LME Warehouse Levels (November 24, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 17 (change from Nov. 10 in brackets):MetalStock(tonnes)ChangeAluminium1384225(+1…
News
Shahuindo suit heads to Lima (November 24, 2003)
Ruling that a lower court judge is legally incompetent, the Supreme Court of Peru has voided a previous decision favouring the plaintiff in a legal battle over the Shahuindo gold property.The Supreme …
Partners advance Tulawaka gold project
Tanzania’s Ministry of Energy and Mineral Resources has granted partners Barrick Gold (ABX-T) and Northern Mining Explorations (MDN-T) a special mining licence for the commercial development of the Ea…
Eastmain shares soar on GoldCorp alliance (November 24, 2003)
Eastmain Resources (ER-T) has partnered with mid-tier producer Goldcorp (G-T) to acquire, explore and develop gold deposits in Quebec.Goldcorp recently subscribed to a private placement of 2 million E…
African Eagle gets pleasant surprise at Sasare
Trench sampling by African Eagle Resources (AFE-L) at its Sasare property in eastern Zambia has exposed a long zone of copper showings.Three trenches on a group of showings called Eagle Eye exposed a …
Odyssey funds Turkish projects (November 24, 2003)
Following in the footsteps of its peers, Odyssey Resources (ODX-V) is attempting to raise $2 million via a private placement.Pacific International Securities shall try to place 6.7 million units of th…
North Atlantic drills in western Mali
North Atlantic Nickel (NAC-T) is drill-testing the limits of three gold prospects at the Kantela gold project in western Mali.The program will entail 4,340 metres in 60 reverse-circulation holes. None…
Deal at Thunder Creek
Lake Shore Gold (LSG-V) has inked an option deal on Band-Ore Resources’ (BAN-T) 54-claim Thunder Creek property, near Timmins, Ont.Lake Shore can take a 60% interest in the property by paying $370,000…
Northern Miner Indices (November 24, 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…
Gold outshines the TSX
The Toronto Stock Exchange’s gold index mirrored the yellow metal’s performance during the Nov. 12-18 report period, ending with a surge to sit 9.01 points higher at a new year-high mark of 226.70.Gol…
Golds rebound on mixed week
The major bourses south of the border picked up where they left off. The Dow Jones Industrial Average ended the Nov. 12-18 period off 224.67 points at 9624.16, while the Standard & Poor’s 500 index dr…
Bullion drives junior exchange
Vancouver — Canada’s junior exchange moved higher as bullion flirted with the US$400-per-oz. mark over the week ended Nov. 18. The S&P-TSX Venture Exchange composite index tacked on 31.90 points, or …