South Atlantic updates reserves at Storliden
Vancouver Lundin-led South Atlantic Venture’s (SAA-V) 38% owned, subsidiary, North Atlantic Natural Resources has…
News
Metallica tops up treasury (March 17, 2003)
Metallica Resources (MR-T) has closed a $15-million private placement to help fund its purchase of the half-stake in the Cerro San Pedro gold deposit that it does not already own.The company agreed to…
Week-long dive on US markets
Things started badly on U.S. stock markets in the trading period March 5-11, and got steadily worse. The Dow Jones Industrial Average fell 180.81 points to 7,524.06, a loss of 2.3%, while the Standard…
Canadian Stock Exchange Indices (March 17, 2003)
DateMarch 11March 10March 7March 6March 5HighLowTSX Com…
Exchange Rates (March 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 11March 10March 7March 6March 5US$ in C$…
Producer and Dealer Prices (March 17, 2003)
Antimony: Mid-mkt US$2,480/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$8.00-9.20/lb.Copper: Comex May US$0.7655/lb.Indium: Indium Corp., ingot, US$110/kg.
LME Warehouse Levels (March 17, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 11 (change from March 4 in brackets):MetalStock(tonnes)ChangeAluminium1251950(+…
SouthernEra converts resources at Messina (March 17, 2003)
SouthernEra Resources (SUF-T) has tabled an updated reserve estimate for the Voorspoed section of its 70.9%-owned Messina platinum mine in South Africa. Probable reserves now stand at 24.5 million ton…
Corriente looks at smaller model (March 17, 2003)
Vancouver — An independent study gives the Mirador copper-gold deposit in southeastern Ecuador a pretax net present value of US$153 million, using a 20,000-tonne-per-day base case and a copper price …
IMA reports grassroots silver find
A high-grade silver discovery in the Patagonia region of southern Argentina has IMA Exploration (IMR-V) making geological analogies between it and the Eskay Creek gold mine in northern British Columbi…
Energy production = autonomy
The impact of mining operations on communities is usually extremely positive. When the mines are operating, they are a flurry of activity, and good-paying jobs are plentiful. But when metal prices sta…
Upbeat convention may not disappoint Recovery rates
The empties cleared away, the maps rolled back up, and the carpets steamed; so endeth the latest convention of the Prospectors & Developers Association of Canada.It’s been usual, over the past few yea…