BC mines more profitable
In 2002, British Columbia’s mining industry saw a continuation in its 4-year trend of year-over-year increases in profitability. However, total revenues for the year declined as the residual impact of…
News
Pop goes the value
AngloGold, the biggest of the South African mining houses, has at last taken another run at consolidation with its bid on Ashanti Goldfields. Having lost out to Newmont Mining in the bidding war for N…
Canadian Stock Exchange Indices (May 26, 2003)
DateMay 20May 19May 16May 15May 14HighLowTSX Composite6732.11…
LME Warehouse Levels (May 26, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 20 (change from May 13 in brackets):MetalStock(tonnes)ChangeAluminium1153125(-170…
Blanchard looks to add to Barrick complaint (May 26, 2003)
New Orleans-based bullion dealer Blanchard & Co. has filed a motion with a Louisiana district court to add to its antitrust complaint against Barrick Gold (ABX-T).Blanchard is looking to supplement it…
Golds hot as price jumps
As they often do, the golds came to the fore in an unpleasant U.S. equity market over the five trading days May 14-20. While the Standard & Poor’s 500 index was sliding 22.57 points to 919.73 and the …
Producer and Dealer Prices (May 26, 2003)
Antimony: Mid-mkt US$2,590/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-10.25/lb.Copper: Comex July US$0.7635/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
EC probes copper market (May 26, 2003)
Vancouver — European Union antitrust investigators, in co-operation with Canadian and U.S. competition authorities, have contacted mining giants BHP Billiton (BHP-N), Rio Tinto (RTP-N) and Freeport-M…
Randgold, Nevsun team up in western Mali
With nearby projects at the feasibility stage, Randgold Resources (GOLD-Q) and Nevsun Resources (NSU-T) have reached a deal to evaluate co-operative development in the Kenieba gold belt of western Mal…
Exchange Rates (May 26, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMay 20May 19May 16May 15May 14US$ in C$1.3446Holiday1.36671.3761…
Economic woes hamper silver market
The silver market appeared calm in 2002, compared with the more volatile gold, platinum, and palladium markets, according to London-based CPM Group.In a report titled Silver Survey 2003, CPM points ou…
Northern Miner Indices (May 26, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…