Semafo sees expansion at pits in Guinea
A reassessment of the pits at the Kiniero mine in northern Guinea has boosted mineral reserves for Montreal-based Semafo (SMF-T).Based on a gold price of US$308 per oz. and updated mill recovery and m…
News
St. Jude sniffs gold
Drilling by St. Jude Resources (SJD-T) has confirmed the presence of gold mineralization at the Goulagou property in Burkina Faso.The Vancouver-based junior sunk nine reverse-circulation holes to subs…
Impala, Mustang sign JV
South African-based Impala Platinum (IMPAF-O)has spent a required $3.8 million on exploration to earn a 38% stake in the River Valley palladium-platinum project of Mustang Minerals (YMU-V).Situated 80…
Barrick countersues Blanchard
Barrick Gold (ABX-T) has begun legal proceedings against New Orleans-based bullion dealer Blanchard & Co. in the Ontario Superior Court of Justice.Barrick is seeking $100 million in damages plus anoth…
Daily Metal Prices (March 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 11March 10March 7March 6March 5Al Alloy1455/1…
Bullion bearish on junior market
Vancouver — Canada’s junior exchange felt the impact of a falling bullion price during the report period that ended March 11, with investors electing to unload gold explorers. The S&P-TSX Venture Exc…
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…
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-…