Minefinders advances Dolores (January 19, 2004)
Vancouver — The long-awaited feasibility study for the Dolores gold-silver project in Mexico is closer to completion following a 59,400-metre program of delineation drilling by Minefinders (MFL-T).Th…
News
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$5.1 billio…
Spot Prices Tuesday, Jan. 13, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/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…
Calcatreu takes shape under Aquiline
Ingenerio Jacobacci, Argentina — Results from ongoing infill drilling have convinced Aquiline Resources (AQI-V) that it will soon outline more than 1 million oz. at its Calcatreu gold-silver project,…
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 …
The Northern Miner Indices (January 19, 2004)
North American Mining: 106.79 (+0.96)Small Producers: 115.48 (-4.64)(Sept. 30/98 = 100)…
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…
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…
Editorial Cartoon (January 19, 2004)
Strong year ahead for base metals
We expect all base metal prices to register double-digit growth from the last quarter of 2003 to the expected peak during 2004.We have made new upward revisions to our base metal price forecasts (+15%…