Exchange Rates (January 05, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 29Dec. 26Dec. 25Dec. 24Dec. 23US$ in C$1.3104HolidayHoliday1…
News
Verena dusts off Bonfim (January 05, 2004)
With $1.8 million in hand from a private placement, Verena Minerals (VML-V) is preparing to dewater and refurbish underground workings at the Bonfim gold-tungsten-bismuth project, 120 km west of Natal…
LME Warehouse Levels (January 05, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 24 (change from Dec. 19 in brackets):MetalStock(tonnes)ChangeAluminium1419175(-1…
Northern Miner Indices (January 05, 2004)
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…
Queenstake sells Magistral to Nevada Pacific
Junior Nevada Pacific Gold (NPG-V) intends to make the jump to producer after striking a deal to acquire Queenstake Resources’ (QRL-T) Magistral gold mine in the northern Mexican state of Sinaloa.Quee…
Seeking specialization
Economic diversification makes rural communities less vulnerable to economic variability, according to the latest edition of Rural and Small Town Canada Analysis Bulletin.The authors, Marjorie Page an…
Branding and the diamond industry
I’m sure it has happened to practically everyone: you’re at an airport, yet another flight, and no book to read . . . panic. The terminal did not have a particularly good bookshop and, as time ran out…
Gympie’s Southland colliery evacuated (January 05, 2004)
Abnormally high methane concentrations at the Southland colliery in New South Wales, Australia, have forced operator Gympie Gold (GGD-L) to evacuate the mine.A mined-out area near an actively producin…
Osisko makes for Brazil (January 05, 2004)
Brazilian explorer and developer Amazonia Mineracao will allow Montreal-based Osisko Exploration (OSK-V) to acquire up to a 75% interest in the Barro Alto gold property in Goias state.The property wil…
Producer and Dealer Prices (January 05, 2004)
Antimony: Mid-mkt US$2,135/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$17.90-21.50/lb.Copper: Comex Mar. US$1.0435/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
Majestic disappointed in Slovakia
Vancouver — Results from Majestic Gold’s (MJS-V) recently completed 4-hole drilling program at the Ceske Brezovo prospect in Slovakia failed to return any significant gold mineralization.Majestic was…
Orezone tests Bondi project
The first seven infill holes drilled on the Bondi gold property in Burkina Faso have returned encouraging results for Orezone Resources (ORZ-T).The reverse-circulation (RC) program focused on the Main…