The Northern Miner Indices (September 08, 2003)
North American Mining: 88.01 (+1.76)Small Producers: 92.08 (+4.39)(Sept. 30/98 = 100)…
2003
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 $7.50 apiece, in cash. When the offe…
Spot Prices Wednesday, September 3, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$372.20+7.90Silver$4.98-0.02Platinum$712.00+16.00…
Linear sets sights on Xstrata properties
Venturing from its stronghold in eastern Canada, Linear Resources (LRR-V) has inked a letter of intent to acquire various properties in Latin America from London-listed Xstrata.The properties are in t…
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…
New zones cut at Caiman
Core and reverse-circulation drilling by Ariane Gold (AGD-T) at its Camp Caiman project in French Guiana has indicated new gold mineralization at the main Camp Caiman deposit and also intersected gold…
Trading Summary (September 05, 2003)
The Toronto Stock Exchange ended the holiday-shortened week with a 17.65-point gain to end at 7,6121.5. The golds j…
Newmont picks Clover (September 05, 2003)
Vancouver Just days after granting Great Basin Gold (GBG-T) the right to earn a 70% stake in its Golden Cloud pro…