Claude in the black in Q1
Benefiting from higher gold prices and improved production, Claude Resources (CRJ-T) made a profit of $600,000 (or 1 per share) in the first quarter, compared with a year-earlier loss of $2 million.R…
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Daily Metal Prices (June 16, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJune 10June 9June 6June 5June 4Al Alloy1352/1365…
Suppliers Roundup (June 16, 2003)
Skanska wins $50m contractNorth Bay, Ont.-based Cementation Skanska has won a $50-million contract to build a shaft at Goldcorp’s Red Lake mine in northwestern Ontario.Construction of the 2,200-metre …
Gold Fields inks deal with Mvelaphanda
Gold Fields (GFI-N) has agreed to sell a 15% stake in its South African gold mining assets to Mvelaphanda Resources, a black economic empowerment group led by Mvela Resources, for R4.1 billion (US$514…
More work, less talk needed in BC
The commentary in the May 26-June 1 issue of The Northern Miner features a PricewaterhouseCoopers report. I quote the following parargraph:”‘Although 2002 has generally been a positive year for the Br…
Northern Miner Indices (June 16, 2003)
CompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM-N24.6%NorandaNRD-T4.8%P…
Spot Prices Wednesday June 11, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$354.15-11.15Silver$4.51-0.01Platinum$655.00-14.00…
Canadian Stock Exchange Indices (June 16, 2003)
DateJune 10June 9June 6June 5June 4HighLowTSX Composite7042.706972.427046.887034.87…
Drill turns at Alto Rico (June 16, 2003)
Vancouver — Tenke Mining (TNK-T) has launched a 1,300-metre drill program over the promising Alto Rico gold project in Argentina’s Patagonia region.The 7-hole program will test a 2-by-3-km coincident…
Niocan expands niobium portfolio
Montreal-based Niocan (NIO-T) has struck a deal to acquire a second niobium property in the James Bay Lowlands from three vendors.Under the deal, Niocan would issue 2 million shares and 600,000 share …
Nova Scotia meeting focuses on gold potential
Bolstered by a rising gold price and a flurry of recent property deals, Nova Scotia’s gold exploration potential was featured at the Mining Society of Nova Scotia’s 116th annual meeting June 5-6.”This…
Gold adds lustre to dull market
Vancouver — Canada’s junior exchange edged forward as investors picked up selective junior stocks over the week ended June 10. The S&P-TSX Venture Exchange composite index added 7.98 points, or 0.73%…