Daily Metal Prices (August 25, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14Aug. 13Al Alloy1380/138…
News
LionOre posts record profit (August 25, 2003)
Vancouver — The second quarter of 2003 was a stellar one for LionOre Mining International (LIM-T), as the nickel-gold miner exceeded its production targets.LionOre earned US$11.1 million (or 7 per s…
Junior exchange buoyed by bullion
Vancouver — Canada’s junior exchange followed gold’s lead over the week ended Aug. 19. The S&P-TSX Venture Exchange composite index gained 24.78 points, or 2% of value, and closed at 1,249.73.Bishop …
Jilbey to raise $1.2m for gold projects
Vancouver — Jilbey Gold Exploration (JLB-V) has entered into an agency agreement with First Associates Investments to raise $1.2 million for its Taranga and Nongo Fayere gold exploration permits in B…
SpectrumGold picks up Galore Creek
Vancouver — SpectrumGold has inked a deal with mining giants Rio Tinto (RTP-N) and Anglo American (AAUK-Q) to buy the Galore Creek gold-silver-copper deposit in northwestern British Columbia.
Gravity survey confirms target at Navidad (August 25, 2003)
Vancouver — The results of gravity and magnetic ground geophysical surveys have enhanced the potential for finding significant sulphide mineralization on the Navidad polymetallic project in Argentina…
Alrosa uncovers giant diamond
Sakha Republic government-owned Alrosa has extracted a giant, flawless 301.55-carat diamond — the third-largest gem-quality diamond ever unearthed in Russia.The 46-by-32-by-26-mm lemon-yellow stone w…
Black Hawk narrows losses
With fewer tonnes milled, Black Hawk Mining (BHK-T) lost US$358,000 during the 3-month stretch ended June 30.The loss translates into nil per share, and compares with a year-earlier net loss of US$409…
Northern Miner Indices (August 25, 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…
The Northern Miner Indices (August 25, 2003)
North American Mining: 87.59 (+4.16)Small Producers: 88.78 (+2.42)(Sept. 30/98 = 100)…
Yamana expands in Brazil
Spokane-based Yamana Resources (YRI-T) has paid US$20.9 million for the Fazenda Brasileiro gold mine in northeastern Brazil. The vendor is Companhia Vale do Rio Doce (RIO-N).The funds were made possib…
Mag cuts narrow vein at depth (August 25, 2003)
Vancouver — Initial results from an ongoing, 3,500-metre drill program indicate narrow intervals of high-grade silver-gold values between 400 and 500 metres below surface on the Juanicipio claims in …