LME Warehouse Levels (February 24, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 18 (change from Feb. 11 in brackets):MetalStock(tonnes)ChangeAluminium1191600(-4…
News
Roundup’s success may mean good things Western sunrise
Last year and the year before, the Vancouver mining set’s annual January fixture, the Cordilleran Roundup, offered a sweet-scented promise of spring coming to the mining business. In 2001, there was h…
Insider Trading: Option spree continues through winter
Recent insider trading transactions reported by the Ontario Securities Commission include the following:r Anatolia Minerals Development (YMCU-V) — James Davidson, director, sold 14,500 shares indirec…
Andaurex eyes Meliadine
Vancouver — Australia’s WMC Resources (WMC-N) has an interested buyer for its 56% stake in the Meliadine West gold property in Nunavut.Andaurex Industries (AWX-V) and Sakku Investments, a wholly owne…
Lending Rates (February 24, 2003)
as of 4 pm ET, Feb.18, 2003(%)Bank of Canada3.00Canadian Prime4.50U.S. Discount0.75U.S. Fed Funds1.25U.S. Prime4.25LIBOR US$ 3-month1.35LIBOR US$ 6-month1.35LIBOR US$ 1-year1.43Gold lease 3-m…
Gold takes centre-stage at Cordilleran
Vancouver — Enthusiasm for gold prevailed at the recent Cordilleran Roundup, held at this city’s Westin Bayshore Resort and Marina.About 3,000 delegates and 150 exhibitors attended the 5-day event, w…
People (February 24, 2003)
Alamos Minerals — Chester Millar appointed president and chairman; John McCluskey appointed VP and CEO; Stephen Stine appointed VP and COO.Cambridge Mineral Resources — Michael Thomsen appointed exe…
Producer and Dealer Prices (February 24, 2003)
Antimony: Mid-mkt US$2,200/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.20-7.95/lb.Copper: Comex Mar US$0.74/lb.Indium: Indium…
Grade still king at Goldcorp; Glamis
Low-cost production from the Red Lake mine in northwestern Ontario gave Goldcorp (G-T) earnings of US$65.6 million (US37 per share) on revenues of US$185.2 million in 2002.The year-end results repres…
Canadian Stock Exchange Indices (February 24, 2003)
DateFeb. 18Feb. 17Feb. 14Feb. 13Feb. 12HighLowTSX Compo…
GREATEST VALUE TRADED, FEB. 12-18
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N52265528.4426.5127.18-1.32…
Placer Dome boosts stake in NovaGold project
Vancouver — Placer Dome (PDG-T), North America’s third-largest gold producer, is exercising its right to increase its interest in NovaGold Resources’ (NRI-T) Donlin Creek deposit in southwestern Alas…