Canadian Stock Exchange Indices (August 25, 2003)
DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13HighLowTSX Composite7474.917411.33n/a7393.76…
News
Junior exchange buoyed by bullion
Vancouver — Canada’s junior exchange followed gold’s lead over the week ended Aug. 19. The S&P-TSX Venture Exchange composite index gained 24.78 points, or 2% of value, and closed at 1,249.73.Bishop …
Alrosa uncovers giant diamond
Sakha Republic government-owned Alrosa has extracted a giant, flawless 301.55-carat diamond — the third-largest gem-quality diamond ever unearthed in Russia.The 46-by-32-by-26-mm lemon-yellow stone w…
PGM use in North America
Three factors — a substantial increase in the production of light vehicles, the impending introduction of tighter emissions standards, and the replacement of some palladium-based catalysts with plati…
Exchange Rates (August 25, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13US$ in C$1.40091.39091.38721.3…
Suppliers Roundup (August 25, 2003)
Knelson to build screensLangley, B.C.-based Knelson Gravity Solutions will begin building screens for filtering coarse ore from fine ore, under the brand name Knelson-Sizetec. The deal is part of a ma…
Number nailed on Segala
Preliminary reserve estimates at the Segala gold deposit in western Mali put the size of the deposit at 383,000 oz.Estimates by Snowden Mining Industry Consultants, who were engaged by owner Nevsun Re…
SouthernEra posts Q2 profit
Foreign exchange gains enabled SouthernEra Resources (SUF-T) to record net earnings of US$1.59 million for the three months ended June 30.The US2-per-share profit came on revenue of US$564,000 and co…
Afri-Can tops up till (August 25, 2003)
Junior Afri-Can Minerals (AFA-V) intends to raise $2.5 million to renew its search for marine diamonds off the coast of Namibia.The company owns several concessions, though its focus has been on Block…
Daily Metal Prices (August 25, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13Al Alloy1380/138…
Metallurgical tests positive at Casposo
Metallurgical tests on drill core from the Casposo gold-silver deposit in Argentina suggest the mineralization may be easy to mill and leach.Project operator Intrepid Minerals (IAU-V) engaged the Inst…
Trading Summary (August 22, 2003)
Trading SummaryMarkets were generally weaker on Friday, closing off a one-week market rally. The TSX Composite…