Northern Miner Indices (March 17, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
News
Broad market slumps as gold see-saws
The Toronto Stock Exchange composite index surrendered another 99.2 points over the March 5-11 report period to finish the week at 6,290.7.Gold yo-yoed itself US$5.25 per oz. lower to a London afterno…
Nevsun tables Segala resource estimate (March 17, 2003)
Diamond and reverse-circulation drilling have resulted in a new measured and indicated resource estimate for the Segala deposit, held by Nevsun Resources (NSU-T) in western Mali.The total figure, prep…
Ontario releases publication
The Ontario government has published Mineral Sector Profile, which is part of an overall effort attract mineral investment.The government hopes the publication will encourage the production of geologi…
MOST ACTIVE ISSUES, MARCH 5-11
ExchgVol(000s)HighLowCloseChangeNorthern OrionT236950.240.170.21+0.04…
Lending Rates (March 17, 2003)
as of 4 pm ET, Mar. 11, 2003(%)Bank of Canada3.25Canadian Prime4.75U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.23LIBOR US$ 6-month1.18LIBOR US$ 1-year1.21Gold lease 3-…
Odyssey sizes up Altintepe in Turkey
Vancouver — The inferred mineral resource for the 2G zone on the Altintepe project in northeastern Turkey is estimated to be 3.2 million tonnes grading 1.52 grams gold per tonne.Operator Odyssey Reso…
Pan Am Silver posts Q4 loss
Vancouver — A US$12.1-million charge against the operations of the Quiruvilca mine in Peru caused Pan American Silver (PAA-T) to spill red ink in the fourth quarter of 2002.The hit followed a US$15.1…
Diamond Fields recovers more carats (March 17, 2003)
Diamond Fields International (DFI-T) has recovered an additional 4,800 carats of diamonds from the Marshall Fork deposit on the Luderitz diamond concession, off the shore of Namibia.Since resuming min…
Upbeat convention may not disappoint Recovery rates
The empties cleared away, the maps rolled back up, and the carpets steamed; so endeth the latest convention of the Prospectors & Developers Association of Canada.It’s been usual, over the past few yea…
Energy production = autonomy
The impact of mining operations on communities is usually extremely positive. When the mines are operating, they are a flurry of activity, and good-paying jobs are plentiful. But when metal prices sta…
IMA reports grassroots silver find
A high-grade silver discovery in the Patagonia region of southern Argentina has IMA Exploration (IMR-V) making geological analogies between it and the Eskay Creek gold mine in northern British Columbi…