Ashton, Soquem launch fall exploration campaign
As joint-venture partners Ashton Mining of Canada (ACA-T) and Soquem mull over the best way to further evaluate the Renard kimberlitic cluster in the Otish Mountains region of northern Quebec, a fall …
News
Spot Prices Wednesday, September 3, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$372.20+7.90Silver$4.98-0.02Platinum$712.00+16.00…
Linear sets sights on Xstrata properties
Venturing from its stronghold in eastern Canada, Linear Resources (LRR-V) has inked a letter of intent to acquire various properties in Latin America from London-listed Xstrata.The properties are in t…
WMC pairs up with China’s Jinchuan
Australia’s WMC Resources (WMC-N), the world’s third-largest nickel producer, has signed a US$650-million nickel-supply contract with China’s leading nickel producer, the Jinchuan Group.Under the deal…
LME Warehouse Levels (September 08, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 2 (change from Aug. 26 in brackets):MetalStock(tonnes)ChangeAluminium1348000(+1…
Exchange Rates (September 08, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27US$ in C$1.3877Holiday1.38511.
Lending Rates (September 08, 2003)
as of 4 pm ET, Sept. 2, 2003(%)Bank of Canada target rate3.00Bank of Canada overnight rate2.99Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.04U.S. Prime4.00LIBOR US$ 3-…
Producer and Dealer Prices (September 08, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.50-11.25/lb.Copper: Comex Dec. US$0.832/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Junior Exchange continues summer rally
Vancouver — Canada’s junior exchange continued its summer rally over the week ended Sept. 2. The S&P-TSX Venture Exchange composite index jumped 42.76 points, or 3.35%, and closed at 1,318.37.Verena …
Imperial drills Joss’alun project
Vancouver — Copper Ridge Explorations (KRX-V) reports that Imperial Metals (III-T) has commenced a 1,200-metre drill program on the company’s Joss’alun property in the Atlin area of British Columbia….
Holmer Gold, Acadian to merge
Juniors Holmer Gold Mines (HGM-V) and Acadian Gold (ADA-V) (formerly Tempus Corp.) are merging.Under the proposed deal, shares of Acadian and Holmer would be turned in for shares in the combined entit…