Corrections (October 06, 2003)
In our Sept. 29-Oct. 5 issue, we incorrectly reported that Wolfden Resources (WLF-T) had paid $6.5 million to Blackstone Ventures (BLV-V) to earn a 70% interest in two mining claims adjacent to Wolfde…
News
Feds to study diamond sector
Indian and Northern Affairs Canada (INAC), a department of the Ministry of Indian Affairs and Northern Development, is about to undertake what it hopes will be an authoritative study of Canada’s burge…
Producer and Dealer Prices (October 06, 2003)
Antimony: Mid-mkt US$2,250/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.80-12.00/lb.Copper: Comex Dec. US$0.8240/lb.Indium: Indium Corp., ingot, US$180/k…
Newmont eyes Ghana for growth
Vancouver — Denver-based Newmont Mining (NEM-N) expects production to rise by 5.5% this year, reaching 7.2-7.4 million oz. (Thereafter, from 2004 to 2006, yearly output will settle down to 7 million …
A commodity economy needs a commodity currency Swede reason
As the Canadian dollar continues to rise against its U.S. counterpart, the occasional bleats from the commentariat in favour of a monetary union with the United States are fewer and quieter. It seems …
Plexmar hikes to Peru (October 06, 2003)
Junior Plexmar Resources (PLE-V) has inked a deal to earn a full interest in the Marilia gold property in the Cajamarca department of northern Peru.The property, which covers 5 sq. km, is 15 km west o…
Spot Prices Tuesday, Sept. 30, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$384.50-0.75Silver$5.12-0.11Platinum$708.00+3.00P…
Canadian Stock Exchange Indices (October 06, 2003)
DateSept 29Sept 26Sept 25Sept 24Sept 23HighLowTSX Comp7445.60…
Exchange Rates (October 06, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept 29Sept 26Sept 25Sept 24Sept 23US$ in C$1.35461.3546…
The Northern Miner Indices (October 06, 2003)
North American Mining: 87.61 (-5.25)Small Producers: 80.13 (-9.87)(Sept. 30/98 = 100)…
Mindoro, Panoro team up in Philippines
Vancouver — With drills turning on the Lobo property and metallurgical tests planned for the nearby Archangel project in the Philippines, Mindoro Resources (MIO-V) has dealt a portion of its Surigao …
Royalty financing
Royalty financing provides companies with an additional potential source of funds for exploration, project development and other financing needs. The basic concept of royalty finance is that a company…