LME Warehouse Levels (September 08, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 2 (change from Aug. 26 in brackets):MetalStock(tonnes)ChangeAluminium1348000(+1…
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Exchange Rates (September 08, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27US$ in C$1.3877Holiday1.38511.
Lending Rates (September 08, 2003)
as of 4 pm ET, Sept. 2, 2003(%)Bank of Canada target rate3.00Bank of Canada overnight rate2.99Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.04U.S. Prime4.00LIBOR US$ 3-…
Producer and Dealer Prices (September 08, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.50-11.25/lb.Copper: Comex Dec. US$0.832/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Metal price rally sends producers higher
A rally in metal prices pushed both gold and base metal producers to higher ground over the holiday-shortened Aug. 27-Sept. 2 report period. The Toronto Stock Exchange gold subgroup tacked on 5.38 poi…
Junior Exchange continues summer rally
Vancouver — Canada’s junior exchange continued its summer rally over the week ended Sept. 2. The S&P-TSX Venture Exchange composite index jumped 42.76 points, or 3.35%, and closed at 1,318.37.Verena …
Imperial drills Joss’alun project
Vancouver — Copper Ridge Explorations (KRX-V) reports that Imperial Metals (III-T) has commenced a 1,200-metre drill program on the company’s Joss’alun property in the Atlin area of British Columbia….
Holmer Gold, Acadian to merge
Juniors Holmer Gold Mines (HGM-V) and Acadian Gold (ADA-V) (formerly Tempus Corp.) are merging.Under the proposed deal, shares of Acadian and Holmer would be turned in for shares in the combined entit…
Northern Miner Indices (September 08, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrick GoldABX-T19.4%CamecoCCO-T3.6%FalconbridgeFL-T4.7%Freeport McM BFCX-N7.1%GoldcorpG-T4.4%IncoN-T7.8%Kinross GoldK-T4.3%Newmont Minin…
Pechiney snubs Alcan sweetener (September 08, 2003)
Alcan (AL-T) has taken a sweetened takeover bid for Paris-listed Pechiney off the table after the latter rejected the bid as too low.The French aluminum maker says the revised bid of 47-48 euro per sh…
Canadian Stock Exchange Indices (September 08, 2003)
DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27HighLowTSX Composite7566.86…
Corriente cuts new copper at Mirador (September 08, 2003)
Drilling by Corriente Resources (CTQ-T) has uncovered a new zone of high-grade copper mineralization about 3 km to the northwest of its Mirador copper-gold deposit in southeastern Ecuador.Two angled h…