Exchange Rates (April 21, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateApril 15April 14April 11April 10April 9US$ in C$1.45151.45321.4516…
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LME Warehouse Levels (April 21, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 15 (change from April 8 in brackets):MetalStock(tonnes)ChangeAluminium1221850(-…
Producer and Dealer Prices (April 21, 2003)
Antimony: Mid-mkt US$2,530/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.00-10.00/lb.Copper: Comex May US$0.733/lb.Indium: Indium Corp., ingot, US$140/kg.Iridium…
Harmony launches gold bars
Harmony Gold Mining, South Africa’s third-largest gold producer, is marketing a series of branded gold bars to consumers at home and abroad, with 90% of the product bound for India.Although South Afri…
Spot Prices Wednesday April 16, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$323.85-0.25Silver$4.49+0.01Platinum$624.00-1.00P…
Canadian Stock Exchange Indices (April 21, 2003)
DateApril 15April 14April 11April 10April 9HighLowTSX Composite6488.186462.436432.086418.
Cameco swept away by McArthur River flood
Cameco was the biggest newsmaker over the April 9-15 report period, announcing a possible suspension to production at the McArthur River mine in Saskatchewan. A shutdown translates into $4-5 million a…
Junior exchange continues bearish trend (April 21, 2003)
Vancouver — Canada’s junior exchange drifted lower during the lacklustre report period ended April 15. The S&P-TSX Venture Exchange composite index fell 3.78 points, or 0.36% of its value, to close a…
Daily Metal Prices (April 21, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateApril 15April 14April 11April 10April 9Al Alloy1355…
Regulations stall California projects
Two new regulatory actions in California have placed the future of two gold mining projects in doubt.California’s Surface Mining and Reclamation Act has been amended to force mine operators to backfil…
Barrick’s Oliphant receives sweet sendoff
Dry any tears you may have shed for Randall Oliphant, unceremoniously dumped in February from his position as president and CEO of Barrick Gold.While that move was widely viewed as Oliphant’s punishme…
Obituary: Paul Grieco
Paul Grieco, the gregarious entrepreneur who launched PR Engineering in Oshawa, Ont., has died. He was 92.Grieco was general manager of the mining division of Scarborough, Ont.-based John Inglis Co. w…