Cambior trims Q1 loss, hedge book
A higher realized gold price enabled Cambior (CBJ-T) to reduce its loss for the first quarter of 2003, compared with the corresponding period last year.The loss amounted to US$2.3 million (or a penny …
News
CIM tackles globalization
Montreal, Que. — The 105th annual meeting of the Canadian Institute of Mining, Metallurgy and Petroleum, held in this city’s gargantuan Palais des Congrs, was highlighted by a plenary session titled…
Newmont predicts brighter future for gold
A year after it became the world’s largest gold miner as a result of merging with Normandy Mining and Franco-Nevada Mining, Newmont Mining (NEM-T) remains as bullish as ever about the yellow metal.Spe…
No waiver for Goldstream-Willa (May 19, 2003)
Vancouver — The British Columbia Environmental Assessment Office will not grant the Goldstream-Willa gold project a waiver under the environmental assessment process.The move came as a surprise to pr…
Loan puts Tirisano expansion on fast track
A loan from the Industrial Development Corporation of South Africa will enable Etruscan Resources (EET-T) and Mountain Lake Resources (MOA-V) to expand their Tirisano alluvial diamond mine in that cou…
Sao Bento returns Eldorado to black (May 19, 2003)
With production levels restored at the Sao Bento mine in Brazil, Eldorado Gold (ELD-T) turned in a tidy profit for the first three months of 2003.The company earned US$2.6 million (or a penny per shar…
Miners have volatile week
U.S. stock markets advanced modestly over the five trading days May 7-13, with the Standard & Poor’s 500 index up 7.91 points at 942.30 and the Dow Jones industrial average 90.89 points higher at 8,67…
Canadian Stock Exchange Indices (May 19, 2003)
DateMay 13May 12May 9May 8May 7HighLowTSX Composite6702.916717.506650.036620.776…
The Northern Miner Indices (May 19, 2003)
North American Mining: 66.70 (-0.10)Small Producers: 64.03 (+0.76)(Sept. 30/98 = 100)…
Producer and Dealer Prices (May 19, 2003)
Antimony: Mid-mkt US$2,540/t.Bismuth: Mid-mkt US$2.85/lb.Cadmium: Mid-mkt US$0.65/lb.Cobalt: Recent trades US$9.40-10.25/lb.Copper: Comex July US$0.7645/lb.Indium: Indium Corp., ingot, US$140/kg.Iridi…
Daily Metal Prices (May 19, 2003)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMay 13May 12May 9May 8May 7Al Alloy1405/1395…
Spot Prices Wednesday May 14, 2003 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$348.90+5.90Silver$4.82+0.06Platinum$662.00+34.00…