LME Warehouse Levels (June 23, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 17 (change from June 10 in brackets):MetalStock(tonnes)ChangeAluminium1115150(-1…
News
New diamond province emerging in Europe
A new diamond province is quietly taking shape in Finland, where AIM-listed European Diamonds (EPD-LSE) is drill-testing several targets discovered by a combination of surface sampling and geophysics….
Tournigan tests Irish prospect
Vancouver — Junior Tournigan Gold (TVC-V) has launched a 5-hole drill program on the Glenlark prospect, part of the Tyrone project in Northern Ireland.Glenlark is marked by stratabound gold-silver-zi…
Rio Narcea gets nod at Aguablanca
Rio Narcea Gold Mines (RNG-T) is stepping up construction at its Aguablanca nickel-copper-PGM project in southwestern Spain following governmental approval of the environmental impact assessment.Capit…
Spot Prices Wednesday June 18, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$361.25+7.10Silver$4.57+0.06Platinum$662.00+7.00P…
Exchange Rates (June 23, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateJune 17June 16June 13June 12June 11US$ in C$1.33961.33921.33611.3…
Producer and Dealer Prices (June 23, 2003)
Antimony: Mid-mkt US$2,570/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$9.70-10.25/lb.Copper: Comex July US$0.7810/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
Canadian Stock Exchange Indices (June 23, 2003)
DateJune 17June 16June 13June 12June 11HighLowTSX Composite7121.027099.277010.557106.86…
Breakwater polishes Langlois study
An updated feasibility study of the Langlois base metal mine in northwestern Quebec has Breakwater Resources (BWR-T) eyeing about $10 million more in cash flow.The study takes into account the recentl…
Northern Miner Indices (June 23, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T20.0%CamecoCCO-T3.6%FalconbridgeFL-T4.6%Freeport McM BFCX-N5.8%GoldcorpG-T4.5%IncoN-T8.0%Kinross GoldK-T4.5%Newmont MiningNEM…
Lending Rates (June 23, 2003)
as of 4 pm ET, June 17, 2003(%)Bank of Canada3.50Canadian Prime5.00U.S. Discount Primary2.25U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.06LIBOR US$ 6-month1.01LIBOR US$ 1-year1.02Gold …
Newmont writes off AMC
It was an expensive report period for Denver-based Newmont Mining, which bit the bullet and wrote off its recent, A$100-million investment in Aussie-listed Australian Magnesium Corp., developer of the…