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 …
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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$1.3446Holiday1.36671.3761…
Economic woes hamper silver market
The silver market appeared calm in 2002, compared with the more volatile gold, platinum, and palladium markets, according to London-based CPM Group.In a report titled Silver Survey 2003, CPM points ou…
Northern Miner Indices (May 26, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Spot Prices Wednesday May 21, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$364.90+16.00Silver$4.74-0.08Platinum$680.00+18.00…
Breakwater breaks even in Q1
Higher prices for gold, silver and copper helped offset lower production for Breakwater Resources (BWR-T) in the first quarter.The company earned $69,000 (or nil per share), compared with a loss of $3…
Northgate sees red in first quarter
Vancouver — Lower production resulting from a high stripping ratio at the Kemess mine in north-central British Columbia contributed to a first-quarter loss for Northgate Exploration (NGX-T).The compa…
Fronteer hunts for IOCG deposits
Vancouver — In addition to its foray into the Red Lake-Birch Uchi Belt, Fronteer Development Group (FRG-V) has assembled large land positions in the Bear province of the Northwest Territories and the…
Alamos Gold advances Estrella
Vancouver — In the late 1990s, Placer Dome (PDG-T) and partner Kennecott Minerals tabled a feasibility study that indicated only a marginal return on the Mulatos gold project. Today, newly minted Ala…