Alcoa sinks
Alcoa kicked off earnings season by tallying fourth-quarter net income of US$291 million, or US33 per share, on US$5.5 billion in sales, compared to a loss of US$223 million on sales of US$5.1 billio…
News
Spot Prices Tuesday, Jan. 13, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$424.50-3.50Silver$6.62 +0.34Platinum$868.00+18.00…
LME Warehouse Levels (January 19, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 12 (change from Jan. 5 in brackets):MetalStock(tonnes)ChangeAluminium1427525(+50…
Exchange Rates (January 19, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7US$ in C$1.27291.27361.26921.2788…
Metco shares jump
Shares in Metco Resources (MKO-V) surged 2.5, or about 21%, to 14.5 in late afternoon trading on Dec. 22, after the junior granted Noranda (NRD-T) an option to earn up to a 70% stake in its properti…
Junior exchange remains bullish on gold
Vancouver — Canada’s junior exchange continued its upward march over the trading week ended Jan. 13. The S&P-TSX Venture Exchange composite index gained 13 points points, or 0.72% of value, to close …
Partners confirm El Aguila continuity
Having confirmed the continuity of a gold-siver zone, partners Gold Resource and Canyon Resources (CAU-X) are proceeding with a scoping study at their Aguila property in Mexico’s Oaxaca state.The pair…
Metallica nears startup at Cerro San Pedro
In Mexico, Metallica Resources (MR-T) has awarded a US$105-million mining contract at its Cerro San Pedro project, which is expected to pour its first gold by the end of 2004.The proposed heap-leach o…
Producer and Dealer Prices (January 19, 2004)
Antimony: Mid-mkt US$2,280/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$21.00-29.50/lb.Copper: Comex Mar. US$1.0855/lb.Indium: Indium Corp., ingot, US$320/kg.Irid…
We’re number three
“Talk to me Harry Winston/And tell me all about it.” — Leo Robin and Jule Steyn, in Gentlemen Prefer Blondes.This won’t be news to most of us.The Canadian government’s statistical office has official…
Canadian Stock Exchange Indices (January 19, 2004)
DateJan. 13Jan. 12Jan. 9Jan. 8Jan. 7HighLowTSX Composite8380.34…
Castleworth drills Clifford
Vancouver — Armed with $1 million in financing, Castleworth Ventures (WTH-V) has launched a 5,500-ft. program of reverse-circulation drilling on the Clifford gold project, 60 km east of Tonopah, Nev….