Odyssey renews Altintepe drilling (August 05, 2003)
Junior Odyssey Resources (ODX-V) has renewed drilling at the Altintepe gold project in north-central Turkey.Dri…
2003
Pele lures De Beers to Wawa (August 05, 2003)
Toronto-based Pele Mountain Resources (GEM-V) has attracted De Beers’ Canadian exploration arm into an option agree…
Producers jump with Metal Prices
Higher metal prices and a slew of earnings results pushed resources stocks generally higher over the July 23-29 report period. The gold and precious metals group finished the week 4.79 points ahead, a…
Exchange Rates (August 04, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 29July 28July 25July 24July 23US$ in C$1.38551.38191.38121.3…
Rule by lawyers replaces the rule of law Vegas slick
In Ontario, when taking a budget or supply vote to the legislature is just too much trouble for the politicians, they simply have the Lieutenant-Governor sign off on an order-in-council. In the Silver…
Boliden shutters plant
Boliden’s closure of a brass plant in West Bromwich, England, has resulted in the loss of 140 jobs.The Swedish miner closed the plant in order to consolidate production at its site in Aldridge, north …
Metals Commentary: Demand for refined nickel grows in China
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current nickel and zinc markets.)There are reasons to argue that nickel p…
Globex options out Russian Kid
Globex Mining Enterprises (GMX-T) has optioned the Russian Kid gold deposit, near Rouyn-Noranda, Que., to Dasserat Resources.To acquire the property, privately held Dasserat must make option payments …
Low-cost El Peon drives Meridian
Second-quarter earnings at Meridian Gold (MNG-T) were somewhat lower than in 2002, but low costs at the El Penon mine kept the company well in the black. For the three months ended June 30, Meridian e…
People (August 04, 2003)
Barker Minerals — Sean McKinley appointed exploration manager.Diamondex — Christopher Mitchell appointed CFO.First Point Minerals — Christopher Mitchell appointed CFO and secretary.
Northern Miner Indices (August 04, 2003)
Barrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont MiningNEM-N24.1%NorandaNRD-T4.6%Phelps DodgePD-N…
South Africa produces less gold (August 04, 2003)
South African gold production in the first quarter of 2003, at 2,963,824.9 oz. was down 2.7% compared with the corresponding period of 2002. Moreover, production was down 6.8% from the quarter ended D…