Spot Prices Tuesday, Feb. 3, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.75-2.25Silver$6.18 -0.06Platinum$824.00-30.00…
News
Phelps Dodge to boost production
Improved prices and strong demand for copper have prompted Phelps Dodge (PD-N) to increase production from operations that were either suspended or curtailed during the industry downturn of the late 1…
Ok Tedi suffers production snag
Inmet Mining’s (IMN-T) 18%-owned Ok Tedi copper mine in Papua New Guinea will operate at a minimum of half-capacity for at least the next two months, following the failure of one of two semi-autogenou…
Producer and Dealer Prices (February 09, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.55/lb.Cobalt: Recent trades US$27-29/lb.Copper: Comex Mar. US$1.1685/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Exchange Rates (February 09, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28US$ in C$1.33741.33841.32641.333…
Canadian Stock Exchange Indices (February 09, 2004)
DateFeb. 3Feb. 2Jan. 30Jan. 29Jan. 28HighLowTSX Composite8660.70…
EuroZinc lone bidder for Neves Corvo
Vancouver — EuroZinc Mining (EZM-V) is the only company to have bid on the offering of the Portuguese government’s 51% interest in Somincor, the company that owns the giant Neves Corvo copper mine in…
Olympus tables Phuoc Son resource
Vancouver — Olympus Pacific (OYM-V) has tabled an independent resource estimate of its Phuoc Son gold project, 90 km southwest of the seaport city of Da Nang in central Vietnam.Watts Griffis & McOuat…
Chile tops for mining investment
For the second straight year, Chile has been selected as the most attractive region in the world for mining investment in a survey of companies conducted by the Fraser Institute.Executives from compan…
Nevsun tests Bisha
Although best known for its Tabakoto-Segala gold projects in the Kenieba district of Mali, Nevsun Resources (NSU-T) has launched a major drill program to advance a promising, high-grade gold and base …
Cumberland expands Meadowbank (February 09, 2004)
Convinced that the Meadowbank gold deposit is rich enough to support an open-pit mine and mill in the High Arctic region of Nunavut, Cumberland Resources (CBD-T) is advancing the project through the f…
The markets stand corrected
The shock in the bullion markets at the end of January left some people wondering if the long-awaited gold bull had met a sudden end.What caused the US$10 drop was an announcement from the Federal Ope…