Pan Am buys royalty
Pan American Silver (PAA-T) has bought back a 3% net smelter return royalty on its Huaron silver mine in Peru from a group of Peruvian companies for US$2.5 million. The buy-back will increase Huaron’s…
News
Coeur d’Alene active in South America
Vancouver — The world’s largest primary silver producer, Coeur d’Alene Mines (CDE-N) lost US$17.9 million (or US10 per share) in the recent third quarter, compared with a loss of US$12.3 million (US…
DFI eyes $8.1m as production resumes
Having recently resumed mining on the Marshall Fork marine diamond deposit in Luderitz Bay, Namibia, Diamond Fields International (DFI-T) is arranging a non-brokered private placement worth $8.1 milli…
LME Warehouse Levels (November 03, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 27 (change from Oct. 20 in brackets):MetalStock(tonnes)ChangeAluminium1371775(+3…
Northern Miner Indices (November 03, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
South Atlantic eyes Swedish IOCG
A new copper-gold discovery has prompted South Atlantic Ventures (SAA-V) to increase the size of its exploration portfolio in Sweden’s Kiruna mining district.The Kiruna region is famous for the huge a…
Committee Bay seals deal with Gold Fields
Vancouver — With the results from a 1,477-metre drill program in hand, Gold Fields (GFI-N) has elected to proceed with a joint venture agreement at Committee Bay Resources’ (CBR-V) flagship gold prop…
Rising Canadian dollar affects Cambior
The combination of a stronger Canadian dollar and lower gold production hampered third-quarter earnings for Cambior (CBJ-T).The company’s profits slipped to US$700,000 (or nil per share) on revenue of…
J-Pacific renews exploration
Subject to regulatory approval, J-Pacific Gold (JPN-V) will privately raise $300,000 to renew exploration in British Columbia.The placement consists of 750,000 units, of which 550,000 will qualify for…
Editorial Cartoon (November 03, 2003)
The Benighted right
It took a long time, and the sacrifice of at least three party leaders, to bring about a merger between the Progressive Conservative and Canadian Alliance parties. Now that Stephen Harper and Peter Mc…
Bush flying in Manitoba
I first became acquainted with bush flying in the summer of 1952 when, as a third-year geology student, I was hired by Inco as a “geological assistant” for work in northern Manitoba.Actually, geology …