LME Warehouse Levels (August 04, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 29 (change from July 22 in brackets):Aluminium1293825(+4000)Aluminium Alloy31880…
News
Producer and Dealer Prices (August 04, 2003)
Antimony: Mid-mkt US$2,300/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.95-10.50/lb.Copper: Comex Sept. US$0.806/lb.Indium: Indium Corp., ingot, US$180/kg.Iridi…
Canadian Stock Exchange Indices (August 04, 2003)
DateJuly 29July 28July 25July 24July 23HighLowTSX Composite7227.35…
Tax gain boosts Teck Cominco in Q2
Vancouver — Despite the negative effect of the rising Canadian dollar, the world’s largest zinc producer saw its second-quarter profits rise as a result of a tax gain.Teck Cominco (TEK-T) earned $12 …
Rule by lawyers replaces the rule of law Vegas slick
In Ontario, when taking a budget or supply vote to the legislature is just too much trouble for the politicians, they simply have the Lieutenant-Governor sign off on an order-in-council. In the Silver…
People (August 04, 2003)
Barker Minerals — Sean McKinley appointed exploration manager.Diamondex — Christopher Mitchell appointed CFO.First Point Minerals — Christopher Mitchell appointed CFO and secretary.
Laurentian’s Pearson to receive McNeil Medal
David Pearson, an earth sciences professor at Laurentian University, will be awarded the Royal Society of Canada’s McNeil Medal at a ceremony in Ottawa in late November.The McNeil Medal was establishe…
FNX, Dynatec release McCreedy West reserve (August 04, 2003)
Newly minted nickel producers FNX Mining (FNX-T) and Dynatec (DY-T) have released a reserve figure for four mineralized zones at the McCreedy West property, on the northwestern fringe of the Sudbury s…
Falco earnings rise, taxes fall
Falconbridge (FL-T) saw its second-quarter earnings jump 45% to $56 million, reflecting higher nickel prices and a one-time $12-million tax recovery relating to changes in federal resource-sector taxa…
Coeur advances Kensington
The best news of the period for U.S.-based miners was Coeur d’Alene Mines’s signing of a memorandum of understanding with Alaska and U.S. agencies to grant environmental permits for the company’s prom…
Junior exchange stages mid-summer rally
Vancouver — Canada’s junior exchange sprinted to yet another new yearly high during the week ended July 29. The S&P-TSX Venture Exchange composite index jumped 61.45 points, or 5.4%, and closed at 1,…
Exchange Rates (August 04, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJuly 29July 28July 25July 24July 23US$ in C$1.38551.38191.38121.3…