News
Gold rally will continue: GFMS
Gold Fields Mineral Services expects gold prices to continue rallying over the first half of the new year, perhaps surpassing US$450 per oz. before this period is out.That was among the predictions of…
All it took was a mining revival Go west, again
Vancouver’s Mineral Exploration Roundups have, for the past several years, been the most optimistic of the mineral industry’s get-togethers.Sometimes the optimism has grown out of a discovery — for e…
Suppliers Roundup (January 26, 2004)
JV to review Inco’s GoroInco has awarded a US$39.5-million contract to Foster Wheeler and SNC-Lavalin, which will jointly review the Goro nickel-laterite project in New Caledonia.The 50-50 joint ventu…
Bacon at meeting
Gordon Bacon, vice-president of technology and engineering with Inco, will talk about hydrometallurgy for Voisey’s Bay concentrates at the next meeting of the the Minerals Economics Society Discussion…
Development projects look good for Coeur d’Alene
Silver major Coeur d’Alene Mines (CDE-N) is enjoying better-then-expected results from ongoing feasibility studies at its San Bartolome silver project in southern Bolivia and Kensington gold project i…
People (January 26, 2004)
Aker Kvaerner — David Lawson appointed head of Chilean operations; Don Gale appointed head of Canadian operations.Cazaly Resources — Clive Jones appointed joint managing director with current managi…
The Northern Miner Indices (January 26, 2004)
North American Mining: 106.00 (-0.79)Small Producers: 112.22 (-3.26)(Sept. 30/98 = 100)…
McWatters pushed into administration
Gold miner McWatters Mining (MWA-T) has agreed to the appointment of a receiver under the Bankruptcy and Insolvency Act and plans to make a repayment proposal to its creditors.One of McWatters’ secure…
Canadian Stock Exchange Indices (January 26, 2004)
DateJan. 20Jan. 19Jan. 16Jan. 15Jan. 14HighLowTSX Composite8623.62…
LME Warehouse Levels (January 26, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Jan. 19 (change from Jan. 12 in brackets):MetalStock(tonnes)ChangeAluminium1432800(+5…
Spot Prices Tuesday, Jan. 20, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$408.30-16.20Silver$6.39 -0.23Platinum$858.00-10.00…