AMF inks Kolwezi deal
America Mineral Fields (AMZ-T) is another step closer to developing the Kolwezi cobalt-copper tailings project in the Democratic Republic of Congo.After 10 months of negotiations, the company has agre…
2003
Sulliden outlines geochem targets at Shahuindo (November 24, 2003)
Reconnaissance soil geochemistry by Sulliden Exploration (SUE-T) at the Shahuindo property in Cajamarca department, northern Peru, has outlined targets with elevated gold concentrations.The 90-line-km…
Lending Rates (November 24, 2003)
as of 4 pm ET, Nov. 18, 2003(%)Bank of Canada3.00Target overnight rate2.75Canadian Prime4.50U.S. Discount Primary2.00U.S. Fed Funds market rate1.00U.S. Prime4.00LIBOR US$ 3-month1.17LIBOR US$ …
Fifteen Years Ago / November 1988
Inco sinks cash into ManitobaStill under fire for a recapitalization plan designed to fend off a hostile takeover, Inco is setting aside $100 million to sustain production in its Manitoba division. Ov…
Silver zone found at La Pitarrilla (November 24, 2003)
Preliminary drilling by Silver Standard Resources (SSO-V) has intersected a new silver zone at the Pitarrilla project, 170 km northwest of Durango, Mexico.The 16-hole program, 2,500-metre program was …
Claude buoyed by higher gold sales
Increased gold and sales and a higher gold price helped Claude Resources (CRJ-T) achieve net earnings of $1 million during the three months ended Sept. 30.The profits translate into 2 per share, and …
E3 to be free of charge
Beginning in March 2004, the E3 Environmental Excellence in Exploration program will be available on the Internet free of charge.The program was launched by the Prospectors & Developers Association of…
LME Warehouse Levels (November 24, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 17 (change from Nov. 10 in brackets):MetalStock(tonnes)ChangeAluminium1384225(+1…
Partners test Trinidad South (November 24, 2003)
Globestar Mining (GMI-V) has launched a 2,000-metre drill program over the 3-sq.-km Trinidad South gold-in-soil anomaly on the Bayaguana gold project in the Dominican Republic.Globestar believes Trini…
Exchange Rates (November 24, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 18Nov. 17Nov. 14Nov. 13Nov. 12US$ in C$1.30241.31371.30381.2…
The Northern Miner Indices (November 24, 2003)
North American Mining: 101.26 (+4.54)Small Producers: 99.83 (+10.03)(Sept. 30/98 = 100)…
Fortune expands zone at Nico (November 24, 2003)
A 13-hole drilling program by Fortune Minerals (FT-T) at the Nico polymetallic deposit in the western Northwest Territories has expanded the known mineralization in the deposit’s West Pit area.The new…