Daily Metal Prices (March 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 11March 10March 7March 6March 5Al Alloy1455/1…
2003
Odyssey sizes up Altintepe in Turkey
Vancouver — The inferred mineral resource for the 2G zone on the Altintepe project in northeastern Turkey is estimated to be 3.2 million tonnes grading 1.52 grams gold per tonne.Operator Odyssey Reso…
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…
Bullion bearish on junior market
Vancouver — Canada’s junior exchange felt the impact of a falling bullion price during the report period that ended March 11, with investors electing to unload gold explorers. The S&P-TSX Venture Exc…
Northern Miner Indices (March 17, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
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…
The Northern Miner — Small Producers Index (March 17, 2003)
54.36 (-4.41)(Sept. 30/98 = 100)…
Broad market slumps as gold see-saws
The Toronto Stock Exchange composite index surrendered another 99.2 points over the March 5-11 report period to finish the week at 6,290.7.Gold yo-yoed itself US$5.25 per oz. lower to a London afterno…
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…
Pan Am Silver posts Q4 loss
Vancouver — A US$12.1-million charge against the operations of the Quiruvilca mine in Peru caused Pan American Silver (PAA-T) to spill red ink in the fourth quarter of 2002.The hit followed a US$15.1…
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 …
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…