Exchange Rates (December 22, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateDec. 16Dec. 15Dec. 12Dec. 11Dec. 10US$ in C$1.31831.31341.31501.3…
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Producer and Dealer Prices (December 22, 2003)
Antimony: Mid-mkt US$2,080/t.Bismuth: Mid-mkt US$3.00/lb.Cadmium: Mid-mkt US$0.62/lb.Cobalt: Recent trades US$16.60-18.30/lb.Copper: Comex Mar. US$1.005/lb.Indium: Indium Corp., ingot, US$320/kg.Iridi…
Canadian Stock Exchange Indices (December 22, 2003)
DateDec. 16Dec. 15Dec. 12Dec. 11Dec. 10HighLowTSX Composite7987.25…
The Northern Miner Indices (December 22, 2003)
North American Mining: 107.57 (-2.47)Small Producers: 105.45 (-3.63)(Sept. 30/98 = 100)…
Aussie coal firms merge management
The management and corporate service teams of Australia’s Coal & Allied, of which Rio Tinto is a 75.7% shareholder, will be folded into a wholly owned unit of Rio Tinto, Pacific Coal. The new entity w…
People (December 22, 2003)
Nord Resources — Ronald Hirsch appointed chairman and CEO; Erland Anderson appointed president, COO and director; Stephen Seymour appointed director; Michael Attaway appointed VP and manager of the J…
WGC unveils new gold collection
The World Gold Council has unveiled a collection and marketing initiative dubbed “Gold Expressions,” aimed at bolstering the global market for Italian-made gold jewelry.Following its formal launch in …
FNX, Dynatec exercise Inco option (December 22, 2003)
The Sudbury joint venture of FNX Mining (FNX-T) and Dynatec (DY-T) has moved to full ownership of five properties it previously held under an option agreement with Inco (N-T).FNX, with a thr…
Minco closes financing, eyes Chinese projects
Vancouver — Minco Mining & Metals (MMM-V) will use a portion of the proceeds from a bought-deal financing to explore projects in China.The financing was led by Toronto-based Octagon Capital and consi…
DRC cuts gold at Afton
Vancouver — DRC Resources (DRC-T) has intersected shallow porphyry gold mineralization at the Afton mine project near Kamloops, B.C.The intersection occurred about 1 km southeast of the Afton mineral…
Dow cracks 10,000 again
The Dow Jones Industrial Average distinguished itself during the report period ended Dec. 16 by again flying past the 10,000 mark — a feat not achieved since March 2002 — and settling up 206.14 poin…
Intrepid finds Argentine gold
Toronto-based Intrepid Minerals (IAU-V) reports high-grade gold and silver values following trenching on the Kamila zone of the Casposo property in northwestern Argentina.Intrepid has extended the zon…