Exchange Rates (September 22, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 16Sept. 15Sept. 12Sept. 11Sept. 10US$ in C$1.36901.36591.3630…
News
American Bonanza revs up Gold Bar rig (September 22, 2003)
Targeting Carlin-type gold deposits, junior American Bonanza Gold Mining (BZA-V) will shortly resume drilling at the Gold Bar property in Nevada’s Battle Mountain trend.The core program will immediate…
Jacobina restart economic: study
A feasibility study on the Jacobina gold mine in Brazil indicates it would be economic for operator Desert Sun Mining (DSM-T) to put the deposit back into production.The study by SNC Lavalin indicated…
Diamond smuggling crackdown in Sierra Leone
Authorities in Sierra Leone have launched a series of raids on illegal diamond offices operating in the eastern part of the gem-rich West African country.In mid-September police and officials from the…
When negligence costs
Every month, hundreds of claims come to this desk. Some of them are phonies. And I know which ones. How do I know? Because my little man tells me . . . the little man in here [points to abdomen]. Ever…
Placer eyes Newfoundland
A recently inked deal between Rubicon Minerals (RMX-V) and Placer Dome (PDG-T) allows the major to earn up to a 70% interest in the former’s Golden Promise gold project in north-central Newfoundland.T…
Trendy trinkets and exotic accessories
Take a peek into a jewelry store, and diamonds, emeralds, rubies and sapphires are pretty much all you’re likely to see. These are the gemstones most widely considered to be “precious,” and those that…
Northern Miner Indices (September 22, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Daily Metal Prices (September 22, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 16Sept. 15Sept. 12Sept. 11Sept. 10Al Alloy138…
Producer and Dealer Prices (September 22, 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$0.816/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
US gold producers hit
A sharp drop in gold prices dragged most southern producers to lower levels during the report period ended Sept. 16.Newmont Mining, the world’s largest producer of the yellow metal, lost US0.74, or 1…
Pechiney says oui to sweetened deal
French aluminum producer Pechiney has accepted a new sweetened takeover offer from Alcan (AL-T).The new cash-and-share offer is worth 47.50 euros per share and includes a bonus of 1 euro per share, pr…