Gold stocks soar with bullion
The precious metals enjoyed across-the-board gains during the Sept. 3-9 report period. Gold jumped US$12.25 to end at US$382.25 per oz. sending the Toronto Stock Exchange’s gold subindex soaring 8.1 p…
News
Annual Aussie talkfest starts with a bang
Kalgoorlie, Australia — While the August weather may have been chilly, the kick-off of the 11th annual Diggers & Dealers mining conference in Western Australia provided some heat for the record 1,200…
Grade still rocks at Meridian’s El Peon
Antofagasta, Chile — With just over three years of high-grade reserves left at El Peon, Meridian Gold (MNG-T) is eagerly searching for more of the material that has helped make the operation among t…
Yamana gains control of Brazilian gold mine
Vancouver — Spokane-based Yamana Gold (YRI-T) (formerly Yamana Resources) has assumed operatorship at its newly acquired Fazenda Brasileiro gold mine in northeastern Brazil.Last month Yamana paid Com…
Editorial Cartoon (September 15, 2003)
Bank on the future
Global Economic Prospects, the annual compilation of economic forecasts made by the World Bank, is out, and the economists have good news and bad news for the mineral industries.The good news is that …
Bema drills Kupol (September 15, 2003)
Vancouver — Impressive drill results continue to roll in from the Kupol gold property in Russia’s Far East region.So far, operator Bema Gold (BGO-T) has put down 130 holes comprising 17,052 metres of…
Tan Range’s Sinclair on gold
Commenting on one of his favourite topics, the gold market, Tan Range Exploration (TNX-T) Chairman James Sinclair has stated that, like any other investment sector, gold has its detractors but it rema…
Flow-through funds jump start juniors
Vancouver — Taking advantage of one of the last remaining officially sanctioned tax incentives in Canada, mineral exploration companies listed on the TSX Venture Exchange raised $41.1 million in flow…
LME Warehouse Levels (September 15, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 9 (change from Sept. 2 in brackets):MetalStock(tonnes)ChangeAluminium1344100(-3…
Northern Miner Indices (September 15, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Producer and Dealer Prices (September 15, 2003)
Antimony: Mid-mkt US$2,245/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.61/lb.Cobalt: Recent trades US$9.75-10.70/lb.Copper: Comex Dec. US$0.82/lb.Indium: Indium Corp., ingot, US$180/kg.Iridium…