Northern Miner Indices (November 25, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
News
Hot holes for Canadian Royalties
Vancouver — Shares in Canadian Royalties (CZZ-V) have risen dramatically to a new 52-week high of $3.08 from under $1 only a few weeks ago. Wasting no time capitalizing on the increase, the company i…
NAME CHANGES (November 25, 2002)
Seine River (SRO-V) has changed its name to Trinity Plumas Capital (TPC-V) on a 1-new-for-20-old-share basis.Intertech Minerals (IML-V) has changed its name to Mantle Minerals…
North American Palladium overcomes mill problems
Despite an operational setback, North American Palladium (PDL-T) earned $2.9 million in the third quarter as revenue soared beyond $42.7 million.In early September, North American was forced to shut d…
Canadian Stock Exchange Indices (November 25, 2002)
DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13HighLowTSX Composite6423.656484.986547.426370.91…
Canico cuts new zone
Vancouver — An ongoing 11,000-metre drill program has uncovered a new zone of nickel laterite mineralization at the Ona-Puma project in northern Brazil.Canico Resource (CNI-V) intersected the zone i…
Daily Metal Prices (November 25, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13Al Alloy1305/130…
Etruscan, Mountain Lake celebrate mining foray
Ventersdorp, South Africa — What it lacks in size, this country’s newest alluvial diamond mine makes up for in quality and potential.Operator Etruscan Resources (EET-T) and minority partner Mountain …
NovaGold earns 70% interest in Donlin
Vancouver — Just 15 months after signing the option agreement, NovaGold Resources (NRI-T) has spent the required US$10 million on exploration to earn a 70% interest in Alaska’s Donlin Creek gold depo…
Emerald interest heats up
Vancouver — In the autumn of 1998, field geologist Bill Wengzynowski sparked a flurry of exploration activity by discovering an occurrence of emeralds on Expatriate Resources’ (EXR-V) Goal Net base m…
Merger trio almost in black
Two of the three mid-tier gold producers planning a friendly merger made money in the third quarter of 2002, but the biggest, Kinross Gold (K-T), is still in the red.Echo Bay Mines (ECO-T) made US$3.7…
Producer and Dealer Prices (November 25, 2002)
Antimony: Mid-mkt US$2,800/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.50-7.10/lb.Copper: Comex Dec US$0.727/lb.