Seabee’s grades improve in third quarter
Claude Resources (CRJ-T) reduced its losses in the third quarter as grades continued to recover at its Seabee gold mine in Saskatchewan.The net loss amounted to $200,000 (or nil per share) on revenue …
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Daily Metal Prices (December 16, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4Al Alloy1314/1312…
Eldorado expands Kisladag
Vancouver — Eldorado Gold (ELD-T) has added about 600,000 ounces to the in situ resource estimate of the Kisladag project in western Turkey.The expansion is based on 10,700 metres of reverse-circulat…
LME Warehouse Levels (December 16, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 10 (change from Dec. 3 in brackets):MetalStock(tonnes)ChangeAluminium…
Gitennes drills Rio Blanco
Six holes drilled in the Rio Blanco copper zone in northern Peru have returned encouraging results for Gitennes Exploration (GIT-T).London-listed Monterric Metals, which can earn a 75% stake in the pr…
Canadian Stock Exchange Indices (December 16, 2002)
DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4HighLowTSX Composite6597.20…
WMC gains titanium asset
The biggest deal of the report period was WMC Resources’ US$87.5-million acquisition from South Africa’s Southern Mining of the world’s largest undeveloped titanium mineral-sands deposit: Corridor San…
Spot Prices Wed. December 11, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$323.75+3.05Silver$4.63+0.06Platinum$595.00+3.00P…
Exchange Rates (December 16, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 10Dec. 9Dec. 6Dec. 5Dec. 4US$ in C$…
The Northern Miner — North American Mining Index (December 16, 2002)
69.59 (-0.02)(Sept. 30/98 = 100)…
The Northern Miner — Small Producers Index (December 16, 2002)
78.27 (+8.24)(Sept. 30/98 = 100)…
Gold shines as Iraqi stalemate continues
Profit-takers outnumbered investors over the Dec. 4-11 report period, causing the Toronto Stock Exchange composite index to lose 43.41 points. The index finished the week at 6,597.20.Gold, buoyed by n…