LME Warehouse Levels (August 05, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, July 30 (change from July 23 in brackets):MetalStock (tonnes)ChangeAluminium1267425(+…
News
Silver Standard inks Challacollo option (August 05, 2002)
Vancouver — The results from a due diligence program have prompted Silver Standard Resources (SSO-V) to continue working the Challacollo silver-gold property in northern Chile.The 2,500-metre program…
Spot Prices Wed. July 31, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$305.40-$8.20Silver$ 4.66-$0.20Platinum$530.00+$…
LionOre extends Waterloo (August 05, 2002)
Drilling by LionOre Mining International (LIM-T) on the Wildara property in Western Australia has extended the strike length of the Waterloo nickel-platinum-group-metals deposit by 250-750 metres.The …
Anglo American bids farewell to Kolwezi
Anglo American (AAUK-Q) has decided to sell its half-interest in Congo Mineral Developments (CMD), the joint venture that holds a 60% interest in the Kolwezi copper-cobalt tailings project in the Demo…
Canadian Stock Exchange Indices (August 05, 2002)
DateJuly 30July 29July 26July 25July 24HighLowTSX Composite6511.186483.076309.946278.446382.13…
Phelps Dodge takes loss in quarter (August 05, 2002)
Copper producer Phelps Dodge (PD-N) lost money in the three months ended June 30 but was able to reduce operating and overhead costs and clear off debt.The Arizona-based company booked a loss of US$36…
Sherritt enjoys coal-fired quarter
Higher realized nickel prices helped Sherritt International (S-T) to improved second-quarter net earnings of $24.6 million.The profit, which translates into 15 per diluted share, is a marked improvem…
Penasquito continuity confirmed (August 05, 2002)
Vancouver — The latest assay results from a recently completed 6,900-metre drill program on the Penasquito base metal property in Mexico have prompted Western Copper Holdings (WTC-T) to drill an addi…
AngloGold trims hedge
Eyeing a strengthening gold price, AngloGold (AU-N) trimmed its hedge book by another 2.4 million oz., to 10.5 million oz., during the second quarter.The move, which followed a 1.7-million-oz. reducti…
Starfield bullish at Ferguson Lake
Vancouver — Starfield Resources (SRU-V) reports encouraging results from stepout and infill drilling at its Ferguson Lake nickel/copper/ cobalt/platinum-group-metal project in Nunavut.A stepout hole …
Policies aim to strengthen Canada’s north
The federal government has introduced policies designed to strengthen standards for environmental protection through the reclamation of producing mine sites.The policies were developed in consultation…