on George Lake, Goose Lake (November 24, 2003)
In a deal with major Kinross Gold (K-T), junior producer Miramar Mining (MAE-T) has taken up an option to earn a 60% interest in the George Lake and Goose Lake gold properties in Nunavut.The basic ear…
Noranda’s CFO retires
Noranda’s (NRD-T) chief financial officer, Lars-Eric Johansson, has retired after 14 years of service.Johansson will remain with the company to help with the financing of Falconbridge’s (FL-T) Koniamb…
AMF inks Kolwezi deal
America Mineral Fields (AMZ-T) is another step closer to developing the Kolwezi cobalt-copper tailings project in the Democratic Republic of Congo.After 10 months of negotiations, the company has agre…
Court upholds Troilus award
The British Columbia Court of Appeal has dismissed an appeal by Homestake Canada, a subsidiary of Barrick Gold (ABX-T), against the January 2001 judgment of the province’s Supreme Court awarding $88 m…
Claude buoyed by higher gold sales
Increased gold and sales and a higher gold price helped Claude Resources (CRJ-T) achieve net earnings of $1 million during the three months ended Sept. 30.The profits translate into 2 per share, and …
Southern Rio drills 3Ts showings
Vancouver — Southern Rio Resources (SNZ-V) has begun drilling at its 3Ts epithermal gold-silver project, 125 km southwest of Vanderhoof, B.C.The program is targeting the Ted vein, where previous dril…
Partners fizzle at Headway property
A second phase of drilling at the Headway property in the Red Lake camp of Ontario has returned mixed results for King’s Bay Gold (KBG-V) and Solitaire Minerals (SLT-V).The highest reported result was…
Daily Metal Prices (November 24, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 18Nov. 17Nov. 14Nov. 13Nov. 12Al Alloy1382/140…
Glamis gives nod to Marlin
The board of directors of Glamis Gold (GLG-T) has authorized the final design and construction phase at the Marlin gold-silver project in Guatemala.Under a revised feasibility study, Marlin is expecte…