Producer and Dealer Prices (February 17, 2003)
Antimony: Mid-mkt US$2,200/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$7.35-8.00/lb.Copper: Comex Mar US$0.7755/lb.Indium: Indi…
News
Innovation augurs well for Canadian mining
If I had to pick just one word to describe the Canadian mining industry in recent years, it would be “innovative.” Innovation now defines our industry. In fact, the mining industry spends some $370 mi…
Market volatility will likely bolster gold price further
The Northern Miner asked several followers of the junior mining sector for their stock recommendations for 2003. In this, the last of three instalments, we asked newsletter publishers Paul van Eeden a…
Spot Prices Wednesday February 12, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$363.15-21.85Silver$4.57-0.36Platinum$692.00+3.00…
Canadian Stock Exchange Indices (February 17, 2003)
DateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5HighLowTSX Composit…
Noranda takes big hit in 2002 (February 17, 2003)
Reflecting its decision to close the Magnola magnesium plant in Quebec, Noranda (NRD-T) has recorded a whopping $700-million loss for 2002.The $3.02-per-share loss included an after-tax charge of $630…
Inco aims to sustain record output of PGMs
While it has benefited strongly from higher nickel and copper prices of late, Inco (N-T) expects platinum group metals (PGMs) to remain a valuable byproduct at its operations.At its flagship Sudbury o…
Glamis unloads Cerro San Pedro stake
Glamis Gold (GLG-T) will sell its half interest in the Cerro San Pedro gold-silver project in Mexico to equal partner Metallica Resources (MR-T) for US$18 million.Metallica will pay US$2 million on cl…
Study underscores Sustut’s potential
Vancouver — A new resource estimate enhances the economic potential of the Sustut copper deposit, 65 km north of the Kemess gold-copper mine in north-central British Columbia.Partners Northgate Explo…
Daily Metal Prices (February 17, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 11Feb. 10Feb. 7Feb. 6Feb. 5Al Alloy1485/1430…
Top head rolls at Barrick
Looks like someone finally had to pay for Barrick Gold’s pitiful share performance over the past year and half: President and CEO Randall Oliphant was briskly frog-marched off the plank by Barrick’s b…
Hatch teams with Newmont
Mississauga, Ont.-based mining engineering and consulting firm Hatch has signed a marketing and technology agreement with Newmont Mining that will see the two companies share pressure-oxidation extrac…