The outlook for precious, base metals
Profit-taking is undermining the precious metals markets and, from a technical point of view, we expect gold, silver and platinum to remain subdued over the coming months. In a reversal of last year’s…
News
Tahera’s Jericho inches closer to development
The environmental impact statement for the Jericho diamond project of Tahera (TAH-T) has won conditional approval from the Nunavut Impact Review Board. The board’s findings have been forwarded to the …
Exchange Rates (February 16, 2004)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4US$ in C$1.32891.33041.32911.3319…
Jackson Inlet anomalous in indicator minerals
Regional sampling across more than half of Twin Mining’s (TWG-T) holdings on the Brodeur Peninsula, on Baffin Island, has identified a dozen anomalous areas.Of the 426 samples collected, 110 contain k…
Daily Metal Prices (February 16, 2004)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateFeb. 10Feb. 9Feb. 6Feb. 5Feb. 4Al Alloy1530/1560…
The Northern Miner Indices (February 16, 2004)
North American Mining: 108.29 (+5.58)Small Producers: 124.91 (+7.20)…
LME Warehouse Levels (February 16, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 10 (change from Feb. 3 in brackets):MetalStock(tonnes)ChangeAluminium1421625(-20…
CZN buys into Prairie Creek
An agreement with Titan Logix (TLA-V) has allowed Canadian Zinc (CZN-T) to buy Titan’s 2% net smelter return royalty interest in the Prairie Creek mine property in the Northwest Territories.Prairie Cr…
ATAC eyes Chinese prospects
Vancouver-based ATAC Resources (ATC-V) plans to scour China for mineral deposits, focusing on regions where the geology and metallogeny resemble those of the northern Cordillera.The joint-venture expl…
Sunridge explores in Eritrea (February 16, 2004)
Two drills are testing the Debarwa copper-gold deposit in Eritrea. The near-surface, volcanogenic massive sulphide deposit is part of the 1,400-sq.-km Asmara project held by partners Sunridge Gold (SG…
It’s all in the US dollar: Scotia Capital
A forecast for a continued decline in the greenback, outlined in the research booklet Focus 2004: Outperformers and Underperformers for 2004, underpins much of Scotia Capital’s predictions for the glo…
Throne speech good harbinger
The Mining Association of Canada (MAC) sees good signs in Ottawa’s recent throne speech.MAC President Gordon Peeling says it is the first throne speech in a long time that clearly recognizes the value…