Gold’s recovery lands Placer Dome in the black
Vancouver — Higher gold prices helped Placer Dome (PDG-T) generate sizable earnings in 2002, though US$40 million of unforeseen charges soured the profit margin in the fourth quarter.The company earn…
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Producer and Dealer Prices (March 03, 2003)
Antimony: Mid-mkt US$2,250/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 May US$0.7855/lb.
Daily Metal Prices (March 03, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 25Feb. 24Feb. 21Feb. 20Feb. 19Al Alloy1460/141…
Northern Miner Indices (March 03, 2003)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T19.5%CamecoCCO-T3.1%FalconbridgeFL-T4.0%Freeport BFCX.B-N5.7%Glamis GoldGLG-T3.3%GoldcorpG-T5.4%IncoN-T9.0%Meridian GoldMNG-T…
GREATEST VALUE TRADED, FEB. 19-25
ExchgVal($000s)HighLowCloseChangeNewmont Mng*N49116828.4926.9727.12-0.06…
Four arrested in US$100m Antwerp diamond robbery
A Dutch woman and three Italian men are being held by Belgian police in connection with one of the country’s biggest-ever diamond heists.The four suspects are being held on suspicion of stealing diamo…
BHP enjoys higher output at Ekati mine
BHP Billiton’s (BHP-N) share of mine production at Ekati in the Northwest Territories was 1.1 million carats in the recent fourth quarter — 15% higher than in the corresponding period of 2001 and 12%…
Restraint gives way to profligacy Throwing money around
New ministers of finance are always watched carefully to see how much their budgets will depart, philosophically and strategically, from those their predecessors brought down. John Manley’s first budg…
Changes in the cobalt market
In the past 25 years, there have been numerous major changes in the cobalt market. Prior to 1978, cobalt was almost exclusively supplied from Zaire (now the Democratic Republic of Congo) and Zambia as…
Canico releases Ona results
Vancouver — Canico Resource (CNI-V) has tabled results from the first 77 holes of an ongoing drill program at the Ona-Puma nickel laterite project in Brazil’s Para state.Nickel assays are in line wi…
Goldcorp funds juniors
Candente Resource (DNT-V) has closed a $1-million financing with Goldcorp (G-T) as a first step toward collaborating on grassroots gold exploration in Newfoundland.The non-brokered private placement c…
FNX, Dynatec table McCreedy West resource (March 03, 2003)
With production scheduled to begin in weeks, partners FNX Mining (FNX-T) and Dynatec (DY-T) have tabled resource estimates for five of seven deposits at the McCreedy West mine in Sudbury, Ont.Measured…