Northern Miner Indices (February 23, 2004)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T17.1%CamecoCCO-T3.3%FalconbridgeFL-T5.0%Freeport McM BFCX-N8.2%GoldcorpG-T4.3%IncoN-T8.7%Kinross GoldK-T4.3%Newmont MiningNEM…
News
Canadian Stock Exchange Indices (February 23, 2004)
DateFeb. 17Feb. 16Feb. 13Feb. 12Feb. 11HighLowTSX Composite8767.108747.518694.468725.04…
Gold sparkles on Venture exchange
Vancouver — Canada’s junior exchange continued its bull run during the week ended Feb. 17. The S&P-TSX Venture Exchange composite index closed at 1931.61, up 65.43 points, or 3.5%.Spider Resources an…
Breakwater eyes Boliden’s Myra Falls
Breakwater Resources (BWR-T) has agreed to acquire the Myra Falls zinc-copper mine on Vancouver Island from Swedish miner Boliden (BLS-T).Breakwater will issue 18 million shares plus 5 million warrant…
Gold Fields battered by volatile rand
A tough operating environment at home has spurred Johannesburg-based Gold Fields (GFI-N) to step up a global diversification program.In the past few months, the company acquired the Cerro Corona gold-…
Assaying
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:…
Investment Commentary: Scotia Capital sees US$470-per-oz. gold
While many gold analysts have been criticized by gold bugs for bailing out of gold in a big way in December 2003, Scotia Capital stands out among the usually conservative, bank-owned brokerage houses …
Production up in South Africa
Total mining production in South Africa rose by 5.8% in 2003 after a tiny 0.8% increase in 2002, according to Statistics South Africa.The increase was due in large part to an increase of 9.4% in the p…
IMA arranges financing
Vancouver — IMA Exploration (IMR-V) has inked a deal with a syndicate of underwriters to raise $4.6 million on a bought-deal basis.The underwriters, Canaccord Capital and First Associates Investments…
Mining and the common good
It is far from unusual in this business to meet someone convinced he is the owner of fabulous mineral riches. In many cases, of course, the riches are fabulous in the narrow sense of the word — a fab…
Spot Prices Tuesday, Feb. 17, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$413.70+5.35Silver$6.64 +0.20Platinum$857.00…
Producer and Dealer Prices (February 23, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.53/lb.Cobalt: Recent trades US$27-28/lb.Copper: Comex Mar. US$1.2435/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…