Exchange Rates (Bank of Canada, Feb. 17)
CurrencyAus $EuroJapan Mex PSA RandUK In C$1.04571.68360.012380.11980.20022.4956…
News
Producer and Dealer Prices (February 23, 2004)
Antimony: Mid-mkt US$2,600/t.Bismuth: Mid-mkt US$2.95/lb.Cadmium: Mid-mkt US$0.53/lb.Cobalt: Recent trades US$27-28/lb.Copper: Comex Mar. US$1.2435/lb.Indium: Indium Corp., ingot, US$375/kg.Iridium: M…
Base Metals: The Last Leg Higher
Since the latest consensus metal price forecast survey conducted by Reuters in mid-January, in which we were the most bullish forecaster for 2004 on an aggregate basis, analysts have been busy making …
Spot Prices Tuesday, Feb. 17, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$413.70+5.35Silver$6.64 +0.20Platinum$857.00…
Mining and the common good
It is far from unusual in this business to meet someone convinced he is the owner of fabulous mineral riches. In many cases, of course, the riches are fabulous in the narrow sense of the word — a fab…
IMA arranges financing
Vancouver — IMA Exploration (IMR-V) has inked a deal with a syndicate of underwriters to raise $4.6 million on a bought-deal basis.The underwriters, Canaccord Capital and First Associates Investments…
Production up in South Africa
Total mining production in South Africa rose by 5.8% in 2003 after a tiny 0.8% increase in 2002, according to Statistics South Africa.The increase was due in large part to an increase of 9.4% in the p…
Investment Commentary: Scotia Capital sees US$470-per-oz. gold
While many gold analysts have been criticized by gold bugs for bailing out of gold in a big way in December 2003, Scotia Capital stands out among the usually conservative, bank-owned brokerage houses …
Assaying
The following is an excerpt from the ninth edition of Mining Explained, published by The Northern Miner. The book sells for $30 plus $3 for shipping and is available by calling 1-800-668-2374. E-mail:…
Editorial Cartoon (February 23, 2004)
Gold Fields battered by volatile rand
A tough operating environment at home has spurred Johannesburg-based Gold Fields (GFI-N) to step up a global diversification program.In the past few months, the company acquired the Cerro Corona gold-…
Falconbridge soars to higher perch in ’03
Thanks to a strong finish, Falconbridge (FL-T) nearly quadrupled its earnings in 2003.Falco pocketed US$194 million (or US$1.05 a share) on 2003 revenue of US$2.08 billion, compared with US$50 million…