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$514…
News
More work, less talk needed in BC
The commentary in the May 26-June 1 issue of The Northern Miner features a PricewaterhouseCoopers report. I quote the following parargraph:”‘Although 2002 has generally been a positive year for the Br…
Northern Miner Indices (June 16, 2003)
CompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM-N24.6%NorandaNRD-T4.8%P…
Spot Prices Wednesday June 11, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/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%…
Lumina banks on higher copper prices
Vancouver — A few years back, when the price of bullion was touching US$260 per oz., several junior explorers began acquiring gold projects in the belief that prices would soon improve. They did, and…
Luismin powers Wheaton to record Q1
Benefiting from higher gold prices, Wheaton River Minerals (WRM-T) saw its first-quarter earnings soar to US$4.1 million.The earnings totalled 2 per share, compared a year-earlier profit of just US$2…
Platinum demand outstrips supply
Demand for platinum grew 5% to 6.5 million oz. in 2002, driven by strong sales to the Chinese jewelry market and greater use in autocatalysts, according to Platinum 2003, a report by London-based John…