LME Warehouse Levels (May 19, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 13 (change from May 6 in brackets):MetalStock(tonnes)ChangeAluminium1170200(-2662…
News
Gold prices help quarter at Buenaventura (May 19, 2003)
Higher production and an improved gold price buoyed up the top line for Compania de Minas Buenaventura (BVN-N) in the first three months of 2003.The Peruvian gold and silver miner posted net earnings …
Strike ends at Horne
After nearly a year, strikers have returned to work at Noranda’s (NRD-T) Horne copper smelter in Rouyn-Noranda, Que.Almost 54% of the 550 unionized production and maintenance workers voted in favour o…
Poster shows Whitehorse geology
Natural Resources Canada and the Yukon government have produced a poster showing the geology and geological history of the Whitehorse Valley.The poster, titled Geoscape Whitehorse — Geoscience for a …
People (May 19, 2003)
America Mineral Fields — Gregg Sedun resigned from board of directors and as secretary.Amerigo — Klaus Zeitler appointed president; Seven Dean appointed chairman; Roger Moss appointed VP exploration…
Rising rand hits Gold Fields
Vancouver — Despite a US$19-million gain in equity investment sales, South Africa’s second-largest gold producer earned 6% less in the recent first quarter than in the corresponding period of 2002.Go…
Claude aims drills at Porky (May 19, 2003)
Followup drilling by Claude Resources (CRJ-T) on the Currie Rose property, 2 km north of its Seabee mine in northern Saskatchewan, has confirmed the continuity of the West Porky gold zone and also unc…
Northern Miner Indices (May 19, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Resource sector buoys junior exchange
Vancouver — The resource sector helped Canada’s junior exchange maintain its rally over the week ended May 13. The S&P-TSX Venture Exchange composite index tacked on 12.66 points, or 1.2% of its valu…
Fronteer-Red Lake cut low grades
Vancouver — A 4-hole drill program by partners Fronteer Development Group (FRG-V) and Red Lake Resources (RL-V) has returned low-grade gold mineralization from the Swain-Sol d’Or property in the Red …
Trading Summary (May 16, 2003)
Toronto’s gold stocks dropped 3.49 points or about 2% to 158.74 on Friday even as the yellow metal added US$2.10 to…
AngloGold eyes top spot
Looking to regain top spot among global gold producers, South Africa’s AngloGold says it is in early-stage talks ai…