Daily Metal Prices (September 08, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27Al Alloy1420/142…
2003
Holmer Gold, Acadian to merge
Juniors Holmer Gold Mines (HGM-V) and Acadian Gold (ADA-V) (formerly Tempus Corp.) are merging.Under the proposed deal, shares of Acadian and Holmer would be turned in for shares in the combined entit…
Canadian Stock Exchange Indices (September 08, 2003)
DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27HighLowTSX Composite7566.86…
Corriente cuts new copper at Mirador (September 08, 2003)
Drilling by Corriente Resources (CTQ-T) has uncovered a new zone of high-grade copper mineralization about 3 km to the northwest of its Mirador copper-gold deposit in southeastern Ecuador.Two angled h…
People (September 08, 2003)
Admiral Bay — Mark Brennan appointed director president and CEO; Robert McIntosh appointed VP of exploration; Godfrey Walton appointed special consultant; Bill Pearson appointed technical advisor; Ba…
Ashton, Soquem launch fall exploration campaign
As joint-venture partners Ashton Mining of Canada (ACA-T) and Soquem mull over the best way to further evaluate the Renard kimberlitic cluster in the Otish Mountains region of northern Quebec, a fall …
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Asbestos trust fund established in South Africa
A R400-million (US$55-million) trust fund designed to compensate those suffering from asbestos-related diseases has been established in South Africa, with the lion’s share of funding coming from South…
Norilsk buys more Stillwater
Russia’s Norilsk Nickel gave the final results of its US$32.6-million offer to buy up to 4.35 million shares (5%) of its 51%-owned subsidiary Stillwater Mining for $7.50 apiece, in cash. When the offe…
Mustang gallops into Manchester
Mustang Minerals (YMU-T) has inked a deal to explore for nickel on Inco’s (N-T) Manchester property covering a 2.5-km stretch of the Manchester Offset dyke on the south range of the Sudbury igneous co…
Junior Exchange continues summer rally
Vancouver — Canada’s junior exchange continued its summer rally over the week ended Sept. 2. The S&P-TSX Venture Exchange composite index jumped 42.76 points, or 3.35%, and closed at 1,318.37.Verena …
Northern Miner Indices (September 08, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick 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 Minin…