Base Metals: The Last Leg Higher
Since the latest consensus metal price forecast survey conducted by Reuters in mid-January, in which we were the most bullish forecaster for 2004 on an aggregate basis, analysts have been busy making …
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LME Warehouse Levels (February 23, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 17 (change from Feb. 10 in brackets):MetalStock(tonnes)ChangeAluminium1404375(-1…
Hecla shatters silver record
The old dog is still learning new tricks: in 2003, U.S. silver miner Hecla Mining enjoyed the best year of silver production in its 113-year history. The company mined a record 9.8 million oz. at a to…
EuroZinc closer to Neves Corvo deal
Vancouver — EuroZinc Mining’s (EZM-V) offer to buy the Neves Corvo copper mine in Portugal has been accepted as a conforming bid by the jury handling the tendering process.Up to 30 days are expected …
Manhattan takes Peruvian dispute to arbitration
Manhattan Minerals (MAN-T) is in the midst of selecting an arbitrator in a bid to regain its option to earn a 75% stake in the embattled Tambo Grande massive sulphide property in Peru.The company has …
Daily Metal Prices (February 23, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 17Feb. 16Feb. 13Feb. 12Feb. 11Al Alloy1590/162…
Diamonds outshine gold on TSX
The Feb. 11-17 report period saw the S&P-TSX Composite Index recover from a mid-period dip to end just 0.6 of a point lower at 8,767.1. The gold index mimicked the yellow metal’s performance, yo-yoing…
Obituary: Arthur Fisher
Arthur Thompson Fisher, a mining engineer and principal of numerous mining companies, passed away suddenly in late January in North Vancouver, B.C.Fisher was born in 1938, in Edinburgh, Scotland; he a…
Barrick, Falco team up in Tanzania
Odd couple Barrick Gold (ABX-T) and Falconbridge (FL-T) have agreed to explore jointly the Kabanga nickel deposit in Tanzania.Falco can take a half-interest and assume the role of operator by funding …
Metallica sizes up El Morro deposit (February 23, 2004)
Armed with data from 15 diamond- and reverse-circulation holes, Noranda (NRD-T) has tabled an inferred resource estimate for the El Morro area on Metallica Resources’ (MR-T) copper-gold project of the…
Spider, KWG expand McFaulds Lake target
Vancouver — Partners Spider Resources (SPQ-V) and KWG Resources (KWG-V) are encouraged by drill results from the McFaulds #3 base metal deposit in the James Bay Lowlands of Ontario.Hole 20 intersecte…
‘Mining for Miracles’ gets Ekati diamond
Vancouver — A diamond from the Ekati mine in the Northwest Territories will be raffled to raise money for the British Columbia Children’s Hospital in Vancouver.The raffle is part of the Mining for Mi…