Bambari drilling turns up gold at depth (July 21, 2003)
Recent drilling by Axmin (AXM-V) at the Bambari property in the Central African Republic has confirmed mineralizati…
News
Falco boosted by higher nickel prices, tax cut
Higher nickel prices and a one-time $12-million tax recovery owing to changes in federal resource taxes helped Falc…
Drill turns at Gibraltar
Vancouver — Taseko Mines has launched a 2,600 metre exploration drill program over its past producing Gibraltar co…
Gabriel scraps $28m bought-deal financing
Gabriel Resources (GBU-T) has scrapped plans for a bought-deal offering of 10 million shares priced at $2.80 apiece.The move follows reports that Romania’s prime minister dismissed a positive governme…
Bolivar Gold fast-tracks Choco 10
El Callao, Venezuela — Newly listed in January, Toronto-based Bolivar Gold (BGC-V) has lost no time acquiring a prime, undeveloped gold asset and putting it on the fast track to be a producing mine b…
Editorial Cartoon (July 21, 2003)
A mighty wind
News leaked out of the Premier’s Office in Ontario this month that the provincial government was considering moving out of the joint income tax arrangement, under which individual taxpayers in all pro…
PDAC seeks securities reform
The Prospectors & Developers Association of Canada will make presentations to the federal government’s “wise persons” committee and a provincial committee, both of which are examining ways to reform s…
The Northern Miner Indices (July 21, 2003)
North American Mining: 74.16 (+0.37)Small Producers: 71.78 (-1.34)(Sept. 30/98 = 100)…
Don Mario pours gold
Orvana Minerals (ORV-T) has poured the first dor bar at its Don Mario gold mine in Bolivia.The bar, which contains 415 oz. gold, was produced from stockpiled low-grade ore during tweaking of the oper…
Lending Rates (July 21, 2003)
as of 4 pm ET, July 15, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.1875U.S. Prime4.00LIBOR US$ 3-month1.11LIBOR US$ 6-month1.13LIBOR US$ 1-…
New crusher for NAP
Lower throughput rates continue to plague North American Palladium (PDL-T) at the Lac des les palladium mine near Thunder Bay, Ont.Production totalled 59,069 oz. in the three months ended June 30, co…