Exchange Rates (August 18, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 12Aug. 11Aug. 8Aug. 7Aug. 6US$ in C$1.38521.38351.39351.3932…
News
Sur eyes gold in Phillipines
Hoping to outline a bulk-minable gold deposit, Sur American Gold (SUR-V) is sampling a large epithermal system in the Eastern Mindanao mineral belt of the Philippines.Batoto sits at the southern end o…
Junior exchange moves up with bullion
Vancouver — Canada’s junior exchange ended the trading week Aug. 6-12 on an up-note as the price of bullion moved higher. The S&P-TSX Venture Exchange composite index gained 12.13 points, or 1% of va…
LME Warehouse Levels (August 18, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 12 (change from Aug. 5 in brackets):MetalStock(tonnes)ChangeAluminium1319175(+12…
Canico expands Ona-Puma project
Canico Resource (CNI-T) has dramatically boosted the inferred resource estimate for its Ona and Puma nickel laterite deposits in Brazil’s Para state.Based on a cutoff grade of 1.5% nickel over a mini…
Lupin down for the count
A particularly bad quarter for Kinross Gold’s Lupin gold mine in remote western Nunavut, 400 km northeast of Yellowknife, is pushing the mine closer to closure.The company acquired a 100% stake in Lup…
Rio Narcea gets green light for Aguablanca (August 18, 2003)
The Spanish government has granted a mineral licence to Rio Narcea Gold Mines (RNG-T) to exploit the Aguablanca nickel sulphide deposit, northwest of Seville.The decision follows Rio’s submission of a…
Agnico-Eagle buys Bousquet assets (August 18, 2003)
Agnico-Eagle Mines (AGE-T) is buying a 100% interest in Barrick Gold’s (ABX-T) Bousquet gold property, situated immediately west and south of the former’s LaRonde gold mine in northwestern Quebec.Incl…
Trading Summary (August 15, 2003)
Canada’s junior exchange ended the week modestly higher on very light volume.The S&P-TSX Venture Exchange composite…
SKN eyes more ground near Boka (August 15, 2003)
Vancouver SKN Resources (SRL-V) has added 24.6 km of ground to its already impressive land holdings around Southw…
Power outage puts Porcupine on hold
Vancouver A widespread power outage has forced partners Placer Dome (PDG-T) and Kinross Gold (K-T) to stop prod…
LionOre posts record profit (August 15, 2003)
Vancouver — The second quarter of 2003 proved to be a stellar one for LionOre Mining International (LIM-T). Th…