Golds show life signs
U.S. markets moved sideways over the reporting period Dec. 11-17, but the mining stocks, particularly the golds, ran up substantially. The Dow, which fell 38.87 points to 8,535.39, was down slightly, …
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Northern Miner Indices (December 23, 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…
Exchange Rates (December 23, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11US$ in C$1.55091.56251.56021.5…
Peer review not the problem
Although I have not delved into the subtleties of the applied statistics vs. geostatistics debate, I wish to offer an emphatic response to the final paragraphs of Mr. J. Merks’s letter, which appeared…
LionOre execs receive exploration awards
LionOre Australia’s chief geologist, Mark Bennett, has won the Prospector of the Year Award from the Australian branch of the Association of Mining & Exploration Companies (AMEC).The award recognizes …
Montana judge dismisses Canyon suit
A judge in Helena, Mont., has thrown out a lawsuit by Canyon Resources (CAU-X) that claimed a 1998 state ban on cyanide use in gold mines illegally blocked plans for an open-pit mine near Lincoln, 300…
Pan Am date extended
Before the merger with Pan American Silver (PAA-T) can close, Corner Bay Silver (BAY-T) has to secure a water source for a proposed heap-leach operation at the Alamo Dorado project in Sonora state, Me…
Perseverance on hold
With zinc prices foundering in the US33-to-36-per-lb. range, Noranda (NRD-T) has decided to postpone development of the Perseverance project, near Matagami, Que.Noranda’s president of zinc operation…
The Northern Miner — Small Producers Index (December 23, 2002)
83.97 (+5.70)(Sept. 30/98 = 100)…
MOST ACTIVE ISSUES, DEC. 11-17
ExchgVol(000s)HighLowCloseChangeKinross GoldT503273.742.873.25+0.37…
LME Warehouse Levels (December 23, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 17 (change from Dec. 10 in brackets):MetalStock(tonnes)ChangeAluminium1247075(-3…
McWatters sizes up East Amphi project (December 23, 2002)
Based on the results of a recent feasibility study of the East Amphi gold project, near Val d’Or, Que., McWatters Mining (MWA-T) has budgeted $1 million for exploration in 2003.The deposit will be dri…