Pan Am Silver posts Q4 loss
Vancouver — A US$12.1-million charge against the operations of the Quiruvilca mine in Peru caused Pan American Silver (PAA-T) to spill red ink in the fourth quarter of 2002.The hit followed a US$15.1…
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Diamond Fields recovers more carats (March 17, 2003)
Diamond Fields International (DFI-T) has recovered an additional 4,800 carats of diamonds from the Marshall Fork deposit on the Luderitz diamond concession, off the shore of Namibia.Since resuming min…
Upbeat convention may not disappoint Recovery rates
The empties cleared away, the maps rolled back up, and the carpets steamed; so endeth the latest convention of the Prospectors & Developers Association of Canada.It’s been usual, over the past few yea…
Energy production = autonomy
The impact of mining operations on communities is usually extremely positive. When the mines are operating, they are a flurry of activity, and good-paying jobs are plentiful. But when metal prices sta…
IMA reports grassroots silver find
A high-grade silver discovery in the Patagonia region of southern Argentina has IMA Exploration (IMR-V) making geological analogies between it and the Eskay Creek gold mine in northern British Columbi…
Corriente looks at smaller model (March 17, 2003)
Vancouver — An independent study gives the Mirador copper-gold deposit in southeastern Ecuador a pretax net present value of US$153 million, using a 20,000-tonne-per-day base case and a copper price …
SouthernEra converts resources at Messina (March 17, 2003)
SouthernEra Resources (SUF-T) has tabled an updated reserve estimate for the Voorspoed section of its 70.9%-owned Messina platinum mine in South Africa. Probable reserves now stand at 24.5 million ton…
LME Warehouse Levels (March 17, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, March 11 (change from March 4 in brackets):MetalStock(tonnes)ChangeAluminium1251950(+…
Producer and Dealer Prices (March 17, 2003)
Antimony: Mid-mkt US$2,480/t.Bismuth: Mid-mkt US$2.80/lb.Cadmium: Mid-mkt US$0.70/lb.Cobalt: Recent trades US$8.00-9.20/lb.Copper: Comex May US$0.7655/lb.Indium: Indium Corp., ingot, US$110/kg.
Exchange Rates (March 17, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateMarch 11March 10March 7March 6March 5US$ in C$…
Canadian Stock Exchange Indices (March 17, 2003)
DateMarch 11March 10March 7March 6March 5HighLowTSX Com…
Week-long dive on US markets
Things started badly on U.S. stock markets in the trading period March 5-11, and got steadily worse. The Dow Jones Industrial Average fell 180.81 points to 7,524.06, a loss of 2.3%, while the Standard…