Producer and Dealer Prices (August 04, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.50/lb.Copper: Comex Sept. US$0.806/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Articles by Northern Miner Staff
Canadian Stock Exchange Indices (August 04, 2003)
DateJuly 29July 28July 25July 24July 23HighLowTSX Composite7227.35…
Exchange Rates (August 04, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 29July 28July 25July 24July 23US$ in C$1.38551.38191.38121.3…
Tax gain boosts Teck Cominco in Q2
Vancouver — Despite the negative effect of the rising Canadian dollar, the world’s largest zinc producer saw its second-quarter profits rise as a result of a tax gain.Teck Cominco (TEK-T) earned $12 …
Rule by lawyers replaces the rule of law Vegas slick
In Ontario, when taking a budget or supply vote to the legislature is just too much trouble for the politicians, they simply have the Lieutenant-Governor sign off on an order-in-council. In the Silver…
Boliden shutters plant
Boliden’s closure of a brass plant in West Bromwich, England, has resulted in the loss of 140 jobs.The Swedish miner closed the plant in order to consolidate production at its site in Aldridge, north …
Metals Commentary: Demand for refined nickel grows in China
(The following excerpt from The Commodity Refiner, a monthly publication of Barclays Capital Research, provides an overview of current nickel and zinc markets.)There are reasons to argue that nickel p…
FNX, Dynatec release McCreedy West reserve (August 04, 2003)
Newly minted nickel producers FNX Mining (FNX-T) and Dynatec (DY-T) have released a reserve figure for four mineralized zones at the McCreedy West property, on the northwestern fringe of the Sudbury s…
Globex options out Russian Kid
Globex Mining Enterprises (GMX-T) has optioned the Russian Kid gold deposit, near Rouyn-Noranda, Que., to Dasserat Resources.To acquire the property, privately held Dasserat must make option payments …
Falco earnings rise, taxes fall
Falconbridge (FL-T) saw its second-quarter earnings jump 45% to $56 million, reflecting higher nickel prices and a one-time $12-million tax recovery relating to changes in federal resource-sector taxa…
Low-cost El Peon drives Meridian
Second-quarter earnings at Meridian Gold (MNG-T) were somewhat lower than in 2002, but low costs at the El Penon mine kept the company well in the black. For the three months ended June 30, Meridian e…
Coeur advances Kensington
The best news of the period for U.S.-based miners was Coeur d’Alene Mines’s signing of a memorandum of understanding with Alaska and U.S. agencies to grant environmental permits for the company’s prom…