Higher gold boosts Grasberg
Vancouver — Freeport-McMoRan Copper & Gold (FCX-N), operator of the world’s largest copper-gold mine, earned an impressive US$49.2 million (or US33 per share) in the first quarter.The gain, which wa…
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The Northern Miner Indices (April 28, 2003)
North American Mining: 67.85 (+2.20)Small Producers: 63.20 (+4.69)(Sept. 30/98 = 100)…
Partners size up Discovery zone (April 28, 2003)
Joint-venture partners International Taurus Resources (ITS-V) and Fairstar Explorations (FFR-T) have taken delivery of SRK Consulting’s resource estimate for the Discovery zone on their Fenelon proper…
People (April 28, 2003)
America Mineral Fields — Former director Stephen Malouf resigned.Amerigo — Steven Dean and Klaus Zeitler appointed to board of directors; Jeffrey Giesbrecht appointed secretary; Irene Wilson resigne…
McWatters connects dots at Kiena
The final batch of results from winter drilling has brought McWatters Mining (MWA-T) a step closer to resuming production at the suspended Kiena gold mine, near Val d’Or, Que.McWatters, which depleted…
Flooding sidelines McArthur River
Cameco (CCO-T) says the water-inflow problems at its McArthur River uranium mine in Saskatchewan will force production to shut down for 4-6 months while repairs are made.Situated 620 km north of Saska…
Gahcho Kue study falls short
The Gahcho Kue diamond project in the Northwest Territories is remaining on the back burner after an updated desktop study by De Beers failed to meet a critical 15% internal rate of return required to…
Editorial Cartoon (April 28, 2003)
Diversification boosts Teck Cominco (April 28, 2003)
Vancouver — An improved operating performance at the Trail smelter in British Columbia, combined with an 18% jump in the price of bullion, propelled the world’s largest zinc producer to a profit in t…
Base Metals: Look for opportunities
The following is the second of four instalments of The Commodity Refiner, published by London, U.K.-based Barclays Capital Research. This week we offer an overview of the base metals sector. Next week…
Tournigan explores in Northern Ireland and El Salvador
Vancouver — Tournigan Gold (TVC-V) has raised $1.25 million in a brokered, short-form financing, with proceeds earmarked for projects in Northern Ireland and El Salvador.The company placed 5 million …
Lending Rates (April 28, 2003)
as of 4 pm ET, Apr. 22, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.32LIBOR US$ 6-month1.32LIBOR US$ 1-year1.42Gold …