LME Warehouse Levels (November 25, 2002)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Nov. 19 (change from Nov. 12 in brackets):MetalStock(Tonnes)ChangeAluminium1289125(+2…
2002
Russian mines haul up earnings for High River
Consolidation of the results from its Russian subsidiary, Buryatzoloto, has given High River Gold (HRG-T) a significant increase in revenue and earnings.The company finished the three months ended Sep…
Ceramics fuel feldspar demand
Strong growth in the production of ceramics, particularly in Italy, Spain and China, continues to push up demand for feldspar, according to a report by London-based Roskill Information Services.The st…
Broad market climbs as golds tumble
Regaining ground lost in the previous period, the Toronto Stock Exchange Composite Index closed up 94.38 points higher in the Nov. 13-19 report period. The benchmark was set at 6,423.65 points.London …
Phelps Dodge, Cabot under investigation
The biggest story over the period was the revelation that Phelps Dodge and Cabot are being jointly investigated by American and European antitrust authorities for alleged price-fixing in the carbon bl…
Odds ‘n’ sods: Flying over Red Lake
The idea of flying prospectors and supplies into the field occurred to John Hammel in 1925, when he engaged the air service branch of the Ontario Department of Lands and Forests to fly 15 tons of supp…
MOST ACTIVE ISSUES, NOV. 13-19
ExchgVol (000s)HighLowCloseChangeKinross GoldT273813.082.722.73-0.35…
Breakwater suffers credit crunch (November 25, 2002)
Zinc miner Breakwater Resources (BWR-T) has entered talks with its creditors after announcing it probably will be unable to make certain scheduled debt payments by Jan. 2.The talks are aimed at extend…
Black Hawk posts small quarterly loss
With production from the Limon gold mine in Nicaragua down from last year, Black Hawk Mining (BHK-T) lost US$432,000 on revenue of US$4.3 million in the three months ended Sept. 30.For the first nine …
Corner Bay-Pan Am merger delayed
The closing date of the merger between Corner Bay Silver (BAY-T) and Pan American Silver (PAA-T) has been delayed until mid-December while the latter continues to secure a water source to enable heap-…
Spot Prices Wed. November 13, 2002 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$319.00-$4.20Silver$ 4.55-$0.02Platinum$593.00+$…
Exchange Rates (November 25, 2002)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)DateNov. 19Nov. 18Nov. 15Nov. 14Nov. 13US$ in C$1.58521.59021.58…