Breakwater gets debt extension (December 23, 2002)
Zinc miner Breakwater Resources (BWR-T) has struck a deal with its banking syndicate and Dundee Bancorp to extend r…
2002
Eldorado tops up till
Vancouver – With 2003 looking like a good year to be developing gold projects, Eldorado Gold (ELD-T) has added $46…
Daily Metal Prices (December 23, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 17Dec. 16Dec. 13Dec. 12Dec. 11Al Alloy1360/134…
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…
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, …
Gold in luxury goods
AngloGold, South Africa’s largest gold producer, is urging the luxury goods sector not to discount gold in the fight for discretionary spending, which in the U.S. accounts for US$174 billion.Speaking …
Indian miners return to work
Thousands of miners in the northwestern Indian state of Rajasthan were allowed back to work after a court lifted a ban on mining operations there.The government had suspended operations in more than 6…
TSE crawls higher as gold breaks US$330 per oz.
The Toronto Stock Exchange composite index began the Dec. 11-17 report period on an upswing, peaked, then crashed as skittish investors counted their blessings and ran for the hills. Still, the index …
Laramide leases gold deposit (December 23, 2002)
In exchange for cash and future royalties, Laramide Resources (LAM-V) has leased its Cerro Colorado mining claims in Mexico to a private Australian mining company.Secotec paid US$50,000 in cash and ha…
Tiomin gets nod for Kenyan project
After years of study, the Kenyan government has approved a 16-year mining lease for Tiomin Resources’ (TIO-T) Kwale titanium-sands project, southwest of Mombasa.The lease, which can be renewed for a f…
Caldera finds little resistance
A ground electromagnetic survey by Caldera Resources (CDR-T) has outlined several conductive bodies at the Mt. Sarah property in South Australia.Roughly 6.8 km was surveyed along four lines to cover p…
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…