Jilbey to raise $1.2m for gold projects
Vancouver — Jilbey Gold Exploration (JLB-V) has entered into an agency agreement with First Associates Investments to raise $1.2 million for its Taranga and Nongo Fayere gold exploration permits in B…
News
Black Hawk narrows losses
With fewer tonnes milled, Black Hawk Mining (BHK-T) lost US$358,000 during the 3-month stretch ended June 30.The loss translates into nil per share, and compares with a year-earlier net loss of US$409…
Northern Miner Indices (August 25, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
The Northern Miner Indices (August 25, 2003)
North American Mining: 87.59 (+4.16)Small Producers: 88.78 (+2.42)(Sept. 30/98 = 100)…
Lending Rates (August 25, 2003)
as of 4 pm ET, Aug. 19, 2003(%)Bank of Canada3.00Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate0.93U.S. Prime4.00LIBOR US$ 3-month1.13LIBOR US$ 6-month1.18LIBOR US$ 1-ye…
Producer and Dealer Prices (August 25, 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$9.80-11.25/lb.Copper: Comex Sept. US$0.8025/lb.Indium: Indium Corp., ingot, US$180/kg.Irid…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Scenes from a dark place
Readers in more civilized parts of the world are thanked for their concern. Southern Ontario has not descended into chaos. Mind you, you could be forgiven for thinking it might have, especially in vie…
LionOre posts record profit (August 25, 2003)
Vancouver — The second quarter of 2003 was a stellar one for LionOre Mining International (LIM-T), as the nickel-gold miner exceeded its production targets.LionOre earned US$11.1 million (or 7 per s…
SKN eyes more ground near Boka (August 25, 2003)
Vancouver — SKN Resources (SRL-V) has added 24.6 km to its already-impressive land holdings around Southwestern Resources’ (SWG-T) Boka gold project in China’s Yunnan province.Dubbed Tuobuka, the new…
Diavik awarded for efficiency
The Canadian governmnet has given an award to the Diavik diamond mine in the Northwest Territories for its efficient use of energy.The energy savings resulted chiefly from a computerized employee trai…
Falco up and running after blackout
Falconbridge (FL-T) says its Ontario-based mining operations were up and running on Aug. 18, following North America’s largest-ever power outage, which began in the late afternoon of Aug. 14.The Sudbu…