Minco drills Gobi project (September 08, 2003)
Vancouver — Minco Mining and Metals (MMM-V) recently kicked off a drill program on its Gobi gold project and continues to explore its BYC project in China.At the Gobi gold project in Inner Mongolia, …
News
LME Warehouse Levels (September 08, 2003)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 2 (change from Aug. 26 in brackets):MetalStock(tonnes)ChangeAluminium1348000(+1…
Exchange Rates (September 08, 2003)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27US$ in C$1.3877Holiday1.38511.
Lending Rates (September 08, 2003)
as of 4 pm ET, Sept. 2, 2003(%)Bank of Canada target rate3.00Bank of Canada overnight rate2.99Canadian Prime4.75U.S. Discount Primary2.00U.S. Fed Funds market rate1.04U.S. Prime4.00LIBOR US$ 3-…
Editorial Cartoon (September 08, 2003)
BHP tallies higher profit
Vancouver — Despite a drop in sales, BHP Billiton (BHP-N) saw profits rise to US$1.9 billion, or US31 per share, in the fiscal year ended June 30, 2003.This marks a significant increase from the US$…
Three prongs, none grounded
The Ontario Legislature was dissolved on Monday, which at least put an end to a long-running no-news item that infested local radio and television through the August silly season. Elections have been …
Dunkle, the apprentice
The following is the first of two excerpts from Wesley Earl Dunkle: Alaska’s Flying Miner, recently published by Boulder-based University Press of Colorado. The 274-page book was written by Charles Ca…
Gold: Supply and demand in Q2
Global demand for gold rose by just over 5% year-on-year in the second quarter of this year, with the greatest change coming in near-record levels of producer de-hedging, according to a report by anal…
QGX soars in Mongolia (September 08, 2003)
Shares in junior gold explorer QGX (QGX-V) rocketed to an all-time high following the latest batch of exploration results from its Golden Hills prospect in western Mongolia.Hole CVZ-40, collared on th…
Producer and Dealer Prices (September 08, 2003)
Antimony: Mid-mkt US$2,270/t.Bismuth: Mid-mkt US$3.05/lb.Cadmium: Mid-mkt US$0.68/lb.Cobalt: Recent trades US$9.50-11.25/lb.Copper: Comex Dec. US$0.832/lb.Indium: Indium Corp., ingot, US$180/kg.Iridiu…
Daily Metal Prices (September 08, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateSept. 2Sept. 1Aug. 29Aug. 28Aug. 27Al Alloy1420/142…