Dental palladium in demand
Demand for palladium in dental alloys is forecast to increase slightly to 730,000 oz. in 2002. The fall in the palladium price from its early 2001 peak has had a stabilizing effect on demand, but ther…
News
Horne smelter perseveres despite strike
Noranda says it can sustain output at its Horne copper smelter in Rouyn-Noranda, Que., at 70% of capacity even though striking workers have rejected its latest offer of a 3-year contract.More than 500…
Daily Metal Prices (December 09, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateDec. 3Dec. 2Nov. 29Nov. 28Nov. 27Al Alloy1315/1310…
BHP curbs copper output
BHP Billiton, the world’s largest mining company, announced that its 2003 copper production target for the world’s largest copper mine, Escondida in Chile, is being set at 1.05 million tonnes, while a…
Juniors take spotlight on slew of mixed news
The Toronto Stock Exchange posted its strongest gain in weeks during the Nov. 27-Dec. 3 report period, thanks to a rally in the energy and financial sectors plus the release of positive economic news …
Junior market recovers strength
Vancouver — Canada’s junior exchange regained some momentum as the gold price climbed higher over the week ended Dec. 3. The S&P-TSX Venture Exchange composite index jumped 17.6 points, or 1.86% of i…
Silver Standard targets Silvertip (December 09, 2002)
Vancouver — Silver Standard Resources (SSO-V) has added the Silvertip project in northern British Columbia to its stable of base metal properties.Situated 85 km southwest of Watson Lake, Silvertip ha…
Teck, Westshore in Fording deal
Teck Cominco (TEK-T) has emerged as a white knight in Fording’s (FDG-T) battle to fend off a hostile bid by the Sherritt Coal Partnership II.Teck Cominco is joining forces with Westshore Terminals Inc…
Producer and Dealer Prices (December 09, 2002)
Antimony: Mid-mkt US$2,670/t.Bismuth: Mid-mkt US$2.90/lb.Cadmium: Mid-mkt US$0.55/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$6.30-6.60/lb.Copper: Comex Mar US$0.7615/lb.
Northern Miner Indices (December 09, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeightBarrickABX-T21.9%FalconbridgeFL-T4.2%Freeport BFCX.B-N5.0%GoldcorpG-T5.2%IncoN-T7.7%Meridian GoldMNG-T4.7%Newmont MiningNEM-N24.8%Noranda…
Trading Summary (December 06, 2002)
After opening lower the Toronto Stock Exchange climbed steadily over the day to end 35.23 points higher at 6,577.2…
Cumberland tests North Portage
Drilling at the north end of the preliminary pit design on the North Portage open pit deposit has cut higher gold g…