Noranda sells 12-year notes
Mining conglomerate Noranda (NRD-T) intends to sell US$350 million worth of unsecured debentures in order to repay existing notes.Net proceeds are mainly earmarked for US$300 million worth of existing…
2003
Major slippage at Grasberg
The biggest news during the report period ended Oct. 14 was a major rockfall at Freeport-McMoRan Copper & Gold’s 90.6%-owned Grasberg open-pit mine in Indonesia. Two employees are known to be dead, si…
SKN forms JV with Kunming Gold
Vancouver — SKN Resources (SRL-V) received a nod from the Chinese government to form a joint venture with Chinese-based Kunming Gold Exploration Engineering to explore the Tuobuka gold project in Yun…
James A. Harquail
James Harquail, an exploration geologist and mining engineer who worked with renowned prospectors Thayer Lindsley and Duncan Derry, has died. He was 80.A native of Campbellton, N.B., Harquail earned h…
Pilagold heads to Nicaragua
An option to earn a majority interest has Pilagold (Pri-V) reassessing the historic San Ramon mining camp for its oxide potential.Situated in south-central Nicaragua, San Ramon hosts numerous low-sulp…
Spot Prices Tuesday, Oct. 14, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$373.65-2.55Silver$4.94+0.10Platinum$730.00+8.00P…
More issues soar to new heights
TORONTO STOCK EXCHANGEThe recent spat of record-breaking continued through the Oct. 8-14 report period, with some issues achieving the milestone on significant percentage gains.Junior Corriente Resour…
Partners drill Timmins project (October 20, 2003)
High-grade intersections are reported from the first four holes of a recently doubled, 10,000-metre program of definition drilling on Holmer Gold Mines’ (HGM-V) Timmins property.Highlights include the…
Daily Metal Prices (October 20, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateOct. 13Oct. 10Oct. 9Oct. 8Oct. 7Al Alloy1410/1405…
Jilbey drills Taranga (October 20, 2003)
Jilbey Gold Exploration (JLB-V) has begun drilling at its Taranga gold permit in Burkina Faso.The property, which covers 240 sq. km of the Bouroum-Yalogo greenstone belt, was acquired earlier this yea…
Peru Copper Syndicate eyes low-cost leaching
Vancouver — Catherine McLeod-Seltzer and David Lowell, who, a year ago, re-united to search for gold-silver deposits under the banner of Bear Creek Mining (BCM-V), are turning their attention to the …
Imperial Metals on the mend
Williams Lake, B.C. — The discovery of a highly mineralized breccia body on the past-producing Mount Polley copper-gold property, 56 km northeast of here, has reinvigorated Imperial Metals (III-T).Le…